New Construction Shop
2777 S 56th St W Billings, MT 59106
2777 S 56th St W, Billings, MT, 59106
$4,100,000
For Sale
$4,100,000
Brand-new 30,000 SF shop and warehouse built for industrial use.
Property Size30,000 SF
Price / SF$136.67
Days on Market50
Property Features for 2777 S 56th St W
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Property subtype
- Industrial
Listing agency
Coldwell Banker Commercial CBS
(406) 781-6889
Listed by
Nathan Matelich, SIOR, CCIM · License #MT #RRE-RBS-LIC-45092
(406) 781-6889
Source
Cbcmontana
Added: Jun 3 Updated: Jul 22 at 8:07AM Checked: Jul 22 at 8:07AM
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.
This new construction shop/warehouse totals approximately 30,000 SF and is designed to support industrial operations. The facility is being offered for sale.
The property is located at 2777 S 56th St W in Billings, MT, and presents a purpose-built layout for warehouse and shop activities.
No additional site, tenant, or amenity details were provided with the listing information.
The property is located at 2777 S 56th St W in Billings, MT, and presents a purpose-built layout for warehouse and shop activities.
No additional site, tenant, or amenity details were provided with the listing information.
Key Highlights
- 30,000 SF brand‑new shop/warehouse built for industrial use
- New construction shop/warehouse designed for industrial operations
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 | $396.0k | $13.20 |
| − Vacancy | −$35.6k | −$1.19 |
| EGI | $360.4k | $12.01 |
| − OpEx | −$126.1k | −$4.20 |
| NOI | $234.2k | $7.81 |
30,000 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$3.35M
$2.93M – $3.90M
NOI $234,234 @ 7.0% cap · market cap 5.71%
Second Best
Industrial
$2.47M
$2.16M – $2.88M
NOI $172,935 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$6.55M
$5.73M – $7.64M
NOI $458,208 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Brand-new 30,000 SF shop and warehouse built for industrial use.
Where is this flex space located?
The property is located at 2777 S 56th St W Billings, MT.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 30,000 SF brand‑new shop/warehouse built for industrial use; New construction shop/warehouse designed for industrial operations
