Flex Space with Garage
For Sale
$113,000
8103 Rosebud Drive Unit 25G, Billings, MT 59106
Individual units can be combined to create larger work or storage configurations.
Property Size1,152 SF
Price / SF$98.09
Days on Market8
Property Features for 8103 Rosebud Drive Unit 25G
General Information
Standard status
Active
Size
1,152 SF
Site & Location
Neighborhood
West Central
Fenced Yard
Yes
Amenities
Gated community
Community bathrooms
Security cameras
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 16
Last Checked: Oct 23 at 6:53AM
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.
The flex units measure 24 by 48 feet, with 1,152 square feet per unit. Each finished space includes a 14-by-14-foot overhead garage door with electric opener, a steel entry door, a natural gas hanging heater, four LED ceiling lights, six 110V outlets, an R-41 insulated ceiling and white metal wall liners. The concrete slab is 5 inches thick and reinforced with rebar. Optional 30-amp or 50-amp outlets can be added.
Units may be joined in several configurations, including 24 by 96 feet, 48 by 48 feet, 72 by 96 feet or an open 96-by-96-foot layout. The gated property has a perimeter fence, cameras at each gate, paved roads and community bathrooms. Structural insurance is included through the HOA.
Units may be joined in several configurations, including 24 by 96 feet, 48 by 48 feet, 72 by 96 feet or an open 96-by-96-foot layout. The gated property has a perimeter fence, cameras at each gate, paved roads and community bathrooms. Structural insurance is included through the HOA.
Key Highlights
- 1,152‑square‑foot units, each measuring 24 by 48 feet
- Units can be combined into 24‑by‑96-, 48‑by‑48-, 72‑by‑96‑foot or open 96‑by‑96‑foot layouts
- Each unit has a 14‑by‑14‑foot overhead door with electric opener and a steel entry door
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.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Under-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
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
Frequently Asked Questions
What type of property is this?
Flex space - Individual units can be combined to create larger work or storage configurations.
Where is this flex space located?
The property is located at 8103 Rosebud Drive Unit 25G 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, each measuring 24 by 48 feet; Units can be combined into 24‑by‑96-, 48‑by‑48-, 72‑by‑96‑foot or open 96‑by‑96‑foot layouts; Each unit has a 14‑by‑14‑foot overhead door with electric opener and a steel entry door
