Flex Space with Shop
For Sale
Contact for pricing
5044 Midland, Billings, MT 59101
Upstairs office space is paired with shop bays in a multi-tenant building.
Property Size2,200 SF
Price / SF$1.91
Days on Market15
Property Features for 5044 Midland
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Commercial
Site & Location
Neighborhood
East Central
Amenities
0.00
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
THE Agency Montana
Listed By:
Lauren Bond · License #RRE-BRO-LIC-54002
(406) 294-2133
Source:
Clearwaterproperties
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 30 at 10:22AM
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 THE Agency Montana
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1980-built flex property combines an upstairs office area with two shop bays in a multi-tenant building. The office measures 2,200 square feet, and the bays each measure 20 by 75 feet. The bays are located in the middle of the building and have a single overhead door.
Key Highlights
- 2,200‑square‑foot office area located upstairs
- Two shop bays, each measuring 20x75 feet
- Middle‑position bays with a single overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,682
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,640
$253.6K
Cap Rate 7%
$181,171
$181.2K
Cap Rate 9%
$140,911
$140.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$19.8K $9.00/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$18.1K $8.24/SF
− OpEx
−$5.4K −$2.47/SF
NOI
$12.7K $5.76/SF
Area
Billings, MT
Vacancy
8.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,640
Cap Rate 7%
$181,171
Cap Rate 9%
$140,911
Alternative Uses
Best Use
Office B
$344.5K
$301.5K – $401.9K
NOI $24,116 @ 7.0% cap · market cap 574.19%
Second Best
Flex RnD
$245.4K
$214.7K – $286.3K
NOI $17,177 @ 7.0% cap · market cap 408.98%
Theoretical Best
Office A
$480.0K
$420.0K – $560.0K
NOI $33,602 @ 7.0% cap · market cap 800.05%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Balanced
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Up In Smoke BBQ — 11 Mac Arthur Ave, Billings, MT 59101
Frequently Asked Questions
What type of property is this?
Flex space - Upstairs office space is paired with shop bays in a multi-tenant building.
Where is this flex space located?
The property is located at 5044 Midland Billings, MT.
What are key features of this property?
This property features: 2,200‑square‑foot office area located upstairs; Two shop bays, each measuring 20x75 feet; Middle‑position bays with a single overhead door
