Flex Space with Covered Loading
For Sale
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717 Wagon Trail W, Billings, MT 59106
Warehouse and office areas are planned with multiple overhead doors and paved site access.
Property Size11,025 SF
Lot Size1.07 Acres
Price / SF$1.12
Days on Market9
Property Features for 717 Wagon Trail W
General Information
Standard status
Active
Size
11,025 SF
Lot size
1.07 Acres
Site & Location
Neighborhood
West Shiloh
Amenities
spacious warehouse areas
dedicated office space
multiple overhead doors
covered loading dock
paved parking and access areas
Listing Agency:
Meridian Real Estate LLC
(406) 671-6955
Listed By:
Brandon Reiter · License #RRE-RBS-LIC-137932
(406) 794-3000
Source:
Patschindele
Added: Oct 24
Changed: Oct 25
Last Checked: Nov 1 at 5:20AM
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 Meridian Real Estate LLC
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Investment Insights
Based on property information with market context.
This flex property is under construction on approximately 1.07 acres, with warehouse and dedicated office areas. Planned features include multiple overhead doors, a covered loading dock, and paved parking and access areas. Configurations of 3000 SF, 8025 SF, or 11025 SF are described.
The property is at 717 Wagon Trail W in West King Commercial Park, within Billings’ west-end commercial and industrial corridor.
The property is at 717 Wagon Trail W in West King Commercial Park, within Billings’ west-end commercial and industrial corridor.
Key Highlights
- Three configuration options: 3000 SF, 8025 SF, or 11025 SF
- Approximately 1.07 acres in West King Commercial Park
- Warehouse space with dedicated office areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,554
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,080
$1.3M
Cap Rate 7%
$907,914
$907.9K
Cap Rate 9%
$706,156
$706.2K
Market Conditions
NOI Build-Up for 11,025 SF
Gross rent
$99.2K $9.00/SF
− Vacancy
−$8.4K −$0.77/SF
EGI
$90.8K $8.24/SF
− OpEx
−$27.2K −$2.47/SF
NOI
$63.6K $5.76/SF
Area
Billings, MT
Vacancy
8.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,080
Cap Rate 7%
$907,914
Cap Rate 9%
$706,156
Alternative Uses
Best Use
Flex RnD
$1.23M
$1.08M – $1.43M
NOI $86,081 @ 7.0% cap · market cap 694.20%
Second Best
Warehouse
$1.03M
$900.3K – $1.20M
NOI $72,027 @ 7.0% cap · market cap 580.86%
Theoretical Best
Office A
$2.41M
$2.10M – $2.81M
NOI $168,391 @ 7.0% cap · market cap 1,357.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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 - Warehouse and office areas are planned with multiple overhead doors and paved site access.
Where is this flex space located?
The property is located at 717 Wagon Trail W Billings, MT.
What are key features of this property?
This property features: Three configuration options: 3000 SF, 8025 SF, or 11025 SF; Approximately 1.07 acres in West King Commercial Park; Warehouse space with dedicated office areas
