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    Contractor Shop with Office Title is generated by Realmo AI

    1415 E Railroad Street, Laurel, MT 59044

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    SINGLE_FAMILY - Laurel, MT

    Type:Office
    Property size:
    3,744 SF
    Price / SF:
    $0.97/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 1415 E Railroad Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Garage, Assigned
    Interior features
    Storage
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    D02669
    Size
    3,744 SF

    Taxes and HOA fees

    Tax Description
    NUTTING 2ND FILING, S10, T02 S, R24 E, Lot 1A, AMEND LTS 1,2
    Tax Annual Amount
    3639
    Expense value
    3650
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2021
    Floors in Building
    1
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Ryan Mayes
    Ryan Mayes

    Listing agent Ryan Mayes License #RRE-BRO-LIC-39237

    Listing office A Haus Of Realty 20 Montana Avenue, Laurel, MT

    Listing date Jun 2, 2026

    MLS# 357708

    Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Newer commercial shop and office space built in 2021
    • Large shop includes a 14' overhead door and central HVAC in the shop
    • Office has its own mini‑split system, with forced air heat and central air throughout
    • Enclosed, secured yard with 8' security fencing plus a powered, covered storage shed
    • On‑site setup includes multiple 220V outlets, air compressor lines, and utility sinks
    • Includes garage and assigned parking; public water and public sewer

    Overview

    This newer flex-style commercial property combines a sizable shop area with a dedicated office component, offering a practical layout for businesses that need both work space and client or administrative space. The shop features a 14' overhead door for convenient access and a spacious mezzanine that can support additional storage or workspace. On-site is a fully enclosed yard with 8' security fencing, plus a powered, covered storage shed for extra equipment and supplies. Inside, the office includes a separate mini-split system, while the shop is served by central HVAC. Operational support is built in with multiple 220V outlets, utility sinks, and air compressor lines. Additional amenities include a breakroom with a refrigerator and microwave and on-demand hot water.

    Located in a prime Laurel area, the property provides straightforward access for service and light industrial needs. It also has two power meters, which aligns with separating utility consumption across different building areas.

    The facility is a strong fit for contractors, service businesses, and light industrial users looking for a secure, well-equipped setup with dedicated shop access and a functional office environment. The combination of overhead door capability, covered storage, and fenced yard supports day-to-day operations where equipment, tools, and parts need to be protected and readily managed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boesh Engineering & Testing Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.751637
    Latitude
    45.668941

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    FAQs

    What type of property is this?
    Flex space - Secure flex shop with a dedicated office and 14' overhead door, well-suited for service and light industrial operations.
    Where is this flex space located?
    The property is located at 1415 E Railroad Street Laurel, MT.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Newer commercial shop and office space built in 2021; Large shop includes a 14' overhead door and central HVAC in the shop; Office has its own mini‑split system, with forced air heat and central air throughout
    (406) 671-4444
    We can help!
    Listing Contact
    Ryan Mayes
    Ryan Mayes
    Real Estate License ID: RRE-BRO-LIC-39237
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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