Three-Unit Flex
New
For Sale
$1,100,000
6512 Wagon Trail, Billings, MT 59106
The 8,400-square-foot building has separate unit occupancy, with the owner using Unit A and one tenant in Units B and C.
Property Size8,400 SF
Lot Size0.53 Acres
Price / SF$130.95
Days on Market5
Property Features for 6512 Wagon Trail
General Information
Standard status
Active
Size
8,400 SF
Lot size
0.53 Acres
Additional Details
Clear Height
16 ft
Building Details
Construction
Pre-engineered Steel
Listing Agency:
U Bar S Real Estate
Listed By:
Carlos Davey · License #14186
(406) 652-1151
Source:
Patschindele
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 6:42PM
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.
At 6512 Wagon Trail in Billings, this 8,400-square-foot flex warehouse occupies a 0.532-acre lot. The pre-engineered steel building is configured as three units, each with a bathroom, and has three overhead doors measuring 12 by 14 feet, three man doors, and 16-foot ceilings. Cistern and septic systems serve the property.
The owner uses Unit A, while a single tenant occupies Units B and C, which include living quarters.
The owner uses Unit A, while a single tenant occupies Units B and C, which include living quarters.
Key Highlights
- 8,400‑square‑foot flex warehouse on a 0.532‑acre lot
- Three units, each with a bathroom
- Three 12‑by‑14‑foot overhead doors and three man doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,586
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,720
$1.3M
Cap Rate 7%
$936,943
$936.9K
Cap Rate 9%
$728,733
$728.7K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$110.9K $13.20/SF
− Vacancy
−$10.0K −$1.19/SF
EGI
$100.9K $12.01/SF
− OpEx
−$35.3K −$4.20/SF
NOI
$65.6K $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%
$1,311,720
Cap Rate 7%
$936,943
Cap Rate 9%
$728,733
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
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - The 8,400-square-foot building has separate unit occupancy, with the owner using Unit A and one tenant in Units B and C.
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 warehouse on a 0.532‑acre lot; Three units, each with a bathroom; Three 12‑by‑14‑foot overhead doors and three man doors
