Flex Space with Fenced
For Sale
Contact for pricing
706 Lohwest Ln, Billings, MT 59106
Shop and office improvements include mezzanine storage, pull-through access, and two overhead doors.
Property Size2,400 SF
Price / SF$135.42
Days on Market87
Property Features for 706 Lohwest Ln
General Information
Standard status
Active
Size
2,400 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Office Build-Out
150 SF
Drive-In Doors
2
Listing Agency:
NAI Business Properties
(406) 256-5000
Listed By:
Ethan Kanning · License #RRE-RBS-LIC-45682
(406) 672-0435
Source:
Moodyscre
Added: Jul 28
Changed: Oct 10
Last Checked: Oct 21 at 12:32AM
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
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Investment Insights
Based on property information with market context.
Located at 706 Lohwest Lane in Billings, Montana, this 2,400-square-foot flex property combines shop and office functionality. The layout includes a 150-square-foot office, additional mezzanine storage, and a full pull-through configuration suited to vehicle and equipment movement.
Two overhead doors provide loading access, while the 45-by-30-foot fenced yard adds secured exterior space for operational use. The property offers a practical combination of enclosed workspace, administrative area, storage, and fenced outdoor area within a single commercial facility.
Two overhead doors provide loading access, while the 45-by-30-foot fenced yard adds secured exterior space for operational use. The property offers a practical combination of enclosed workspace, administrative area, storage, and fenced outdoor area within a single commercial facility.
Key Highlights
- 2,400 SF flex property with shop and office configuration
- 150 SF office area plus mezzanine storage
- Full pull‑through layout with two overhead doors
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Shop and office improvements include mezzanine storage, pull-through access, and two overhead doors.
Where is this flex space located?
The property is located at 706 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 flex property with shop and office configuration; 150 SF office area plus mezzanine storage; Full pull‑through layout with two overhead doors
