Flex Space with Heated
For Sale
$759,000
1907 Main St, Billings, MT 59105
A fenced outdoor yard complements office, shop, and storage areas for a range of commercial operations.
Property Size8,276 SF
Lot Size0.76 Acres
Price / SF$91.71
Days on Market96
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
Neighborhood
Lockwood
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Office Build-Out
1,250 SF
Drive-In Doors
2
Additional Details
Asking Price
$759,000
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$7,749
Building Details
Building Size
8,276 SF
Year Built
1955
Buildings
1
Listing Agency:
ERA American Real Estate
Listed By:
Brian Huskey · License #RRE-BRO-LIC-36204
(406) 697-2510
Source:
Huskeygroup
Added: Jul 28
Changed: Oct 26
Last Checked: Oct 26 at 3:23PM
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
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Investment Insights
Based on property information with market context.
This 8,276-square-foot flex property sits on 0.76 acres and includes approximately 1,250 square feet of office space alongside a 5,100-square-foot heated shop. Shop features include radiant tube heat, compressed air lines, an in-floor drain, and two 16-foot drive-through overhead doors. Additional warehouse and mezzanine storage support the building’s varied work and storage areas.
The rear yard is fully fenced and secured by an automatic gate. Improvements include a recoated roof, newer overhead doors, updated fencing, and replaced radiant tube heaters. Built in 1955, the property is located on Main Street in Billings Heights.
The rear yard is fully fenced and secured by an automatic gate. Improvements include a recoated roof, newer overhead doors, updated fencing, and replaced radiant tube heaters. Built in 1955, the property is located on Main Street in Billings Heights.
Key Highlights
- 8,276‑square‑foot building on 0.76 acres
- Approximately 1,250 square feet of office space and a 5,100‑square‑foot heated shop
- Two 16‑foot drive‑through overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,617
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,340
$1.3M
Cap Rate 7%
$923,100
$923.1K
Cap Rate 9%
$717,967
$718.0K
Market Conditions
NOI Build-Up for 8,276 SF
Gross rent
$109.2K $13.20/SF
− Vacancy
−$9.8K −$1.19/SF
EGI
$99.4K $12.01/SF
− OpEx
−$34.8K −$4.20/SF
NOI
$64.6K $7.81/SF
Area
Billings, MT
Vacancy
9.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,340
Cap Rate 7%
$923,100
Cap Rate 9%
$717,967
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.
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A fenced outdoor yard complements office, shop, and storage areas for a range of commercial operations.
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: 8,276‑square‑foot building on 0.76 acres; Approximately 1,250 square feet of office space and a 5,100‑square‑foot heated shop; Two 16‑foot drive‑through overhead doors
