Flex Space with Attached
New
For Sale
$344,900
TBD unit #4 W Weaver Lane, Red Lodge, MT 59068
CommercialSale, Red Lodge, MT
Property Size11,268 SF
Price / SF$152.07
Days on Market2
Property Features for TBD unit #4 W Weaver Lane
General Information
Property type
Commercial Sale
Property subtype
Office
Property condition
Under Construction
Parking
20
Parking features
Parking Lot
Subdivision
7D
Lot features
Alley
Directions
Head out of Red Lodge on Highway 78 towards Roscoe and turn onto Weaver Lane near the semi-truck trailer sign with elevation storage on the side.
Standard status
Active
APN
7017021
Size
2,268 SF
Taxes and HOA fees
Tax Description
7D SUBDIVISION, S16, T07 S, R20 E, Lot 2, ACRES 1.63, PLAT 2486 AM 1
Tax Annual Amount
4992
Legal Description
7D SUBDIVISION, S16, T07 S, R20 E, Lot 2, ACRES 1.63, PLAT 2486 AM 1
Amenities
clubhouse
wash bay
meeting room
garage
lawn and snow removal
Building Details
Year built
2026
Floors in Building
1
Building materials
MetalSiding, Steel
Roof type
Metal
Listing Agency:
Coldwell Banker The Brokers RL · Coldwell Banker Real Estate
(406) 446-3001
Listed By:
Jacob Skatvold · License #RRE-RBS-LIC-127733
(218) 443-4005
Added: Aug 31
Last Checked: Sep 1 at 12:06AM
MLS# 361580
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit #4 at Elevation Storage is a 2,268-square-foot flex space under construction, with a 30-by-50-foot shop connected to a 24-by-32-foot office unit. The layout includes open workspace, multiple office rooms, a kitchen, and a bathroom. Steel and metal-siding construction is paired with a metal roof, and the property is scheduled for completion in 2026.
Ownership includes access to a shared clubhouse with a wash bay, restrooms, meeting room, and garage. The property also provides parking-lot access, while the POA covers lawn care and snow removal. Located on W Weaver Lane in Red Lodge, Montana, the unit can accommodate professional, recreational, equipment, vehicle, or inventory-related use as described for the project.
Ownership includes access to a shared clubhouse with a wash bay, restrooms, meeting room, and garage. The property also provides parking-lot access, while the POA covers lawn care and snow removal. Located on W Weaver Lane in Red Lodge, Montana, the unit can accommodate professional, recreational, equipment, vehicle, or inventory-related use as described for the project.
Key Highlights
- 2,268‑square‑foot flex space with a 30' x 50' shop and attached 24' x 32' office unit
- Open floor plan with multiple office rooms, kitchen, and bathroom
- Steel and metal‑siding construction with a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,862
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,240
$497.2K
Cap Rate 7%
$355,171
$355.2K
Cap Rate 9%
$276,244
$276.2K
Market Conditions
NOI Build-Up for 2,268 SF
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.
Gross rent
$39.5K $17.40/SF
− Vacancy
−$6.3K −$2.78/SF
EGI
$33.1K $14.62/SF
− OpEx
−$8.3K −$3.65/SF
NOI
$24.9K $10.96/SF
Area
Carbon County, MT
Vacancy
16.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,240
Cap Rate 7%
$355,171
Cap Rate 9%
$276,244
Alternative Uses
Best Use
Office B
$355.2K
$310.8K – $414.4K
NOI $24,862 @ 7.0% cap · market cap 7.21%
Second Best
Flex RnD
$253.0K
$221.4K – $295.1K
NOI $17,708 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$494.9K
$433.0K – $577.4K
NOI $34,641 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59068, MT
3,670
Population
2,967
Households
1.2
Avg Household Size
52
Median Age
47%
College-Educated
99%
High-School Grad
520.9 sq mi
ZIP Area
7
Density / Sq Mi
$63,704
Median Household Income
$33,293
Median Earnings
$795
Median Rent
$413,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Under-construction metal flex space combines an open shop layout with attached office rooms, kitchen, bathroom, and parking-lot access.
Where is this flex space located?
The property is located at TBD unit #4 W Weaver Lane Red Lodge, MT.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: 2,268‑square‑foot flex space with a 30' x 50' shop and attached 24' x 32' office unit; Open floor plan with multiple office rooms, kitchen, and bathroom; Steel and metal‑siding construction with a metal roof
