4-Unit Flex
For Sale
$1,125,000
6822 Cowgirl Way, Billings, MT 59106
Each suite combines a private office with shop space, overhead access, and separate heating.
Property Size10,800 SF
Lot Size1.48 Acres
Price / SF$104.17
Days on Market22
Property Features for 6822 Cowgirl Way
General Information
Standard status
Active
Size
10,800 SF
Lot size
1.48 Acres
Property subtype
Office
Site & Location
Neighborhood
West Shiloh
Additional Details
Clear Height
16 ft
Property Use
Shop/Flex
Taxes and HOA fees
Annual Taxes
$9,753
Building Details
Building Size
10,800 SF
Year Built
2024
Buildings
1
Listing Agency:
Western Skies Real Estate
Listed By:
Mandie Day · License #RRE-RBS-LIC-14789
(406) 671-9715
Source:
Huskeygroup
Added: Oct 9
Changed: Oct 30
Last Checked: Oct 26 at 2:55PM
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 Western Skies Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2024, this 10,800-square-foot flex property is arranged as four units. Units A and D measure 3,000 square feet each, while Units B and C are 2,400 square feet apiece. Every unit has a 14-by-14-foot overhead door, a private 14-by-14-foot office, 16-foot ceilings, and a gas overhead shop heater; electric heat serves the office areas. Two bathrooms are shared among the units.
The 1.48-acre site includes a large gravel lot and community well and septic. The four-suite configuration supports occupancy by one business, multiple tenants, or a combination of owner occupancy and leasing. Outdoor space can accommodate equipment, vehicles, trailers, or materials, as described for the property.
The 1.48-acre site includes a large gravel lot and community well and septic. The four-suite configuration supports occupancy by one business, multiple tenants, or a combination of owner occupancy and leasing. Outdoor space can accommodate equipment, vehicles, trailers, or materials, as described for the property.
Key Highlights
- 10,800‑square‑foot flex building completed in 2024
- Four units: 3,000 square feet each in Units A and D; 2,400 square feet each in Units B and C
- Each unit has a 14' x 14' overhead door, private 14' x 14' office, 16' ceilings, and gas overhead shop heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,324
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,686,480
$1.7M
Cap Rate 7%
$1,204,629
$1.2M
Cap Rate 9%
$936,933
$936.9K
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$142.6K $13.20/SF
− Vacancy
−$12.8K −$1.19/SF
EGI
$129.7K $12.01/SF
− OpEx
−$45.4K −$4.20/SF
NOI
$84.3K $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%
$1,686,480
Cap Rate 7%
$1,204,629
Cap Rate 9%
$936,933
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.41M
NOI $84,324 @ 7.0% cap · market cap 7.50%
Second Best
Warehouse
$1.01M
$882.0K – $1.18M
NOI $70,557 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $164,955 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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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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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Each suite combines a private office with shop space, overhead access, and separate heating.
Where is this flex space located?
The property is located at 6822 Cowgirl Way Billings, MT.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 10,800‑square‑foot flex building completed in 2024; Four units: 3,000 square feet each in Units A and D; 2,400 square feet each in Units B and C; Each unit has a 14' x 14' overhead door, private 14' x 14' office, 16' ceilings, and gas overhead shop heater
