Flex Space with Warehouse and
2307 4th Ave N, Billings, MT 59101
For Sale
Contact for pricing
Flexible commercial space combines warehouse operations, office areas, a loading dock, and multiple garage doors.
Property Size16,000 SF
Price / SF$113.10
Days on Market108
Property Features for 2307 4th Ave N
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Warehouse & Industrial
Warehouse Space
Office Build-Out
Dock-High Doors
Amenities
reception area
break room
Building Details
Building Size
Listing Agency:
Coldwell Banker Commercial CBS
(406) 656-2001
Listed By:
David Mitchell, SIOR, CCIM · License MT RRE-BRO-LIC-38907
(406) 794-3404
Source:
Moodyscre
Added: Jul 27
Changed: Oct 25
Last Checked: Nov 10 at 10:18AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space combines warehouse and office components within a commercial building in downtown Billings. The property includes warehouse space, office space, multiple offices, and a centrally positioned reception area near the entrance. Large windows and a modern display area add visibility to the reception setting, while the office layout provides dedicated workspace for occupants.
Multiple garage doors support warehouse access, and a loading dock is located on the north side of the building. The property also includes a kitchen break room designed for employee use, creating a practical support area alongside the warehouse and office functions.
Multiple garage doors support warehouse access, and a loading dock is located on the north side of the building. The property also includes a kitchen break room designed for employee use, creating a practical support area alongside the warehouse and office functions.
Key Highlights
- Warehouse and office components within a flex‑space property
- Multiple garage doors support warehouse access
- Loading dock located on the north side of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,171
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,623,420
$2.6M
Cap Rate 7%
$1,873,871
$1.9M
Cap Rate 9%
$1,457,456
$1.5M
Market Conditions
NOI Build-Up for 16,800 SF
Gross rent
$221.8K $13.20/SF
− Vacancy
−$20.0K −$1.19/SF
EGI
$201.8K $12.01/SF
− OpEx
−$70.6K −$4.20/SF
NOI
$131.2K $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%
$2,623,420
Cap Rate 7%
$1,873,871
Cap Rate 9%
$1,457,456
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.07M
NOI $184,162 @ 7.0% cap · market cap 9.69%
Second Best
Flex RnD
$1.87M
$1.64M – $2.19M
NOI $131,171 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,596 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
3,036
Businesses Nearby
Balanced
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
$243,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Billings, MT
Properties on Market for Flex space in Billings
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Crepe Diem — 224 N Broadway, Billings, MT 59101
- Bull Hollow Barbecue and Catering — Billings, MT 59101
- Cotta Custom Catering/Pizza Cotta — 310 N 13th St, Billings, MT 59101
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial space combines warehouse operations, office areas, a loading dock, and multiple garage doors.
Where is this flex space located?
The property is located at 2307 4th Ave N Billings, MT.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Warehouse and office components within a flex‑space property; Multiple garage doors support warehouse access; Loading dock located on the north side of the building
