Flex Space with Steel
New
For Sale
$292,900
720 Black Hawk Street, Billings, MT 59106
CommercialSale, Billings, MT
Property Size1,850 SF
Price / SF$158.32
Days on Market1
Property Features for 720 Black Hawk Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Un-zoned
Subdivision
Westfield Warehouses 17
Standard status
Active
APN
C16616J
Size
1,850 SF
Additional Details
Property Use
Shop
Taxes and HOA fees
Tax Description
WESTFIELD WAREHOUSES (17), S07, T01 S, R25 E, UNIT H5, 1.923% COMMON AREA INTEREST, LOC @ LT 2-3 BLK 3 & LTS 6-7 BLK 4 WEST KING COMMERCIAL PARK SUB
Tax Annual Amount
2087
Legal Description
WESTFIELD WAREHOUSES (17), S07, T01 S, R25 E, UNIT H5, 1.923% COMMON AREA INTEREST, LOC @ LT 2-3 BLK 3 & LTS 6-7 BLK 4 WEST KING COMMERCIAL PARK SUB
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Amenities
kitchenette/storage center
ADA restroom
Building Details
Year built
2017
Floors in Building
1
Roof type
Metal
Listing Agency:
Waldron & Associates
Listed By:
Shelby Waldron · License #RRE-BRO-LIC-10838
(406) 698-7122
Added: Oct 30
Last Checked: Oct 30 at 9:06PM
MLS# 362617
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.
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Investment Insights
Based on property information with market context.
Unit H5 at 720 Black Hawk Street is an 1,850-square-foot flex space built in 2017. Its interior includes a structural steel mezzanine, a kitchenette with storage, and a finished ADA restroom. The unit also has a high-clearance overhead door and natural gas heating.
The property has a metal roof and septic service.
The property has a metal roof and septic service.
Key Highlights
- 1,850 square feet
- Built in 2017
- Structural steel mezzanine
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
69
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 - A finished commercial unit includes a kitchenette, storage, and an ADA-compliant restroom.
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 feet; Built in 2017; Structural steel mezzanine
