Flex Space with Live-Work
For Sale
Contact for pricing
3642 S 56th St W, Billings, MT 59101
Modern commercial property with frontage road access, county zoning, and flexible month-to-month tenancy.
Property Size5,000 SF
Lot Size1.37 Acres
Price / SF$119
Days on Market95
Property Features for 3642 S 56th St W
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.37 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2020
Listing Agency:
NAI Business Properties
(406) 256-5000
Listed By:
Ethan Kanning · License #RRE-RBS-LIC-45682
(406) 672-0435
Source:
Moodyscre
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 28 at 9:48AM
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 NAI Business Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes a modern 5,000 SF shop configured into 4 units and built in 2020. The property also includes an on-site residence, creating a live-work configuration. Month-to-month tenants provide flexible income and occupancy terms.
The property encompasses ±1.37 acres outside the Billings city limits, with I-90 frontage road access and visibility. Broad county zoning supports the property’s existing commercial configuration and provides a practical setting for future site planning.
The property encompasses ±1.37 acres outside the Billings city limits, with I-90 frontage road access and visibility. Broad county zoning supports the property’s existing commercial configuration and provides a practical setting for future site planning.
Key Highlights
- Modern 5,000 SF shop built in 2020
- 4‑unit configuration with on‑site residence
- ±1.37 acres outside city limits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,300
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,000
$966.0K
Cap Rate 7%
$690,000
$690.0K
Cap Rate 9%
$536,667
$536.7K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$84.0K $16.80/SF
− Vacancy
−$6.7K −$1.34/SF
EGI
$77.3K $15.46/SF
− OpEx
−$29.0K −$5.80/SF
NOI
$48.3K $9.66/SF
Area
Billings, MT
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,000
Cap Rate 7%
$690,000
Cap Rate 9%
$536,667
Alternative Uses
Best Use
Office B
$783.0K
$685.1K – $913.5K
NOI $54,810 @ 7.0% cap · market cap 9.21%
Second Best
Mixed Use
$690.0K
$603.8K – $805.0K
NOI $48,300 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$1.09M
$954.6K – $1.27M
NOI $76,368 @ 7.0% cap · market cap 12.83%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
51
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Modern commercial property with frontage road access, county zoning, and flexible month-to-month tenancy.
Where is this flex space located?
The property is located at 3642 S 56th St W Billings, MT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Modern 5,000 SF shop built in 2020; 4‑unit configuration with on‑site residence; ±1.37 acres outside city limits
