Four-Unit Flex
New
For Sale
$1,125,000
6822 Cowgirl Way, Billings, MT 59106
CommercialSale, Billings, MT
Property Size10,800 SF
Lot Size1.48 Acres
Price / SF$104.17
Days on Market2
Property Features for 6822 Cowgirl Way
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Un-zoned
Parking features
Paved or Surfaced, Parking Lot
Subdivision
Cowboy Country Acres
Standard status
Active
APN
C17130
Size
10,800 SF
Lot size
1.48 Acres
Taxes and HOA fees
Tax Description
Lot 2, Block 2, Cowboy Country Acre Subdivision
Tax Annual Amount
9753
Legal Description
Lot 2, Block 2, Cowboy Country Acre Subdivision
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Electric (Heating), Natural Gas
Water source
Well
Building Details
Year built
2024
Floors in Building
1
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Western Skies Real Estate
(406) 591-5889
Listed By:
Mandie Day · License #RRE-RBS-LIC-14789
(406) 671-9715
Added: Oct 14
Last Checked: Oct 15 at 11:06AM
MLS# 362292
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.
Built in 2024, this 10,800-square-foot flex property contains four units: Units A and D are 3,000 square feet each, while Units B and C are 2,400 square feet each. Every unit has a 14' x 14' overhead door, a private 14' x 14' office, 16-foot ceilings, and a natural gas overhead shop heater. Electric heat serves the office areas, and two restrooms are shared among the units.
The building sits on a 1.48-acre site with a large gravel lot and paved parking. Water is supplied by a community well, and the property uses a septic system. Tenants are responsible for their own gas, electric, garbage, and internet service.
The building sits on a 1.48-acre site with a large gravel lot and paved parking. Water is supplied by a community well, and the property uses a septic system. Tenants are responsible for their own gas, electric, garbage, and internet service.
Key Highlights
- Four flex units total 10,800 square feet; Units A and D are 3,000 square feet each, and Units B and C are 2,400 square feet each
- Each unit has a 14' x 14' overhead door and a private 14' x 14' office
- 16‑foot ceilings and natural gas overhead shop heaters in each unit
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Four separately configured shop spaces include private offices, overhead doors, and shared restrooms.
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: Four flex units total 10,800 square feet; Units A and D are 3,000 square feet each, and Units B and C are 2,400 square feet each; Each unit has a 14' x 14' overhead door and a private 14' x 14' office; 16‑foot ceilings and natural gas overhead shop heaters in each unit
