Live-Work Property with
7230 Eggebrecht Lane, Billings, MT 59106
For Sale
$725,000
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 Market47
Property Features for 7230 Eggebrecht Lane
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Fenced Yard
Additional Details
Warehouse Space
Building Details
Building Size
Buildings
Listing Agency:
NAI Business Properties
Listed By:
Tyler Samson · License #RRE-RBS-LIC-25433
(406) 671-8257
Source:
Naiglobal
Added: Sep 24
Last Checked: Nov 8 at 3:08AM
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
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.
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 / Yr
$64,024
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
