Industrial Flex Condo with
2697 Enterprise Avenue Billings, MT 59102
2697 Enterprise Avenue, Billings, MT, 59102
$390,000
For Sale
$390,000
Industrial condo flex space with temperature-controlled warehouse/shop, office and retail areas, and an added mezzanine.
Property Size2,929 SF
Price / SF$133.15
Days on Market18
Property Features for 2697 Enterprise Avenue
General Information
- Standard status
- Active
- Size
- 2,929 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2018
Listing agency
ERA American Real Estate
(406) 698-8816
Listed by
Gabriel Salley · License #RRE-RBS-LIC-32308
Source
Clearwaterproperties
Added: Jul 4 Updated: Jul 20 at 3:54PM Checked: Jul 21 at 4:27AM
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 ERA American Real Estate
Investment Insights
Based on property information with market context.
Unit A at 2697 Enterprise Avenue offers a versatile industrial condo/flex layout designed for day-to-day operations. The space includes a temperature-controlled warehouse/shop area with a 14' pull-through overhead door, complemented by office and retail areas. A separate 1,900 sq. ft. mezzanine provides additional space for storage or expansion.
The property is located in a Westend area of Billings with convenient access to I-90. The public remarks note proximity to major retail and home improvement anchors, including Home Depot and Lowe’s, along with other amenities.
City water and sewer service are provided, and the unit is located within a meticulously maintained building. The configuration supports a range of business uses for an owner-occupant or investor.
The property is located in a Westend area of Billings with convenient access to I-90. The public remarks note proximity to major retail and home improvement anchors, including Home Depot and Lowe’s, along with other amenities.
City water and sewer service are provided, and the unit is located within a meticulously maintained building. The configuration supports a range of business uses for an owner-occupant or investor.
Key Highlights
- 2,929 SF industrial condo/flex space (Unit A) with temperature‑controlled warehouse/shop plus office and retail areas
- 14’ pull‑through overhead door for warehouse/shop access
- Additional 1,900 SF mezzanine for storage or expansion
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 | $38.7k | $13.20 |
| − Vacancy | −$3.5k | −$1.19 |
| EGI | $35.2k | $12.01 |
| − OpEx | −$12.3k | −$4.20 |
| NOI | $22.9k | $7.81 |
2,929 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$326.7K
$285.9K – $381.2K
NOI $22,869 @ 7.0% cap · market cap 5.86%
Second Best
Warehouse
$273.4K
$239.2K – $318.9K
NOI $19,135 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$639.1K
$559.2K – $745.6K
NOI $44,736 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bad Boys Cycles ...
Auto Repair Shop
Vision Beyond Borders
Charitable Organization
Diebold Inc
Security Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial condo flex space with temperature-controlled warehouse/shop, office and retail areas, and an added mezzanine.
Where is this flex space located?
The property is located at 2697 Enterprise Avenue Billings, MT.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,929 SF industrial condo/flex space (Unit A) with temperature‑controlled warehouse/shop plus office and retail areas; 14’ pull‑through overhead door for warehouse/shop access; Additional 1,900 SF mezzanine for storage or expansion
