Steel Warehouse
For Sale
$113,000
8103 Rosebud Drive Unit 23A, Billings, MT 59106
CommercialSale, Billings, MT
Property Size1,152 SF
Price / SF$98.09
Days on Market195
Property Features for 8103 Rosebud Drive Unit 23A
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
APN
C07259W
Size
1,152 SF
Taxes and HOA fees
Tax Description
SHOP WORLD CONDOS (24), S11, T01 S, R24 E, BUILDING 23, UNIT A, 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 23, UNIT A, 0.510% COMMON AREA INTEREST, LOC @ BLK 1, LT 5A1 PIKE SUB AMD (24)
Utilities
Heating system
Natural Gas
Amenities
Community Bathrooms
Gated community
Security cameras
Building Details
Year built
2025
Floors in Building
1
Building materials
Steel
Roof type
Metal
Listing Agency:
eXp Realty, LLC - Billings
(406) 578-4399
Listed By:
Jana May · License #RRE-BRO-LIC-63128
(406) 633-1655
Added: Mar 26
Changed: Oct 4
Last Checked: Oct 6 at 11:06AM
MLS# 358328
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.
This under-construction warehouse property in Billings is part of a steel-frame building with concrete foundations and 5-inch rebar-reinforced slabs. The layout is organized into 8 units measuring 24' x 48', with options to combine units into larger configurations, including 24' x 96', 48' x 48', 72' x 96', or a fully open 96' x 96' arrangement.
Each finished unit is planned with a 14' x 14' garage door and electric opener, a steel entry door, a natural-gas hanging heater, four bright LED ceiling lights, six 110V plugins, R-41 ceiling insulation, and white metal liners on the interior walls. Additional 30-amp or 50-amp plugs can be added. The community includes shared bathrooms, paved roads, perimeter fencing, cameras at each gated entrance, and controlled gate access. The property is identified as 1,152 square feet and has a 2025 construction year.
Each finished unit is planned with a 14' x 14' garage door and electric opener, a steel entry door, a natural-gas hanging heater, four bright LED ceiling lights, six 110V plugins, R-41 ceiling insulation, and white metal liners on the interior walls. Additional 30-amp or 50-amp plugs can be added. The community includes shared bathrooms, paved roads, perimeter fencing, cameras at each gated entrance, and controlled gate access. The property is identified as 1,152 square feet and has a 2025 construction year.
Key Highlights
- 1,152‑square‑foot warehouse unit in an under‑construction steel‑frame building
- 8 units measuring 24' x 48' can be combined into larger configurations
- Each finished unit includes one 14' x 14' garage door with electric opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,526
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,520
$150.5K
Cap Rate 7%
$107,514
$107.5K
Cap Rate 9%
$83,622
$83.6K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$9.7K $8.40/SF
− Vacancy
−$823 −$0.71/SF
EGI
$8.9K $7.69/SF
− OpEx
−$1.3K −$1.15/SF
NOI
$7.5K $6.53/SF
Area
Billings, MT
Vacancy
8.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,520
Cap Rate 7%
$107,514
Cap Rate 9%
$83,622
Alternative Uses
Best Use
Warehouse
$107.5K
$94.1K – $125.4K
NOI $7,526 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Shop World Storage — 936 West Toy Storage Street, Billings, MT 59106
Frequently Asked Questions
What type of property is this?
Warehouse - Under-construction unit offers insulated interiors, a garage door, natural-gas heat, and access within a gated community.
Where is this warehouse located?
The property is located at 8103 Rosebud Drive Unit 23A 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 warehouse unit in an under‑construction steel‑frame building; 8 units measuring 24' x 48' can be combined into larger configurations; Each finished unit includes one 14' x 14' garage door with electric opener
