Warehouse Unit for
For Sale
$119,000
125 S 80th St W #11B, Billings, MT 59106
For sale warehouse unit in Yellowstone County, suitable for storage and light commercial operations.
Property Size1,392 SF
Price / SF$85.49
Days on Market55
Property Features for 125 S 80th St W #11B
General Information
Standard status
Active
Size
1,392 SF
Zoning
Other
Taxes and HOA fees
Annual Taxes
$699
Amenities
Natural Gas, Forced Air
Building Details
Year Built
2018
Stories
1
Listing Agency:
ERA American Real Estate
(406) 702-0136
Listed By:
Hunter Kroft · License #RRE-RBS-LIC-99825
(406) 702-0136
Source:
Evrealestate
Added: Jun 18
Changed: Aug 7
Last Checked: Aug 11 at 6:17AM
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 ERA American Real Estate
Investment Insights
Based on property information with market context.
This offering is a warehouse unit available for sale in Yellowstone County. The property is identified as unit #11B at 125 S 80th St W. It is presented as warehouse space, providing a straightforward option for buyers seeking dedicated storage or flexible light commercial use.
The unit is located at 125 S 80th St W in Billings, MT 59106. The listing provides the unit identifier and address, supporting direct access for prospective buyers to arrange viewings and confirm site details.
A warehouse unit like this can fit a range of practical needs, including inventory storage, equipment storage, or other light commercial uses where controlled space is important. Buyers should review the unit’s layout and any building-specific rules directly with the seller or broker to confirm fit for their intended operation, since the listing information does not specify interior configuration or loading/access features.
The unit is located at 125 S 80th St W in Billings, MT 59106. The listing provides the unit identifier and address, supporting direct access for prospective buyers to arrange viewings and confirm site details.
A warehouse unit like this can fit a range of practical needs, including inventory storage, equipment storage, or other light commercial uses where controlled space is important. Buyers should review the unit’s layout and any building-specific rules directly with the seller or broker to confirm fit for their intended operation, since the listing information does not specify interior configuration or loading/access features.
Key Highlights
- Warehouse unit in Yellowstone County suitable for storage and light commercial operations
- Built in 2018
- Heating: natural gas forced air
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,094
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$181,880
$181.9K
Cap Rate 7%
$129,914
$129.9K
Cap Rate 9%
$101,044
$101.0K
Market Conditions
NOI Build-Up for 1,392 SF
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.
Gross rent
$11.7K $8.40/SF
− Vacancy
−$994 −$0.71/SF
EGI
$10.7K $7.69/SF
− OpEx
−$1.6K −$1.15/SF
NOI
$9.1K $6.53/SF
Area
Billings, MT
Vacancy
8.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$181,880
Cap Rate 7%
$129,914
Cap Rate 9%
$101,044
Alternative Uses
Best Use
Warehouse
$129.9K
$113.7K – $151.6K
NOI $9,094 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.7K
$265.8K – $354.4K
NOI $21,261 @ 7.0% cap · market cap 17.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59106, MT
20,681
Population
8,164
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
98%
High-School Grad
112.0 sq mi
ZIP Area
185
Density / Sq Mi
$122,374
Median Household Income
$52,380
Median Earnings
$1,380
Median Rent
$483,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Shop World Storage — 936 West Toy Storage Street, Billings, MT 59106
Frequently Asked Questions
What type of property is this?
Warehouse - For sale warehouse unit in Yellowstone County, suitable for storage and light commercial operations.
Where is this warehouse located?
The property is located at 125 S 80th St W #11B Billings, MT.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Warehouse unit in Yellowstone County suitable for storage and light commercial operations; Built in 2018; Heating: natural gas forced air
