Flex Space with Overhead
New
For Sale
$1,100,000
6512 Wagon Trail, Billings, MT 59106
SINGLE_FAMILY - Billings, MT
Property Size8,400 SF
Lot Size0.50 Acres
Price / SF$130.95
Days on Market4
Property Features for 6512 Wagon Trail
General Information
Property type
Residential
Property subtype
Office
Subdivision
West King Commercial Park Subd
Standard status
Active
APN
C16600
Size
8,400 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Description
WEST KING COMMERCIAL PARK SUB (11), S07, T01 S, R25 E, BLOCK 2, Lot 13
Tax Annual Amount
8128
Legal Description
WEST KING COMMERCIAL PARK SUB (11), S07, T01 S, R25 E, BLOCK 2, Lot 13
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 6:06AM
MLS# 361055
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 property was built in 2016 with pre-engineered steel construction and a three-unit configuration. The building includes three overhead doors measuring 12X14, three man doors, and 16-foot ceilings. Unit A is used by the owner, while Units B and C are occupied by one tenant and include living quarters.
The property is located at 6512 Wagon Trail in Billings, Montana. On-site infrastructure includes cistern and septic tanks, with natural gas heating and septic service. The layout combines warehouse-oriented features with separately configured units, providing a practical commercial format for users requiring enclosed space, overhead access, and additional living quarters.
The property is located at 6512 Wagon Trail in Billings, Montana. On-site infrastructure includes cistern and septic tanks, with natural gas heating and septic service. The layout combines warehouse-oriented features with separately configured units, providing a practical commercial format for users requiring enclosed space, overhead access, and additional living quarters.
Key Highlights
- 8,400‑square‑foot flex property built in 2016
- Pre‑engineered steel construction
- Three units per building
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 improvements include multiple units and overhead doors.
Where is this flex space located?
The property is located at 6512 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 property built in 2016; Pre‑engineered steel construction; Three units per building
