Warehouse Condo with
For Sale
$325,000
702 Lohwest Ln, Billings, MT 59106
2,400 SF shop-office condo with pull-through access, two overhead doors, and a fenced yard in the Lohwest complex.
Property Size2,400 SF
Days on Market110
Property Features for 702 Lohwest Ln
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Industrial
Building Details
Building Size
2,400 SF
Year Built
2009
Listing Agency:
NAI Business Properties
Listed By:
Ethan Kanning · License #RRE-RBS-LIC-45682
(406) 672-0435
Source:
Naiglobal
Added: Jun 18
Changed: Sep 26
Last Checked: Oct 4 at 7:52AM
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 NAI Business Properties
Investment Insights
Based on property information with market context.
This offering includes a 2,400 SF warehouse condo within the Lohwest condo complex. The unit is configured with an approximately 11' x 14' office space, plus bonus mezzanine storage space overhead. A bathroom with a shower is included. The balance of the space is approximately 2,200 SF of shop area.
The unit provides a full pull-through layout with two overhead doors. Outside, it includes fenced yard space measuring 45' x 30', which can support day-to-day staging or equipment storage needs associated with light industrial use.
Located at 702 Lohwest Ln in Billings, this condominium setup is well-suited for owner-operators or tenants who need both a functional shop and dedicated office space in the same unit, along with direct, drive-in access provided by the two overhead doors. Condo living can also be a practical option for businesses seeking a manageable footprint, with an identified 2026 HOA actual of $680 per year.
The unit provides a full pull-through layout with two overhead doors. Outside, it includes fenced yard space measuring 45' x 30', which can support day-to-day staging or equipment storage needs associated with light industrial use.
Located at 702 Lohwest Ln in Billings, this condominium setup is well-suited for owner-operators or tenants who need both a functional shop and dedicated office space in the same unit, along with direct, drive-in access provided by the two overhead doors. Condo living can also be a practical option for businesses seeking a manageable footprint, with an identified 2026 HOA actual of $680 per year.
Key Highlights
- 2,400 SF shop/office condo in the Lohwest condo complex
- 150 SF office space plus bonus mezzanine storage overhead
- Approximately 2,200 SF shop space with a full pull‑through layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,739
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,780
$374.8K
Cap Rate 7%
$267,700
$267.7K
Cap Rate 9%
$208,211
$208.2K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$31.7K $13.20/SF
− Vacancy
−$2.9K −$1.19/SF
EGI
$28.8K $12.01/SF
− OpEx
−$10.1K −$4.20/SF
NOI
$18.7K $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%
$374,780
Cap Rate 7%
$267,700
Cap Rate 9%
$208,211
Alternative Uses
Best Use
Flex RnD
$267.7K
$234.2K – $312.3K
NOI $18,739 @ 7.0% cap · market cap 5.77%
Second Best
Warehouse
$224.0K
$196.0K – $261.3K
NOI $15,679 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$523.7K
$458.2K – $611.0K
NOI $36,657 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
66
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
View Realmo Analytics
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 - 2,400 SF shop-office condo with pull-through access, two overhead doors, and a fenced yard in the Lohwest complex.
Where is this flex space located?
The property is located at 702 Lohwest Ln Billings, MT.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,400 SF shop/office condo in the Lohwest condo complex; 150 SF office space plus bonus mezzanine storage overhead; Approximately 2,200 SF shop space with a full pull‑through layout
