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    Gated Storage and Shop Flex Units Title is generated by Realmo AI

    8103 Rosebud Drive Unit 22f, Billings, MT 59106

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    For Sale
    $113,000

    Engineered steel shop and storage units with private garage doors in a fenced, camera-secured, paved community.

    Property size:
    1,152 SF
    Price / SF:
    $98/SF
    Added:
    Apr 17, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 6 at 4:12 am

    Property Features for 8103 Rosebud Drive Unit 22f

    General Information

    Standard status
    Active
    Size
    1,152 SF

    We can help!

    Listing Contact
    Jana May
    Jana May

    Listing agent Jana May License #RRE-BRO-LIC-63128

    Listing office eXp Realty, LLC - Billings

    Listing date Apr 17, 2026

    Source Exprealty

    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 eXp Realty, LLC - Billings

    HighLights

    • Engineered steel frame buildings on concrete foundations with 5" rebar‑reinforced slabs, offered as 96' x 96' or 72' x 96' options
    • Units can be configured or co‑joined into larger spaces such as 24' x 96', 48' x 48', 72' x 96', or full 96' x 96' open layouts
    • Each finished unit includes a 14' x 14' garage door with electric opener plus a steel door
    • Heating and lighting included: natural gas hanging heater and 4 bright L.E.D ceiling lights, with R‑41 insulation in the ceiling
    • Electrical outlets: 6 110V plugins per unit, with 30‑amp or 50‑amp plugs that can be added
    • Gated, fenced community with cameras at gated entrances and paved roads; annual HOA is $625/year including structural insurance

    Overview

    This offering consists of large engineered steel frame buildings on concrete foundations with 5-inch rebar-reinforced slabs. Each building is divided into smaller units sized 24- by 48-foot configurations, with unit layouts designed to be co-joined to create larger spaces, including options that allow 96- by 96-foot openings. Finished units include a 14- by 14-foot garage door with electric opener, a steel door, and a natural gas hanging heater. Interior build-outs feature R-41 insulation in the ceiling, white metal wall liners, bright LED ceiling lighting, and multiple 110V plugins, with the ability to add 30-amp or 50-amp plugs. Community bathrooms are also provided.

    The property is a gated community with perimeter fencing and cameras at each gated entrance. Paved roads connect the units within the development. An annual HOA of $625/year is noted and includes structural insurance.

    For buyers and tenants looking for flexible storage and light shop space, the unit design supports both individual use and expansion by combining adjacent bays. The included garage door access, interior climate heating, and electrical plug capacity can support a range of storage and small work needs within a secured setting.

    Local Financial Insights For Self Storage

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $14.5k $12.60
    − Vacancy −$1.0k −$0.88
    EGI $13.5k $11.72
    − OpEx −$4.0k −$3.52
    NOI $9.4k $8.20
    1,152 SF · lease $12.60/SF/yr · vacancy 7.00% · expense 30.00%

    Alternative Uses

    Best Use
    Self Storage
    $135.0K
    $118.1K – $157.5K (±1% cap)
    NOI $9,449 @ 7.0% cap · market cap 8.36%
    Second Best
    Flex RnD
    $128.5K
    $112.4K – $149.9K (±1% cap)
    NOI $8,995 @ 7.0% cap · market cap 7.96%
    Theoretical Best
    Office A
    $251.4K
    $219.9K – $293.3K (±1% cap)
    NOI $17,595 @ 7.0% cap · market cap 15.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.6104841
    Latitude
    45.7578788

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    FAQs

    What type of property is this?
    Self storage facility - Engineered steel shop and storage units with private garage doors in a fenced, camera-secured, paved community.
    Where is this self storage facility located?
    The property is located at 8103 Rosebud Drive Unit 22f 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: Engineered steel frame buildings on concrete foundations with 5" rebar‑reinforced slabs, offered as 96' x 96' or 72' x 96' options; Units can be configured or co‑joined into larger spaces such as 24' x 96', 48' x 48', 72' x 96', or full 96' x 96' open layouts; Each finished unit includes a 14' x 14' garage door with electric opener plus a steel door
    (406) 633-1655
    We can help!
    Listing Contact
    Jana May
    Jana May
    Real Estate License ID: RRE-BRO-LIC-63128
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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