Live-Work Property with
New
For Sale
$725,000
7230 Eggebrecht Lane, Billings, MT 59106
A fenced shop yard and a three-bedroom residence provide distinct work and living areas on one property.
Property Size8,200 SF
Lot Size2.40 Acres
Price / SF$88.41
Days on Market2
Property Features for 7230 Eggebrecht Lane
General Information
Standard status
Active
Size
8,200 SF
Lot size
2.40 Acres
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Warehouse Space
5,000 SF
Building Details
Building Size
8,200 SF
Buildings
1
Listing Agency:
NAI Business Properties
Listed By:
Tyler Samson · License #RRE-RBS-LIC-25433
(406) 671-8257
Source:
Naiglobal
Added: Sep 24
Last Checked: Sep 24 at 2:00PM
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.
The live-work property includes an 8,200-square-foot building with a 5,000-square-foot shop and a 3,200-square-foot house. The shop has a fenced yard, two 16-foot overhead doors, an office, a bathroom, a pellet stove, and an air compressor. The residence offers three bedrooms, two bathrooms, and a kitchen with an island and breakfast bar.
The property occupies 2.4 acres outside city limits, combining shop space and residential facilities at 7230 Eggebrecht Lane in Billings, Montana.
The property occupies 2.4 acres outside city limits, combining shop space and residential facilities at 7230 Eggebrecht Lane in Billings, Montana.
Key Highlights
- 8,200‑square‑foot building on 2.4 acres
- 5,000‑square‑foot shop with fenced yard
- Two 16‑foot overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,024
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,280,480
$1.3M
Cap Rate 7%
$914,629
$914.6K
Cap Rate 9%
$711,378
$711.4K
Market Conditions
NOI Build-Up for 8,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$108.2K $13.20/SF
− Vacancy
−$9.7K −$1.19/SF
EGI
$98.5K $12.01/SF
− OpEx
−$34.5K −$4.20/SF
NOI
$64.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,280,480
Cap Rate 7%
$914,629
Cap Rate 9%
$711,378
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.50M
NOI $89,888 @ 7.0% cap · market cap 12.40%
Second Best
Mixed Use
$1.13M
$990.2K – $1.32M
NOI $79,212 @ 7.0% cap · market cap 10.93%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,244 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
23
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - A fenced shop yard and a three-bedroom residence provide distinct work and living areas on one property.
Where is this live-work space located?
The property is located at 7230 Eggebrecht Lane Billings, MT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 8,200‑square‑foot building on 2.4 acres; 5,000‑square‑foot shop with fenced yard; Two 16‑foot overhead doors
