Insulated Warehouse
For Sale
$113,000
8103 Rosebud Drive Unit 23B, Billings, MT 59106
CommercialSale, Billings, MT
Property Size1,152 SF
Price / SF$98.09
Days on Market195
Property Features for 8103 Rosebud Drive Unit 23B
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
C07259X
Size
1,152 SF
Taxes and HOA fees
Tax Description
SHOP WORLD CONDOS (24), S11, T01 S, R24 E, BUILDING 23, UNIT B, 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 B, 0.510% COMMON AREA INTEREST, LOC @ BLK 1, LT 5A1 PIKE SUB AMD (24)
Utilities
Heating system
Natural Gas
Amenities
Gated community
Community bathrooms
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# 358329
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 offers 1,152 square feet within an engineered steel-frame building on a concrete foundation and 5-inch rebar-reinforced slab. The standard layout is one 24-by-48-foot unit, with adjoining options that can create 24-by-96, 48-by-48, 72-by-96, or fully open 96-by-96-foot configurations. Multiple units are available.
Each finished unit is planned with a 14-by-14-foot electric garage door, steel entry door, natural gas hanging heater, four LED ceiling lights, six 110V outlets, R-41 ceiling insulation, and white metal interior liners. Thirty-amp or 50-amp plugs may be added. Shared community bathrooms are provided.
The property is located at 8103 Rosebud Drive, Unit 23B, in Billings, Montana. The gated community includes perimeter fencing, cameras at each gated entrance, paved roads, and structural insurance through the HOA. The buildings use steel construction and metal roofing, with a scheduled 2025 construction year.
Each finished unit is planned with a 14-by-14-foot electric garage door, steel entry door, natural gas hanging heater, four LED ceiling lights, six 110V outlets, R-41 ceiling insulation, and white metal interior liners. Thirty-amp or 50-amp plugs may be added. Shared community bathrooms are provided.
The property is located at 8103 Rosebud Drive, Unit 23B, in Billings, Montana. The gated community includes perimeter fencing, cameras at each gated entrance, paved roads, and structural insurance through the HOA. The buildings use steel construction and metal roofing, with a scheduled 2025 construction year.
Key Highlights
- 1,152‑SF warehouse unit at 8103 Rosebud Drive, Unit 23B, Billings, MT 59106
- 24'x48' standard unit layout with options to combine spaces
- 14'x14' garage door with electric opener and steel entry door
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
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Open Analytics
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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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 warehouse space in a gated, fenced commercial community with paved roads and monitored entrances.
Where is this warehouse located?
The property is located at 8103 Rosebud Drive Unit 23B 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 warehouse unit at 8103 Rosebud Drive, Unit 23B, Billings, MT 59106; 24'x48' standard unit layout with options to combine spaces; 14'x14' garage door with electric opener and steel entry door
