Flex Space with Exhaust
2133 Blue Creek # 5, Billings, MT 59101
For Sale
Contact for pricing
A secured shop condo combines substantial electrical service, climate control, and a large overhead door for commercial operations.
Property Size1,440 SF
Price / SF$166.67
Days on Market36
Property Features for 2133 Blue Creek # 5
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Asking Price
Power
Property Use
Building Details
Year Built
Listing Agency:
5 Pillars Realty
Listed By:
Shaylee Green, CCIM · License MT #90045
Source:
Crexi
Added: Oct 7
Changed: Nov 9
Last Checked: Nov 10 at 8:22AM
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 5 Pillars Realty
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Investment Insights
Based on property information with market context.
This 1,440-square-foot flex unit was built in 2020 and measures 24 by 60 feet. The shop has 700 amps currently in use, a 27,000 CFM exhaust system, 7-ton Rheem HVAC, radiant heat, and a 14-by-14-foot overhead door. LED lighting and a half bathroom are also included.
Located in a gated community with security, the property carries CX – Heavy Commercial zoning. A security system is installed, and the property is identified as a shop condominium.
Located in a gated community with security, the property carries CX – Heavy Commercial zoning. A security system is installed, and the property is identified as a shop condominium.
Key Highlights
- 1,440‑square‑foot flex shop condo; 24' x 60'
- Built in 2020
- 700 amps currently in use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,243
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,860
$224.9K
Cap Rate 7%
$160,614
$160.6K
Cap Rate 9%
$124,922
$124.9K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$19.0K $13.20/SF
− Vacancy
−$1.7K −$1.19/SF
EGI
$17.3K $12.01/SF
− OpEx
−$6.1K −$4.20/SF
NOI
$11.2K $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%
$224,860
Cap Rate 7%
$160,614
Cap Rate 9%
$124,922
Alternative Uses
Best Use
Flex RnD
$160.6K
$140.5K – $187.4K
NOI $11,243 @ 7.0% cap · market cap 4.68%
Second Best
Industrial
$118.6K
$103.8K – $138.4K
NOI $8,301 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$314.2K
$274.9K – $366.6K
NOI $21,994 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Well-served
Demand for This Use
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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
$243,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Billings, MT
Properties on Market for Flex space in Billings
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A secured shop condo combines substantial electrical service, climate control, and a large overhead door for commercial operations.
Where is this flex space located?
The property is located at 2133 Blue Creek # 5 Billings, MT.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,440‑square‑foot flex shop condo; 24' x 60'; Built in 2020; 700 amps currently in use
