Shop Flex Unit with Fenced
5229 King Ave W Billings, MT 59106
New
5229 King Ave W, Billings, MT, 59106
$268,200
For Sale
$268,200
Flex shop and office space includes a fenced yard, 16-foot side walls, and a 14-foot overhead door.
Property Size1,800 SF
Price / SF$149
Days on Market2
Property Features for 5229 King Ave W
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Industrial - Flex - Industrial
Listing agency
Coldwell Banker Commercial CBS
(406) 570-8961
Listed by
Todd Sherman · License #54530
Source
Commercialcafe
Added: Jul 20 Updated: Jul 21 at 2:20AM Checked: Jul 21 at 3:47AM
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 for-sale flex unit combines a shop area with finished office space and a private restroom. The interior is built with insulated walls finished in durable metal panels. Vehicle and equipment access is supported by 16-foot side walls and a 14-foot overhead door, with an additional separate walk-in pedestrian door for daily entry.
The unit also includes a 1,200-square-foot fenced yard. Utilities are provided by an onsite private well along with a cistern and septic system, and the space is heated with gas.
The property is designated for Community Commercial use. Convenient access is noted to King Avenue West and Interstate 90.
The unit also includes a 1,200-square-foot fenced yard. Utilities are provided by an onsite private well along with a cistern and septic system, and the space is heated with gas.
The property is designated for Community Commercial use. Convenient access is noted to King Avenue West and Interstate 90.
Key Highlights
- 1,800 SF shop and flex space at 5229 King Ave W, Unit C3, plus a 1,200 SF fenced yard
- 16‑foot side walls and a 14‑foot overhead door for equipment and large vehicle access
- Insulated interior walls finished with durable metal panels, plus a finished office and private restroom
Local Financial Insights For Office B
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 | $31.3k | $17.40 |
| − Vacancy | −$5.0k | −$2.78 |
| EGI | $26.3k | $14.62 |
| − OpEx | −$6.6k | −$3.65 |
| NOI | $19.7k | $10.96 |
1,800 SF · lease $17.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$281.9K
$246.7K – $328.9K
NOI $19,732 @ 7.0% cap · market cap 7.36%
Second Best
Flex RnD
$200.8K
$175.7K – $234.2K
NOI $14,054 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$392.7K
$343.7K – $458.2K
NOI $27,492 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Black Ice Automotive
Auto Repair Shop
Aldinger Plumbing & Heating
Plumbing Service
Big Sky Custom ...
Construction Company
Royalty Diesel LLC
Auto Repair Shop
Advanced Construction
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex shop and office space includes a fenced yard, 16-foot side walls, and a 14-foot overhead door.
Where is this flex space located?
The property is located at 5229 King Ave W Billings, MT.
What is the asking price?
The asking price for this property is $268,200.
What are key features of this property?
This property features: 1,800 SF shop and flex space at 5229 King Ave W, Unit C3, plus a 1,200 SF fenced yard; 16‑foot side walls and a 14‑foot overhead door for equipment and large vehicle access; Insulated interior walls finished with durable metal panels, plus a finished office and private restroom
