6-Unit Flex
For Sale
$1,950,000
6508-6512 Wagon Trail, Billings, MT 59106
Two steel buildings offer divided flex space with overhead access, bathrooms, and cistern and septic systems.
Property Size16,800 SF
Price / SF$116.07
Days on Market90
Property Features for 6508-6512 Wagon Trail
General Information
Standard status
Active
Size
16,800 SF
Property subtype
Office
Site & Location
Neighborhood
West Shiloh
Additional Details
Clear Height
16 ft
Property Use
Flex Warehouse
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:
Huskeygroup
Added: Aug 3
Changed: Oct 26
Last Checked: Oct 31 at 4:16PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises two pre-engineered steel flex warehouse buildings, each measuring 8,400 square feet and divided into three units. Each building has bathrooms, three overhead doors, three man doors, and 16-foot ceilings. One unit is currently occupied by the owner; units 6512 B&C include living quarters.
The buildings sit on separate lots, with 0.532 acres per building. Cisterns and septic tanks serve the property.
The buildings sit on separate lots, with 0.532 acres per building. Cisterns and septic tanks serve the property.
Key Highlights
- Two buildings, each with 8,400 square feet and three units
- 0.532 acres per building, on two lots
- Three 12X14 overhead doors and three 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Two steel buildings offer divided flex space with overhead access, bathrooms, and cistern and septic systems.
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 buildings, each with 8,400 square feet and three units; 0.532 acres per building, on two lots; Three 12X14 overhead doors and three man doors per building
