For Sale
$199,900
2147 Blue Creek Rd # 9, Billings, MT 59101
Flex space
Property Size1,440 SF
Price / SF$138.82
Days on Market215
Property Features for 2147 Blue Creek Rd # 9
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Industrial
Building Details
Building Size
1,440 SF
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Nathan Matelich, SIOR, CCIM · License #MT #RRE-BRO-LIC-69991
(406) 781-6889
Source:
Cbcmontana
Added: Mar 5
Changed: Oct 5
Last Checked: Oct 5 at 4:32PM
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
Estimated NOI and Cap Rate
NOI / Yr
$11,243
Cap Rate
5.62%
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 5.62%
Second Best
Industrial
$118.6K
$103.8K – $138.4K
NOI $8,301 @ 7.0% cap · market cap 4.15%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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.
