New Steel Warehouse
For Sale
$113,000
8103 Rosebud Drive Unit 23D, Billings, MT 59106
CommercialSale, Billings, MT
Property Size1,152 SF
Price / SF$98.09
Days on Market195
Property Features for 8103 Rosebud Drive Unit 23D
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
C07259Z
Size
1,152 SF
Taxes and HOA fees
Tax Description
SHOP WORLD CONDOS (24), S11, T01 S, R24 E, BUILDING 23, UNIT D, 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 D, 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
paved roads
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 1:06PM
MLS# 358331
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 project in Billings features engineered steel-frame buildings on concrete foundations with 5-inch rebar-reinforced slabs. Each finished unit contains 1,152 square feet arranged as a 24-by-48-foot bay, with options to combine adjoining units into larger configurations. Available layouts include 24-by-96 feet, 48-by-48 feet, 72-by-96 feet, and an open 96-by-96-foot arrangement.
Individual units include a 14-by-14-foot garage door with electric opener, a steel entry door, a natural gas hanging heater, four bright LED ceiling lights, and six 110V electrical plugins. The interiors feature R-41 ceiling insulation and white metal liners on the walls, while community bathrooms serve the development. The property includes paved roads, perimeter fencing, cameras at each gated entrance, and multiple available units.
Individual units include a 14-by-14-foot garage door with electric opener, a steel entry door, a natural gas hanging heater, four bright LED ceiling lights, and six 110V electrical plugins. The interiors feature R-41 ceiling insulation and white metal liners on the walls, while community bathrooms serve the development. The property includes paved roads, perimeter fencing, cameras at each gated entrance, and multiple available units.
Key Highlights
- 1,152‑square‑foot warehouse units configured as 24‑by‑48‑foot bays
- Engineered steel‑frame buildings on concrete foundations with 5‑inch reinforced slabs
- Units can be combined into larger layouts, including 24‑by‑96, 48‑by‑48, 72‑by‑96, or 96‑by‑96 feet
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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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
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 units offer flexible configurations within a secured, gated industrial community.
Where is this warehouse located?
The property is located at 8103 Rosebud Drive Unit 23D 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 units configured as 24‑by‑48‑foot bays; Engineered steel‑frame buildings on concrete foundations with 5‑inch reinforced slabs; Units can be combined into larger layouts, including 24‑by‑96, 48‑by‑48, 72‑by‑96, or 96‑by‑96 feet
