New Flex Space
For Sale
$113,000
8103 Rosebud Drive Unit 15F, Billings, MT 59106
CommercialSale, Billings, MT
Property Size1,152 SF
Price / SF$98.09
Days on Market294
Property Features for 8103 Rosebud Drive Unit 15F
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
2
Subdivision
Shop World Condos
Directions
King Avenue West to 80th Street. Right on 80th Street W, Left on Stillwater Drive, Complex will be on the Left.
Standard status
Active
APN
C07257V
Size
1,152 SF
Taxes and HOA fees
Tax Description
SHOP WORLD CONDOS (24), S11, T01 S, R24 E, BUILDING 15, UNIT F, 0.510% COMMON AREA INTEREST, LOC @ BLK 1, LT 5A1 PIKE SUB AMD (24)
Legal Description
SHOP WORLD CONDOS (24), S11, T01 S, R24 E, BUILDING 15, UNIT F, 0.510% COMMON AREA INTEREST, LOC @ BLK 1, LT 5A1 PIKE SUB AMD (24)
Utilities
Heating system
Natural Gas
Amenities
Gated community
Perimeter fencing
Security cameras
Paved roads
Community bathrooms
Building Details
Year built
2024
Floors in Building
1
Building materials
Steel
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(406) 578-4399
Listed By:
Jana May · License #RRE-BRO-LIC-63128
(406) 633-1655
Added: Dec 16, 2025
Changed: Oct 4
Last Checked: Oct 6 at 11:06AM
MLS# 347690
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.
Investment Insights
Based on property information with market context.
New flex space units are being constructed in steel buildings on concrete foundations with 5-inch reinforced slabs. Each 1,152-square-foot unit measures 24 feet by 48 feet and can be combined with adjacent units to create larger configurations, including 24 feet by 96 feet, 48 feet by 48 feet, 72 feet by 96 feet, or a fully open 96-foot by 96-foot layout.
Individual units include a 14-foot by 14-foot overhead garage door with electric opener, steel entry door, natural gas hanging heater, four LED ceiling lights, six 110V outlets, R-41 ceiling insulation, and white metal interior liners. Additional 30-amp or 50-amp plugs can be added. The gated property has perimeter fencing, cameras at each gate, paved internal roads, and community bathrooms. Multiple units are available. Construction is scheduled for 2024, with steel construction and metal roofing.
Individual units include a 14-foot by 14-foot overhead garage door with electric opener, steel entry door, natural gas hanging heater, four LED ceiling lights, six 110V outlets, R-41 ceiling insulation, and white metal interior liners. Additional 30-amp or 50-amp plugs can be added. The gated property has perimeter fencing, cameras at each gate, paved internal roads, and community bathrooms. Multiple units are available. Construction is scheduled for 2024, with steel construction and metal roofing.
Key Highlights
- 1,152‑square‑foot units measuring 24'x48'
- Units can combine into 24'x96', 48'x48', 72'x96' or 96'x96' layouts
- Each unit includes a 14'x14' garage door with electric opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,995
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,900
$179.9K
Cap Rate 7%
$128,500
$128.5K
Cap Rate 9%
$99,944
$99.9K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$15.2K $13.20/SF
− Vacancy
−$1.4K −$1.19/SF
EGI
$13.8K $12.01/SF
− OpEx
−$4.8K −$4.20/SF
NOI
$9.0K $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%
$179,900
Cap Rate 7%
$128,500
Cap Rate 9%
$99,944
Alternative Uses
Best Use
Flex RnD
$128.5K
$112.4K – $149.9K
NOI $8,995 @ 7.0% cap · market cap 7.96%
Second Best
Warehouse
$107.5K
$94.1K – $125.4K
NOI $7,526 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$251.4K
$219.9K – $293.3K
NOI $17,595 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
21
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Newly built steel units offer configurable shop or storage space within a secured, paved commercial compound.
Where is this flex space located?
The property is located at 8103 Rosebud Drive Unit 15F Billings, MT.
What is the asking price?
The asking price for this property is $113,000.
What are key features of this property?
This property features: 1,152‑square‑foot units measuring 24'x48'; Units can combine into 24'x96', 48'x48', 72'x96' or 96'x96' layouts; Each unit includes a 14'x14' garage door with electric opener
