Versatile Warehouse with Expansion
8322 N Workshop Ave Billings, MT 59106
8322 N Workshop Ave, Billings, MT, 59106
$535,000
For Sale
$535,000
3,408 SF warehouse with high ceilings, ample parking, storage lot.
Property Size3,408 SF
Lot Size0.66 Acres
Price / SF$156.98
Days on Market138
Property Features for 8322 N Workshop Ave
General Information
- Standard status
- Active
- Size
- 3,408 SF
- Lot size
- 0.66 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2020
Listing agency
NAI Business Properties
(406) 860-1567
Listed by
Brian McDonald · License #RRE-BRO-LIC-12627
(406) 860-1567
Source
Naiglobal
Added: Mar 6 Updated: Jul 6 at 10:30AM Checked: Jul 22 at 5:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Business Properties
Investment Insights
Based on property information with market context.
This 3,408 SF flex space building offers a versatile layout suitable for various business needs. The property includes two lots totaling 28,619 SF. The warehouse features 16 ft ceilings, providing convenient access for loading and unloading. Ample parking is available, along with a large storage lot. Located in the thriving Billings area, the property has the potential for additional expansion and future growth. It is located near King Avenue West and 80th Street West.
Key Highlights
- Located in the thriving Billings area.
- 3,408 SF flex space building suitable for various business needs.
- High 16 ft ceilings for versatile usage.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $13.20 |
| − Vacancy | −$4.0k | −$1.19 |
| EGI | $40.9k | $12.01 |
| − OpEx | −$14.3k | −$4.20 |
| NOI | $26.6k | $7.81 |
3,408 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$380.1K
$332.6K – $443.5K
NOI $26,609 @ 7.0% cap · market cap 4.97%
Second Best
Warehouse
$318.1K
$278.3K – $371.1K
NOI $22,265 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$743.6K
$650.7K – $867.5K
NOI $52,052 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 3,408 SF warehouse with high ceilings, ample parking, storage lot.
Where is this flex space located?
The property is located at 8322 N Workshop Ave Billings, MT.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Located in the thriving Billings area.; 3,408 SF flex space building suitable for various business needs.; High 16 ft ceilings for versatile usage.
