Shop Flex Unit with Fenced
For Sale
$268,200
5229 King Ave W, Billings, MT 59106
Flex shop and office space includes a fenced yard, 16-foot side walls, and a 14-foot overhead door.
Property Size1,800 SF
Price / SF$149
Days on Market18
Property Features for 5229 King Ave W
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Industrial - Flex - Industrial
Zoning
Community Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Listing Agency:
Coldwell Banker Commercial CBS
(406) 570-8961
Listed By:
Todd Sherman · License ##54530
Source:
Commercialcafe
Added: Jul 20
Changed: Jul 21
Last Checked: Aug 5 at 5:02AM
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 Coldwell Banker Commercial CBS
Investment Insights
Based on property information with market context.
This for-sale flex unit combines a shop area with finished office space and a private restroom. The interior is built with insulated walls finished in durable metal panels. Vehicle and equipment access is supported by 16-foot side walls and a 14-foot overhead door, with an additional separate walk-in pedestrian door for daily entry.
The unit also includes a 1,200-square-foot fenced yard. Utilities are provided by an onsite private well along with a cistern and septic system, and the space is heated with gas.
The property is designated for Community Commercial use. Convenient access is noted to King Avenue West and Interstate 90.
The unit also includes a 1,200-square-foot fenced yard. Utilities are provided by an onsite private well along with a cistern and septic system, and the space is heated with gas.
The property is designated for Community Commercial use. Convenient access is noted to King Avenue West and Interstate 90.
Key Highlights
- 1,800 SF shop and flex space at 5229 King Ave W, Unit C3, plus a 1,200 SF fenced yard
- 16‑foot side walls and a 14‑foot overhead door for equipment and large vehicle access
- Insulated interior walls finished with durable metal panels, plus a finished office and private restroom
Financial Insights For Office B
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 | $31.3k | $17.40 |
| − Vacancy | −$5.0k | −$2.78 |
| EGI | $26.3k | $14.62 |
| − OpEx | −$6.6k | −$3.65 |
| NOI | $19.7k | $10.96 |
1,800 SF · lease $17.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$281.9K
$246.7K – $328.9K
NOI $19,732 @ 7.0% cap · market cap 7.36%
Second Best
Flex RnD
$200.8K
$175.7K – $234.2K
NOI $14,054 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$392.7K
$343.7K – $458.2K
NOI $27,492 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Under-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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex shop and office space includes a fenced yard, 16-foot side walls, and a 14-foot overhead door.
Where is this flex space located?
The property is located at 5229 King Ave W Billings, MT.
What is the asking price?
The asking price for this property is $268,200.
What are key features of this property?
This property features: 1,800 SF shop and flex space at 5229 King Ave W, Unit C3, plus a 1,200 SF fenced yard; 16‑foot side walls and a 14‑foot overhead door for equipment and large vehicle access; Insulated interior walls finished with durable metal panels, plus a finished office and private restroom
