Flex Warehouse With Overhead
New
For Sale
$1,100,000
6508 Wagon Trail, Billings, MT 59106
SINGLE_FAMILY - Billings, MT
Property Size8,400 SF
Lot Size0.53 Acres
Price / SF$130.95
Days on Market4
Property Features for 6508 Wagon Trail
General Information
Property type
Residential
Property subtype
Office
Subdivision
West King Commercial Park Subd
Standard status
Active
APN
C16599
Size
8,400 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Description
WEST KING COMMERCIAL PARK SUB (11), S07, T01 S, R25 E, BLOCK 2, Lot 12
Tax Annual Amount
8128
Legal Description
WEST KING COMMERCIAL PARK SUB (11), S07, T01 S, R25 E, BLOCK 2, Lot 12
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Building Details
Year built
2016
Floors in Building
1
Listing Agency:
U Bar S Real Estate
(406) 652-1151
Listed By:
Carlos Davey · License #14186
(406) 652-1151
Added: Aug 3
Last Checked: Aug 6 at 7:06AM
MLS# 361056
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8,400-square-foot flex warehouse was built in 2016 with pre-engineered steel construction and a 16-foot ceiling height. The property contains three units, each with bathrooms, along with three overhead doors measuring 12X14 and three man doors. Unit A is vacant, while Units B and C are occupied by one tenant, creating a mix of available and leased space.
The property occupies 0.532 acres in Billings, Montana, and is served by natural gas heat, a cistern, and septic tanks. Its configuration combines warehouse functionality with divisible unit space for commercial users requiring overhead-door access and interior ceiling clearance.
The property occupies 0.532 acres in Billings, Montana, and is served by natural gas heat, a cistern, and septic tanks. Its configuration combines warehouse functionality with divisible unit space for commercial users requiring overhead-door access and interior ceiling clearance.
Key Highlights
- 8,400‑square‑foot flex warehouse on 0.532 acres
- Three units with bathrooms; Unit A vacant and Units B and C occupied by one tenant
- Pre‑engineered steel construction completed in 2016
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 | $110.9k | $13.20 |
| − Vacancy | −$10.0k | −$1.19 |
| EGI | $100.9k | $12.01 |
| − OpEx | −$35.3k | −$4.20 |
| NOI | $65.6k | $7.81 |
8,400 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$936.9K
$819.8K – $1.09M
NOI $65,586 @ 7.0% cap · market cap 5.96%
Second Best
Warehouse
$784.0K
$686.0K – $914.6K
NOI $54,878 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,298 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
103
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 - Pre-engineered steel flex space with multiple units, bathrooms, and a combination of occupied and vacant space.
Where is this flex space located?
The property is located at 6508 Wagon Trail Billings, MT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8,400‑square‑foot flex warehouse on 0.532 acres; Three units with bathrooms; Unit A vacant and Units B and C occupied by one tenant; Pre‑engineered steel construction completed in 2016
