Multi-Unit Flex
For Sale
$1,950,000
6508-6512 Wagon Trail, Billings, MT 59106
Two steel buildings provide six commercial units with bathrooms and flexible work areas.
Property Size16,800 SF
Price / SF$116.07
Days on Market65
Property Features for 6508-6512 Wagon Trail
General Information
Standard status
Active
Size
16,800 SF
Property subtype
Office
Additional Details
Clear Height
16 ft
Taxes and HOA fees
Annual Taxes
$14,398
Building Details
Building Size
16,800 SF
Year Built
2016
Buildings
2
Construction
Pre-engineered Steel
Listing Agency:
U Bar S Real Estate
Listed By:
Carlos Davey · License #14186
(406) 652-1151
Source:
Careychapman
Added: Aug 3
Changed: Sep 25
Last Checked: Oct 5 at 9:17PM
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 U Bar S Real Estate
Investment Insights
Based on property information with market context.
This flex-space offering includes two pre-engineered steel buildings, each measuring 8,400 square feet and containing three units with bathrooms. Each building has three overhead doors, three man doors, and 16-foot ceilings. The improvements were constructed in 2016 and are situated on separate lots measuring 0.532 acres per building. Cistern and septic tank systems serve the property.
Located at 6508-6512 Wagon Trail in Billings, Montana, the property includes a six-unit configuration across the two buildings. One unit is currently used by the owner, and unit 6512 B&C includes living quarters.
Located at 6508-6512 Wagon Trail in Billings, Montana, the property includes a six-unit configuration across the two buildings. One unit is currently used by the owner, and unit 6512 B&C includes living quarters.
Key Highlights
- Two 8,400‑square‑foot buildings on separate 0.532‑acre lots
- Six total units, with three units in each building
- Three 12X14 overhead doors and 3 man doors per building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,171
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,623,420
$2.6M
Cap Rate 7%
$1,873,871
$1.9M
Cap Rate 9%
$1,457,456
$1.5M
Market Conditions
NOI Build-Up for 16,800 SF
Gross rent
$221.8K $13.20/SF
− Vacancy
−$20.0K −$1.19/SF
EGI
$201.8K $12.01/SF
− OpEx
−$70.6K −$4.20/SF
NOI
$131.2K $7.81/SF
Area
Billings, MT
Vacancy
9.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,623,420
Cap Rate 7%
$1,873,871
Cap Rate 9%
$1,457,456
Alternative Uses
Best Use
Flex RnD
$1.87M
$1.64M – $2.19M
NOI $131,171 @ 7.0% cap · market cap 6.73%
Second Best
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,756 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,596 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two steel buildings provide six commercial units with bathrooms and flexible work areas.
Where is this flex space located?
The property is located at 6508-6512 Wagon Trail Billings, MT.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two 8,400‑square‑foot buildings on separate 0.532‑acre lots; Six total units, with three units in each building; Three 12X14 overhead doors and 3 man doors per building
