For Sale
$199,900
2147 Blue Creek Rd #9, Billings, MT 59101
Flex space
Property Size1,440 SF
Price / SF$138.82
Days on Market147
Property Features for 2147 Blue Creek Rd #9
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Industrial
Listing Agency:
Coldwell Banker Commercial CBS
(406) 656-2001
Listed By:
Nathan Matelich
(406) 656-2001
Source:
Cbcworldwide
Added: Mar 5
Changed: Jul 10
Last Checked: Jul 30 at 4:39AM
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 Coldwell Banker Commercial CBS
Investment Insights
Based on property information with market context.
Key Highlights
- Low‑maintenance ownership: HOA covers water, sewer, snow removal, road maintenance, and landscaping.
- Secure and accessible: Fully fenced and gated with 24/7 access.
- Versatile space: 1,440 sq ft shop condo ideal for warehousing, storage, or personal use.
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 | $19.0k | $13.20 |
| − Vacancy | −$1.7k | −$1.19 |
| EGI | $17.3k | $12.01 |
| − OpEx | −$6.1k | −$4.20 |
| NOI | $11.2k | $7.81 |
1,440 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$160.6K
$140.5K – $187.4K
NOI $11,243 @ 7.0% cap · market cap 5.62%
Second Best
Warehouse
$134.4K
$117.6K – $156.8K
NOI $9,408 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$314.2K
$274.9K – $366.6K
NOI $21,994 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this flex space located?
The property is located at 2147 Blue Creek Rd #9 Billings, MT.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Low‑maintenance ownership: HOA covers water, sewer, snow removal, road maintenance, and landscaping.; Secure and accessible: Fully fenced and gated with 24/7 access.; Versatile space: 1,440 sq ft shop condo ideal for warehousing, storage, or personal use.
