Engineered Steel Storage
For Sale
$113,000
8103 Rosebud Drive Unit 26C, Billings, MT 59106
Gated, fenced storage buildings with individual garage doors and utilities-friendly interiors for flexible unit configurations.
Property Size1,152 SF
Price / SF$98.09
Days on Market150
Property Features for 8103 Rosebud Drive Unit 26C
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Warehouse
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Building Details
Building Size
1,152 SF
Year Built
2025
Listing Agency:
eXp Realty, LLC
(406) 633-1655
Listed By:
Jana May · License #RRE-BRO-LIC-63128
(406) 633-1655
Source:
Careychapman
Added: Mar 25
Changed: Aug 15
Last Checked: Aug 20 at 11:02AM
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
Investment Insights
Based on property information with market context.
New shop or storage space featuring large engineered steel frame buildings on concrete foundations and 5-inch rebar reinforced slabs. Each building is divided into multiple units sized 24' x 48' or smaller, with the ability to co-join units to create larger configurations up to 96' x 96' or open-plan layouts. Finished units include a 14' x 14' garage door with electric opener, a steel door, natural gas hanging heater, bright LED ceiling lights, and white metal liners on interior walls.
The community is gated with cameras at each gated entrance, with a fully fenced perimeter and paved roads throughout. Annual HOA is $625 per year and includes structural insurance. Multiple units are available.
This setup can work well for tenants and buyers looking for secure, garage-style storage with heated interiors and multiple power outlets, with six 110V plugin locations noted and the option to add 30-amp or 50-amp plugs. Interior finishes include R-41 insulation in the ceiling, steel doors, and community bathrooms, supporting both storage and light shop use within a controlled-access environment.
The community is gated with cameras at each gated entrance, with a fully fenced perimeter and paved roads throughout. Annual HOA is $625 per year and includes structural insurance. Multiple units are available.
This setup can work well for tenants and buyers looking for secure, garage-style storage with heated interiors and multiple power outlets, with six 110V plugin locations noted and the option to add 30-amp or 50-amp plugs. Interior finishes include R-41 insulation in the ceiling, steel doors, and community bathrooms, supporting both storage and light shop use within a controlled-access environment.
Key Highlights
- New 2025‑engineered steel frame storage buildings on concrete foundations with 5 in. rebar‑reinforced slabs
- Building sizes include 96' x 96' or 72' x 96', each split into 8 x 48' units (multiple units available)
- Units can be co‑joined for larger configurations such as 24' x 96', 48' x 48', 72' x 96', or all open 96' x 96'
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,449
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$188,980
$189.0K
Cap Rate 7%
$134,986
$135.0K
Cap Rate 9%
$104,989
$105.0K
Market Conditions
NOI Build-Up for 1,152 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$14.5K $12.60/SF
− Vacancy
−$1.0K −$0.88/SF
EGI
$13.5K $11.72/SF
− OpEx
−$4.0K −$3.52/SF
NOI
$9.4K $8.20/SF
Area
Billings, MT
Vacancy
7.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$188,980
Cap Rate 7%
$134,986
Cap Rate 9%
$104,989
Alternative Uses
Best Use
Self Storage
$135.0K
$118.1K – $157.5K
NOI $9,449 @ 7.0% cap · market cap 8.36%
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
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Gated, fenced storage buildings with individual garage doors and utilities-friendly interiors for flexible unit configurations.
Where is this self storage facility located?
The property is located at 8103 Rosebud Drive Unit 26C 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: New 2025‑engineered steel frame storage buildings on concrete foundations with 5 in. rebar‑reinforced slabs; Building sizes include 96' x 96' or 72' x 96', each split into 8 x 48' units (multiple units available); Units can be co‑joined for larger configurations such as 24' x 96', 48' x 48', 72' x 96', or all open 96' x 96'
