Flex Industrial Facility with Fenced
New
For Sale
$1,250,000
525 Moore Ln, Billings, MT 59101
Warehouse and office configuration includes a fenced yard, drive-through access, and paved on-site parking.
Property Size9,633 SF
Days on Market2
Property Features for 525 Moore Ln
General Information
Standard status
Active
Size
9,633 SF
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Loading
drive-through
Building Details
Building Size
9,633 SF
Year Built
1976
Year Renovated
1999
Listing Agency:
NAI Business Properties
(406) 671-1158
Listed By:
Matt Robertson, SIOR
(406) 671-1158
Source:
Naiglobal
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 9:38AM
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 flex industrial property combines warehouse operations with office accommodation across the main and second floors. The facility includes a drive-through warehouse, multiple overhead doors measuring 12' x 14', a fenced yard, and a fully paved site with on-site parking. Multiple offices support administrative and operational functions within the building.
Constructed in 1976 and remodeled in 1999, the property is located at 525 Moore Ln in Billings, Montana. Its combination of warehouse, office, yard, and vehicle-access features supports the range of functions identified for the property, including contractor, service, distribution, manufacturing, and fleet operations.
Constructed in 1976 and remodeled in 1999, the property is located at 525 Moore Ln in Billings, Montana. Its combination of warehouse, office, yard, and vehicle-access features supports the range of functions identified for the property, including contractor, service, distribution, manufacturing, and fleet operations.
Key Highlights
- Flex industrial property with warehouse, office, and yard components
- Fenced yard space included
- Drive‑through warehouse configuration
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
$105,597
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
8.45%
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%
$2,111,940
$2.1M
Cap Rate 7%
$1,508,529
$1.5M
Cap Rate 9%
$1,173,300
$1.2M
Market Conditions
NOI Build-Up for 9,633 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
$167.6K $17.40/SF
− Vacancy
−$26.8K −$2.78/SF
EGI
$140.8K $14.62/SF
− OpEx
−$35.2K −$3.65/SF
NOI
$105.6K $10.96/SF
Area
Billings, MT
Vacancy
16.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$2,111,940
Cap Rate 7%
$1,508,529
Cap Rate 9%
$1,173,300
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,597 @ 7.0% cap · market cap 8.45%
Second Best
Flex RnD
$1.07M
$940.2K – $1.25M
NOI $75,213 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,131 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59101, MT
41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Up In Smoke BBQ — 11 Mac Arthur Ave, Billings, MT 59101
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office configuration includes a fenced yard, drive-through access, and paved on-site parking.
Where is this flex space located?
The property is located at 525 Moore Ln Billings, MT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Flex industrial property with warehouse, office, and yard components; Fenced yard space included; Drive‑through warehouse configuration
