Flex Industrial
751 South 18th Street West, Billings, MT 59102
For Sale
$2,990,000
Adaptable office and training improvements support administrative, collaborative, and customer-facing functions.
Property Size30,000 SF
Days on Market60
Property Features for 751 South 18th Street West
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Ben Linkenhoker · License MT RRE-RBS-LIC-126856
(406) 369-0815
Source:
Cbcmontana
Added: Sep 16
Changed: Nov 4
Last Checked: Nov 12 at 6:38AM
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 Coldwell Banker Commercial CBS
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Investment Insights
Based on property information with market context.
This 30,000 SF flex industrial facility combines a modern office environment with dedicated training and collaboration capabilities. The interior includes an open classroom-style area, high ceilings, recessed LED lighting, neutral finishes, and a layout that can accommodate staff workstations. Conference and training functions are supported by a projector setup, while a break area with kitchenette serves the office component. Class A men's and women's restrooms and professionally finished entry and common areas complete the front-office improvements.
The property is located at 751 South 18th Street West in Billings, Montana. Its office and training configuration provides a range of functional areas within the larger flex-space format, including administrative workspace, meeting areas, employee amenities, and customer-facing space.
The property is located at 751 South 18th Street West in Billings, Montana. Its office and training configuration provides a range of functional areas within the larger flex-space format, including administrative workspace, meeting areas, employee amenities, and customer-facing space.
Key Highlights
- 30,000 SF flex industrial facility
- Open training and classroom area with projector setup
- High ceilings with recessed LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,234
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,684,680
$4.7M
Cap Rate 7%
$3,346,200
$3.3M
Cap Rate 9%
$2,602,600
$2.6M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$396.0K $13.20/SF
− Vacancy
−$35.6K −$1.19/SF
EGI
$360.4K $12.01/SF
− OpEx
−$126.1K −$4.20/SF
NOI
$234.2K $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%
$4,684,680
Cap Rate 7%
$3,346,200
Cap Rate 9%
$2,602,600
Alternative Uses
Best Use
Flex RnD
$3.35M
$2.93M – $3.90M
NOI $234,234 @ 7.0% cap · market cap 7.83%
Second Best
Warehouse
$2.80M
$2.45M – $3.27M
NOI $195,993 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$6.55M
$5.73M – $7.64M
NOI $458,208 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 59102, MT
48,133
Population
22,706
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,209
Density / Sq Mi
$75,140
Median Household Income
$43,203
Median Earnings
$1,148
Median Rent
$307,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Adaptable office and training improvements support administrative, collaborative, and customer-facing functions.
Where is this flex space located?
The property is located at 751 South 18th Street West Billings, MT.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: 30,000 SF flex industrial facility; Open training and classroom area with projector setup; High ceilings with recessed LED lighting
