Flex Space with Heated
New
For Sale
$759,000
1907 Main St, Billings, MT 59105
Flex space built for warehouse, contractor, manufacturing, automotive, and service use, with a heated shop and secured rear yard.
Property Size8,276 SF
Lot Size0.76 Acres
Price / SF$91.71
Days on Market4
Property Features for 1907 Main St
General Information
Standard status
Active
Size
8,276 SF
Lot size
0.76 Acres
Property subtype
Business
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Office Build-Out
1,250 SF
Drive-In Doors
2
Additional Details
Asking Price
$759,000
Building Details
Building Size
8,276 SF
Year Built
1955
Buildings
1
Listing Agency:
ERA American Real Estate
(406) 697-2510
Listed By:
Brian Huskey · License #RRE-BRO-LIC-36204
(406) 697-2510
Source:
Careychapman
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 4:13AM
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.
Versatile flex space at 1907 Main St in Billings, MT, built in 1955 on a 0.76+- acre site. The 8,276 SF building includes approximately 1,250 SF of office space, plus a 5,100 SF heated shop designed for industrial and service operations.
The shop features radiant tube heat, compressed air lines, and an in-floor drain. Secure operations are supported by a fully fenced rear yard with an automatic security gate, along with additional warehouse/mezzanine storage. Two 16' drive-through overhead doors provide shop access.
Recent improvements include a recoated roof, newer overhead doors, updated fencing, and replaced radiant tube heaters. The property includes a range of features suited to warehouse, contractor, manufacturing, automotive, or service-related businesses.
The shop features radiant tube heat, compressed air lines, and an in-floor drain. Secure operations are supported by a fully fenced rear yard with an automatic security gate, along with additional warehouse/mezzanine storage. Two 16' drive-through overhead doors provide shop access.
Recent improvements include a recoated roof, newer overhead doors, updated fencing, and replaced radiant tube heaters. The property includes a range of features suited to warehouse, contractor, manufacturing, automotive, or service-related businesses.
Key Highlights
- 0.76+- acre site with fully fenced rear yard and automatic security gate
- 8,276 SF flex building with approximately 1,250 SF office space
- 5,100 SF heated shop with radiant tube heat
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 | $109.2k | $13.20 |
| − Vacancy | −$9.8k | −$1.19 |
| EGI | $99.4k | $12.01 |
| − OpEx | −$34.8k | −$4.20 |
| NOI | $64.6k | $7.81 |
8,276 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$923.1K
$807.7K – $1.08M
NOI $64,617 @ 7.0% cap · market cap 8.51%
Second Best
Warehouse
$772.4K
$675.9K – $901.1K
NOI $54,068 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,404 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59105, MT
33,310
Population
14,198
Households
2.3
Avg Household Size
37
Median Age
30%
College-Educated
96%
High-School Grad
95.9 sq mi
ZIP Area
347
Density / Sq Mi
$74,572
Median Household Income
$44,359
Median Earnings
$1,261
Median Rent
$314,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space built for warehouse, contractor, manufacturing, automotive, and service use, with a heated shop and secured rear yard.
Where is this flex space located?
The property is located at 1907 Main St Billings, MT.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: 0.76+- acre site with fully fenced rear yard and automatic security gate; 8,276 SF flex building with approximately 1,250 SF office space; 5,100 SF heated shop with radiant tube heat
