Engineered Steel Warehouse
8103 Rosebud Drive Unit 24B, Billings, MT 59106
For Sale
$113,000
CommercialSale, Billings, MT
Property Size1,152 SF
Price / SF$98.09
Days on Market56
Property Features for 8103 Rosebud Drive Unit 24B
General Information
Property type
Property subtype
Property condition
Parking
Subdivision
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
eXp Realty, LLC - Billings
(406) 578-4399
Listed By:
Jana May · License MT RRE-BRO-LIC-63128
(406) 633-1655
Added: Sep 20
Changed: Oct 4
Last Checked: Nov 14 at 1:06AM
MLS# 361981
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.
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Investment Insights
Based on property information with market context.
This under-construction warehouse unit is part of an engineered steel building completed in 2025. The 1,152-square-foot space measures 24 by 48 feet and includes a 14-by-14-foot overhead garage door with electric opener, a steel personnel door, natural gas hanging heat, LED ceiling fixtures, electrical outlets, R-41 ceiling insulation, and finished metal interior wall liners. A 5-inch rebar-reinforced concrete slab supports the unit, and community restrooms are provided.
Units may be combined into larger configurations, including 24-by-96 feet, 48-by-48 feet, 72-by-96 feet, or a fully open 96-by-96-foot layout. The property includes paved internal roads, perimeter fencing, camera monitoring at each gated entrance, and multiple units available. Thirty-amp or 50-amp electrical receptacles can be added to suit operational requirements.
Units may be combined into larger configurations, including 24-by-96 feet, 48-by-48 feet, 72-by-96 feet, or a fully open 96-by-96-foot layout. The property includes paved internal roads, perimeter fencing, camera monitoring at each gated entrance, and multiple units available. Thirty-amp or 50-amp electrical receptacles can be added to suit operational requirements.
Key Highlights
- 1,152‑square‑foot warehouse unit measuring 24 by 48 feet
- 14‑by‑14‑foot garage door with electric opener
- 5‑inch rebar‑reinforced concrete slab
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.
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
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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
$483,100
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Billings, MT
Properties on Market for Warehouses in Billings
Vacancy Rate% for Industrial in West region
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 offers reinforced concrete flooring, natural gas heat, dedicated garage access, and secured gated entry.
Where is this warehouse located?
The property is located at 8103 Rosebud Drive Unit 24B 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 measuring 24 by 48 feet; 14‑by‑14‑foot garage door with electric opener; 5‑inch rebar‑reinforced concrete slab
