Flex Space With Garage
For Sale
Under Contract
$113,000
8103 Rosebud Drive Unit 16G, Billings, MT 59106
CommercialSale, Billings, MT
Property Size1,152 SF
Price / SF$98.09
Days on Market91
Property Features for 8103 Rosebud Drive Unit 16G
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
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 Under Contract
APN
C07258C
Size
1,152 SF
Taxes and HOA fees
Tax Description
SHOP WORLD CONDOS (24), S11, T01 S, R24 E, BUILDING 16, UNIT G, 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 16, UNIT G, 0.510% COMMON AREA INTEREST, LOC @ BLK 1, LT 5A1 PIKE SUB AMD (24)
Utilities
Heating system
Natural Gas
Amenities
Community bathrooms
Gated community
Cameras on each Gated entrance
Paved roads
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: Jul 8
Changed: Oct 4
Last Checked: Oct 6 at 9:06AM
MLS# 349380
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.
These under-construction flex units are being developed in steel buildings on concrete foundations with 5-inch rebar-reinforced slabs. Each finished unit contains 1,152 square feet and can be combined with adjacent units to create larger configurations. Improvements include a 14-by-14-foot overhead garage door with electric opener, a steel entry door, natural gas hanging heat, LED ceiling lighting, electrical outlets, R-41 ceiling insulation, and white metal interior liners. Community bathrooms serve the property.
The development at 8103 Rosebud Drive in Billings includes paved internal roads, perimeter fencing, cameras at each gated entrance, and controlled access. Multiple units are available. The 2024 construction also includes metal roofing, and the annual HOA includes structural insurance.
The development at 8103 Rosebud Drive in Billings includes paved internal roads, perimeter fencing, cameras at each gated entrance, and controlled access. Multiple units are available. The 2024 construction also includes metal roofing, and the annual HOA includes structural insurance.
Key Highlights
- 1,152‑SF flex unit in a 2024 steel building
- 5‑inch rebar‑reinforced concrete slab and concrete foundation
- One 14‑by‑14‑foot 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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
20
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
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Frequently Asked Questions
What type of property is this?
Flex space - Under-construction steel units offer adaptable space for storage, shop, and related commercial uses.
Where is this flex space located?
The property is located at 8103 Rosebud Drive Unit 16G 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‑SF flex unit in a 2024 steel building; 5‑inch rebar‑reinforced concrete slab and concrete foundation; One 14‑by‑14‑foot garage door with electric opener
