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    Shop and Flex Building with Yard Title is generated by Realmo AI

    5229 King Ave W Unit C3, Billings, MT 59106

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    Claim this Listing
    New
    For Sale
    $268,200

    A versatile flex shop with a fenced yard, finished office, and large overhead door for light commercial or industrial use.

    Type:Industrial
    Property size:
    1,800 SF
    Price / SF:
    $149/SF
    Added:
    Jun 24, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 25 at 8:58 pm

    Property Features for 5229 King Ave W Unit C3

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2014

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    Todd Sherman
    Todd Sherman

    Listing office Coldwell Banker Commercial CBS

    Listing date Jun 24, 2026

    Source Cbcmontana

    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

    HighLights

    • 1,800 SF shop and flex building built in 2014 in a growing commercial area of Billings
    • Finished office space with a private restroom
    • 16‑ft side walls and a 14‑ft overhead door for large vehicle or equipment access
    • Includes a 1,200 SF fenced yard
    • Insulated interior walls with durable metal finish, plus interior gas heating
    • Community Commercial zoning; includes water supply well, and water/sewer provided by cistern & septic

    Overview

    This well-equipped shop and flex building offers a practical mix of workspace and finished office. The property includes insulated interior walls with a durable metal finish, a finished office area with a private restroom, and interior gas heating for year-round comfort. Vehicle and equipment access is supported by a 14-foot overhead door, while 16-foot side walls provide added vertical clearance. Pedestrian access is available through a separate walk-in door, and the building is equipped with a well for water supply. Water and sewer service are provided by cistern and septic, supporting self-contained operations. A fenced 1,200-square-foot yard is included for outside storage or work staging.

    Located at 5229 King Ave W, Unit C3 in Billings, the property is positioned in a growing commercial area. The offering is presented as a 1,800-square-foot unit configured for flex-style users who need both functional shop space and an office component.

    Zoned for Community Commercial use, this facility is suited for a range of light commercial and light industrial needs that benefit from yard storage, overhead loading, and on-site office space. Buyers looking for a self-sufficient property with dedicated office amenities and dependable building access will find the layout well-matched to day-to-day operations.

    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 (±1% cap)
    NOI $19,732 @ 7.0% cap · market cap 7.36%
    Second Best
    Flex RnD
    $200.8K
    $175.7K – $234.2K (±1% cap)
    NOI $14,054 @ 7.0% cap · market cap 5.24%
    Theoretical Best
    Office A
    $392.7K
    $343.7K – $458.2K (±1% cap)
    NOI $27,492 @ 7.0% cap · market cap 10.25%
    Zoning and permitted uses should be independently verified with local authorities.
    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

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom Storage Facility Garden Center Discount Store Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.650916
    Latitude
    45.7555948

    FAQs

    What type of property is this?
    Flex space - A versatile flex shop with a fenced yard, finished office, and large overhead door for light commercial or industrial use.
    Where is this flex space located?
    The property is located at 5229 King Ave W Unit C3 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 building built in 2014 in a growing commercial area of Billings; Finished office space with a private restroom; 16‑ft side walls and a 14‑ft overhead door for large vehicle or equipment access
    More about this property
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