Flex Space with
720 Black Hawk Street, Billings, MT 59106
For Sale
$292,900
A finished workspace pairs an overhead door with built-in kitchenette and storage.
Property Size1,850 SF
Price / SF$158.32
Days on Market9
Property Features for 720 Black Hawk Street
General Information
Standard status
Size
Site & Location
Neighborhood
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
Waldron & Associates
Listed By:
Shelby Waldron · License #10838
(406) 698-7122
Source:
Exprealty
Added: Oct 30
Changed: Nov 4
Last Checked: Nov 6 at 11:47AM
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 Waldron & Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit H5 at 720 Black Hawk Street in Billings offers 1,850 square feet of flex space. A structural steel mezzanine adds a second level, while the interior includes a kitchenette, storage center, and finished ADA restroom. The unit also has a high-clearance overhead door and interior lighting.
Key Highlights
- 1,850‑square‑foot flex space at 720 Black Hawk Street, Unit H5
- Structural steel mezzanine level
- Built‑in kitchenette and storage center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,444
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,880
$288.9K
Cap Rate 7%
$206,343
$206.3K
Cap Rate 9%
$160,489
$160.5K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$24.4K $13.20/SF
− Vacancy
−$2.2K −$1.19/SF
EGI
$22.2K $12.01/SF
− OpEx
−$7.8K −$4.20/SF
NOI
$14.4K $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%
$288,880
Cap Rate 7%
$206,343
Cap Rate 9%
$160,489
Alternative Uses
Best Use
Flex RnD
$206.3K
$180.6K – $240.7K
NOI $14,444 @ 7.0% cap · market cap 4.93%
Second Best
Industrial
$152.3K
$133.3K – $177.7K
NOI $10,664 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$403.7K
$353.2K – $470.9K
NOI $28,256 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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
$483,100
Median Home Value
Market
Average Price Trend$/SF for Flex space in Billings, MT
Properties on Market for Flex space in Billings
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A finished workspace pairs an overhead door with built-in kitchenette and storage.
Where is this flex space located?
The property is located at 720 Black Hawk Street Billings, MT.
What is the asking price?
The asking price for this property is $292,900.
What are key features of this property?
This property features: 1,850‑square‑foot flex space at 720 Black Hawk Street, Unit H5; Structural steel mezzanine level; Built‑in kitchenette and storage center
