Insulated Warehouse
For Sale
$113,000
8103 Rosebud Drive Unit 24D, Billings, MT 59106
Gated access, a natural gas heater, and a powered garage door serve each finished space.
Property Size1,152 SF
Price / SF$98.09
Days on Market17
Property Features for 8103 Rosebud Drive Unit 24D
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Warehouse
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Amenities
Community Bathrooms
Gated community
Cameras on each Gated entrance
Paved roads
Building Details
Building Size
1,152 SF
Year Built
2025
Construction
steel frame
Listing Agency:
eXp Realty, LLC - Billings
Listed By:
Jana May · License #RRE-BRO-LIC-63128
(406) 633-1655
Source:
Careychapman
Added: Sep 20
Changed: Oct 2
Last Checked: Oct 5 at 10:37PM
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
Investment Insights
Based on property information with market context.
Each warehouse space measures 1,152 square feet, with a 24' x 48' layout. Units can be joined to create larger configurations. Construction includes an engineered steel frame, concrete foundation, and 5-inch rebar-reinforced slab. Each finished unit has a 14' x 14' 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 liners on the interior walls.
The community has gated entrances with cameras, perimeter fencing, paved roads, and shared bathrooms. Structural insurance is included through the HOA.
The community has gated entrances with cameras, perimeter fencing, paved roads, and shared bathrooms. Structural insurance is included through the HOA.
Key Highlights
- 1,152 SF units measuring 24' x 48'; units can be combined
- 14' x 14' garage door with electric opener in each unit
- Natural gas hanging heater, four LED ceiling lights, and six 110V outlets per unit
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
Warehouse
$107.5K
$94.1K – $125.4K
NOI $7,526 @ 7.0% cap · market cap 6.66%
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
Utilities to site
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
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Homestead Self Storage — 3300 Central Ave, Billings, MT 59102
Frequently Asked Questions
What type of property is this?
Warehouse - Gated access, a natural gas heater, and a powered garage door serve each finished space.
Where is this warehouse located?
The property is located at 8103 Rosebud Drive Unit 24D 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 units measuring 24' x 48'; units can be combined; 14' x 14' garage door with electric opener in each unit; Natural gas hanging heater, four LED ceiling lights, and six 110V outlets per unit
