Configurable Flex Space with Garage
For Sale
$113,000
8103 Rosebud Drive Unit 24A, Billings, MT 59106
Bays can be combined to create larger workshop or storage layouts.
Property Size1,152 SF
Price / SF$98.09
Days on Market9
Property Features for 8103 Rosebud Drive Unit 24A
General Information
Standard status
Active
Size
1,152 SF
Site & Location
Neighborhood
West Central
Fenced Yard
Yes
Additional Details
Property Use
Shop or Storage
Amenities
Community Bathrooms
Gated community
Perimeter fenced
Cameras on gated entrances
Paved roads
Building Details
Construction
steel frame
Listing Agency:
eXp Realty, LLC - Billings
(406) 578-4399
Listed By:
Jana May · License #RRE-BRO-LIC-63128
(406) 633-1655
Source:
Mymontanahomestead
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 30 at 1:55PM
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
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Investment Insights
Based on property information with market context.
Each 1,152-square-foot flex unit measures 24 by 48 feet and can be joined with neighboring units to create larger spaces. Buildings use engineered steel frames on concrete foundations, with 5-inch rebar-reinforced slabs. Finished units include a 14-by-14-foot garage door with electric opener, a steel entry door, a natural gas hanging heater, four LED ceiling lights, six 110V outlets, R-41 ceiling insulation, and white metal interior wall liners. Thirty-amp or 50-amp outlets can be added. Community bathrooms serve the property.
The gated site has perimeter fencing, cameras at each gated entrance, and paved roads. Multiple units are available for sale.
The gated site has perimeter fencing, cameras at each gated entrance, and paved roads. Multiple units are available for sale.
Key Highlights
- 1,152‑square‑foot units measure 24 by 48 feet and can be connected for larger layouts
- 5‑inch rebar‑reinforced concrete slabs beneath engineered steel‑frame buildings
- Each finished unit has a 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
Industrial
$94.9K
$83.0K – $110.7K
NOI $6,641 @ 7.0% cap · market cap 5.88%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Under-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
Frequently Asked Questions
What type of property is this?
Flex space - Bays can be combined to create larger workshop or storage layouts.
Where is this flex space located?
The property is located at 8103 Rosebud Drive Unit 24A 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 units measure 24 by 48 feet and can be connected for larger layouts; 5‑inch rebar‑reinforced concrete slabs beneath engineered steel‑frame buildings; Each finished unit has a 14‑by‑14‑foot garage door with electric opener
