Warehouse with Fenced
For Sale
Contact for pricing
5229 King Ave W, Billings, MT 59106
Warehouse with 1,200 sf fenced yard, 14-foot overhead door, and finished office space with private restroom.
Property Size1,800 SF
Price / SF$149
Days on Market15
Property Features for 5229 King Ave W
General Information
Standard status
Active
Size
1,800 SF
Property subtype
INDUSTRIAL
Zoning
Community Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Listing Agency:
Coldwell Banker Commercial CBS
(406) 570-8961
Listed By:
Todd Sherman · License ##54530
(406) 570-8961
Source:
Moodyscre
Added: Jul 23
Changed: Jul 27
Last Checked: Jul 27 at 11:25PM
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 warehouse includes a 1,200 square foot fenced yard and an insulated interior finished with durable metal. The building has finished office space with a private restroom, interior gas heating, and 16-foot side walls for added vertical space. Vehicle and equipment access is supported by a 14-foot overhead door, along with a separate walk-in door for pedestrian entry.
The property is equipped with a well for water supply, while water and sewer are provided by cistern and septic. It is zoned for Community Commercial use.
The combination of yard storage, office improvements, and large overhead access makes the space well-suited for businesses needing on-site work space and secured outdoor area.
The property is equipped with a well for water supply, while water and sewer are provided by cistern and septic. It is zoned for Community Commercial use.
The combination of yard storage, office improvements, and large overhead access makes the space well-suited for businesses needing on-site work space and secured outdoor area.
Key Highlights
- Warehouse includes a 1,200 SF fenced yard
- 14‑foot overhead door provides large vehicle or equipment access
- Finished office space with a private restroom
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 | $23.8k | $13.20 |
| − Vacancy | −$2.1k | −$1.19 |
| EGI | $21.6k | $12.01 |
| − OpEx | −$7.6k | −$4.20 |
| NOI | $14.1k | $7.81 |
1,800 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$200.8K
$175.7K – $234.2K
NOI $14,054 @ 7.0% cap · market cap 5.24%
Second Best
Warehouse
$168.0K
$147.0K – $196.0K
NOI $11,760 @ 7.0% cap · market cap 4.38%
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 authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59106, MT
20,681
Population
8,164
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
98%
High-School Grad
112.0 sq mi
ZIP Area
185
Density / Sq Mi
$122,374
Median Household Income
$52,380
Median Earnings
$1,380
Median Rent
$483,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse with 1,200 sf fenced yard, 14-foot overhead door, and finished office space with private restroom.
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: Warehouse includes a 1,200 SF fenced yard; 14‑foot overhead door provides large vehicle or equipment access; Finished office space with a private restroom
