Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Steel Shop on Acreage Title is generated by Realmo AI

    243 S 80th St W St, Billings, MT 59106

    View on Map
    Claim this Listing
    For Sale
    $314,000

    Newly constructed 3000 SF steel shop with potential living space.

    Type:Lots/Land
    Property size:
    3,000 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $104/SF
    Added:
    Apr 14, 2025
    Days on Market:
    418
    Last Refresh:
    May 28 at 3:32 pm

    Property Features for 243 S 80th St W St

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    1.00 Acre
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Dana Ventling

    Listing agent Dana Ventling License #RRE-BRO-LIC-55021

    Listing office Meridian Real Estate LLC

    Listing date Apr 14, 2025

    Source Exitrealty

    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 Meridian Real Estate LLC

    HighLights

    • Newly constructed 3000 sf steel shop (60' x 50') on over an acre.
    • Potential for future living space plumbed for bathrooms, kitchen, mechanical and laundry room.
    • Easy access to Billings and Laurel in a growing west end community.
    • Shop features 16'x14' and 14'x14' insulated steel garage doors and steel‑lined walls.
    • Shop is studded 2'x6' construction with 16' sidewalls and wired for power.
    • 2200 gallon cistern, irrigation water, electricity, and natural gas are in place.

    Overview

    This newly constructed 3000 square foot steel shop is located in an active and growing west end community on a little over an acre. The property offers sweeping countryside views and easy access to Billings and Laurel. The shop dimensions are 60 feet by 50 feet. It features 16'x14' and 14'x14' insulated steel garage doors, along with insulated, steel-lined walls. The entire shop is studded with 2'x 6' construction and 16-foot sidewalls, and it is wired for power. There is potential future living space that has been plumbed for one to two bathrooms, a kitchen, and a mechanical and laundry room. These spaces may be completed as per buyer's needs with a builder of buyer's choice. A concrete monolithic pad foundation with a 10-foot apron below a covered porch is in place. A 2200-gallon cistern has been installed. Irrigation water is available for landscaping, and electricity and natural gas are in place. The property is intended for flex space, industrial, warehouse, and commercial real estate use. The buyer is advised to perform their own due diligence regarding business use.

    Local 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 $39.6k $13.20
    − Vacancy −$3.6k −$1.19
    EGI $36.0k $12.01
    − OpEx −$12.6k −$4.20
    NOI $23.4k $7.81
    3,000 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $334.6K
    $292.8K – $390.4K (±1% cap)
    NOI $23,423 @ 7.0% cap · market cap 7.46%
    Second Best
    Warehouse
    $280.0K
    $245.0K – $326.7K (±1% cap)
    NOI $19,599 @ 7.0% cap · market cap 6.24%
    Theoretical Best
    Office A
    $654.6K
    $572.8K – $763.7K (±1% cap)
    NOI $45,821 @ 7.0% cap · market cap 14.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Food Market Storage Facility HVAC Service Grocery & Convenience Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.719055
    Latitude
    45.764595

    Nearby Similar for Sale

    • $550,000
      3,276 SF

      Remodeled Duplex Investment Opportunity

      Remodeled duplex with leases in place until July.
      1322 Babcock Circle, Billings, MT 59105
      View Details
    • $779,900
      4,125 SF

      Billings Grow Facility with Shop

      State-of-the-art grow facility with commercial shop on 1.45 acres.
      6 89th Street S, Billings, MT 59106
      View Details
    • $575,000
      6,811 SF

      Mixed-Use Property in Billings, MT

      Versatile mixed-use property with high traffic exposure in Billings.
      1315 6th Ave. N, Billings, MT 59101
      View Details
    • $390,000
      2,929 SF

      Westend Industrial Condo/Flex Space

      Versatile industrial condo/flex space in prime Westend location.
      2697 Enterprise Avenue, Billings, MT 59102
      View Details
    • $999,000
      7,145 SF

      Prime Office/Flex Space Opportunity

      Versatile office and flex space near King Ave retail corridor.
      2747 Enterprise #5 Avenue, Billings, MT 59102
      View Details
    • $825,000
      5,600 SF

      Billings Heights 5-Plex Investment

      Five 2-bed units near Lake Elmo with income potential.
      405 Roxy Lane, Billings, MT 59105
      View Details
    • $800,000
      3,420 SF

      New-Build Triplex in Billings, MT

      Investor-focused triplex near hospital corridor, projected completion June 2026.
      2310 11th Avenue N, Billings, MT 59101
      View Details
    • $2,900
      3,480 SF

      Office/Warehouse Space For Sale

      Versatile office and warehouse space with secure storage.
      707 Wagon Trail E - NNN LEASE LISTING, Billings, MT 59106
      View Details
    • $495,000
      5,310 SF

      Victorian Five-Plex in Central Billings

      Unique investment opportunity: five units, garages, potential single-family conversion.
      105 Yellowstone Avenue, Billings, MT 59101
      View Details
    • $355,000
      5,879 SF

      Retail and Warehouse Building with Overhead Doors

      Flexible retail-forward layout connects to rear warehouse and storage, with overhead doors for convenient access.
      3407 Montana Avenue, Billings, MT 59101
      View Details
    • $500,000
      5,144 SF

      Billings Multifamily Sober Living Home

      Turn-key sober living home in Billings' West End.
      3320 Ravalli Pl, Billings, MT 59102
      View Details
    • $500,000
      5,144 SF

      West End Billings Business Opportunity

      Turn-key sober living home or duplex opportunity in Billings' West End.
      3320 Ravalli Pl, Billings, MT 59102
      View Details

    FAQs

    What type of property is this?
    Flex space - Newly constructed 3000 SF steel shop with potential living space.
    Where is this flex space located?
    The property is located at 243 S 80th St W St Billings, MT.
    What is the asking price?
    The asking price for this property is $314,000.
    What are key features of this property?
    This property features: Newly constructed 3000 sf steel shop (60' x 50') on over an acre.; Potential for future living space plumbed for bathrooms, kitchen, mechanical and laundry room.; Easy access to Billings and Laurel in a growing west end community.
    (406) 591-1885
    We can help!
    Listing Contact
    Dana Ventling
    Real Estate License ID: RRE-BRO-LIC-55021
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    243 S 80th St W St, Billings, MT 59106
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!