Flex Space with Shop
For Sale
$209,670
21 unit #28 E Weaver Lane, Red Lodge, MT 59068
CommercialSale, Red Lodge, MT
Property Size1,500 SF
Price / SF$139.78
Days on Market39
Property Features for 21 unit #28 E Weaver Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
2
Parking features
Assigned
Subdivision
7D
Directions
Head out of Red Lodge on Highway 78 towards Roscoe and turn onto Weaver Lane near the semi-truck trailer sign with elevation storage on the side.
Standard status
Active
APN
7017021
Size
1,500 SF
Taxes and HOA fees
Tax Description
7D SUBDIVISION, S16, T07 S, R20 E, Lot 1, ACRES 1.97, PLAT 2486 AM 1
Tax Annual Amount
4992
Legal Description
7D SUBDIVISION, S16, T07 S, R20 E, Lot 1, ACRES 1.97, PLAT 2486 AM 1
Amenities
clubhouse
wash bay
restrooms
meeting room
garage
lawn and snow removal
secure fencing
gated entry
Building Details
Year built
2026
Floors in Building
1
Building materials
MetalSiding, Steel
Roof type
Metal
Listing Agency:
Coldwell Banker The Brokers RL · Coldwell Banker Real Estate
(406) 446-3001
Listed By:
Jacob Skatvold · License #RRE-RBS-LIC-127733
(218) 443-4005
Added: Aug 31
Changed: Oct 7
Last Checked: Oct 8 at 12:06AM
MLS# 361585
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.
Investment Insights
Based on property information with market context.
This flex property is under construction, with 27 shop units and 7 office/shop units. The listed unit measures 1,500 square feet; shop units are described at 30' x 48'. Unit features include steel wall panels and roofing, electrical service and lighting, two entry doors, and a 14' x 14' garage door. Construction materials include metal siding and steel, with a metal roof.
A shared clubhouse provides a wash bay, restrooms, a meeting room, and a garage. The property also has secure fencing and gated entry. Assigned parking is available, and the POA covers lawn care and snow removal.
A shared clubhouse provides a wash bay, restrooms, a meeting room, and a garage. The property also has secure fencing and gated entry. Assigned parking is available, and the POA covers lawn care and snow removal.
Key Highlights
- 27 shop units measuring 30' x 48' and 7 office/shop units
- Listed unit measures 1,500 square feet
- Each unit has a 14' x 14' garage door, two entry doors, electrical service, and lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,712
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,240
$234.2K
Cap Rate 7%
$167,314
$167.3K
Cap Rate 9%
$130,133
$130.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$19.8K $13.20/SF
− Vacancy
−$1.8K −$1.19/SF
EGI
$18.0K $12.01/SF
− OpEx
−$6.3K −$4.20/SF
NOI
$11.7K $7.81/SF
Area
Carbon County, 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%
$234,240
Cap Rate 7%
$167,314
Cap Rate 9%
$130,133
Alternative Uses
Best Use
Flex RnD
$167.3K
$146.4K – $195.2K
NOI $11,712 @ 7.0% cap · market cap 5.59%
Second Best
Warehouse
$140.0K
$122.5K – $163.3K
NOI $9,800 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$327.3K
$286.4K – $381.8K
NOI $22,910 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Office units
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Demographics for 59068, MT
3,670
Population
2,967
Households
1.2
Avg Household Size
52
Median Age
47%
College-Educated
99%
High-School Grad
520.9 sq mi
ZIP Area
7
Density / Sq Mi
$63,704
Median Household Income
$33,293
Median Earnings
$795
Median Rent
$413,900
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 - Open-plan shop space is offered alongside office/shop units for storage or business use.
Where is this flex space located?
The property is located at 21 unit #28 E Weaver Lane Red Lodge, MT.
What is the asking price?
The asking price for this property is $209,670.
What are key features of this property?
This property features: 27 shop units measuring 30' x 48' and 7 office/shop units; Listed unit measures 1,500 square feet; Each unit has a 14' x 14' garage door, two entry doors, electrical service, and lighting
