Steel Flex Space
For Sale
Under Contract
$113,000
8103 Rosebud Drive Unit 26C, Billings, MT 59106
CommercialSale, Billings, MT
Property Size1,152 SF
Price / SF$98.09
Days on Market49
Property Features for 8103 Rosebud Drive Unit 26C
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
2
Subdivision
Shop World Condos
Directions
King Avenue West to 80th Street. Right on 80th Street W, Left on Stillwater Drive, Complex will be on the Left.
Standard status
Active Under Contract
APN
C07260V
Size
1,152 SF
Taxes and HOA fees
Tax Description
SHOP WORLD CONDOS (24), S11, T01 S, R24 E, BUILDING 26, UNIT C, 0.510% COMMON AREA INTEREST, LOC @ BLK 1, LT 5A1 PIKE SUB AMD (24)
Legal Description
SHOP WORLD CONDOS (24), S11, T01 S, R24 E, BUILDING 26, UNIT C, 0.510% COMMON AREA INTEREST, LOC @ BLK 1, LT 5A1 PIKE SUB AMD (24)
Utilities
Heating system
Natural Gas
Amenities
Community Bathrooms
Gated community
Security cameras
Building Details
Year built
2025
Floors in Building
1
Building materials
Steel
Roof type
Metal
Listing Agency:
eXp Realty, LLC - Billings
(406) 578-4399
Listed By:
Jana May · License #RRE-BRO-LIC-63128
(406) 633-1655
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 6 at 4:06AM
MLS# 358338
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.
Investment Insights
Based on property information with market context.
This under-construction flex property is built with engineered steel framing on concrete foundations and 5-inch rebar-reinforced slabs. The buildings are organized into 24-by-48-foot units, with adjoining units able to create larger configurations, including 24-by-96 feet, 48-by-48 feet, 72-by-96 feet, or a fully open 96-by-96-foot layout. Each finished unit includes a 14-by-14-foot electric garage door, steel entry door, natural gas hanging heater, LED ceiling lighting, electrical plugins, R-41 ceiling insulation, and white metal interior liners.
The property is located at 8103 Rosebud Drive, Unit 26C, in Billings, Montana. The gated community includes perimeter fencing, cameras at each gated entrance, paved roads, and community bathrooms. Multiple units are available, providing flexibility for users seeking shop, storage, or other commercial flex space.
The property is located at 8103 Rosebud Drive, Unit 26C, in Billings, Montana. The gated community includes perimeter fencing, cameras at each gated entrance, paved roads, and community bathrooms. Multiple units are available, providing flexibility for users seeking shop, storage, or other commercial flex space.
Key Highlights
- Engineered steel construction with concrete foundation and 5‑inch rebar‑reinforced slab
- 1,152‑square‑foot units measuring 24 feet by 48 feet
- Units can be combined into 24‑by‑96, 48‑by‑48, 72‑by‑96, or 96‑by‑96‑foot layouts
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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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Under-construction commercial units offer adaptable layouts, dedicated garage access, natural gas heat, and reinforced concrete foundations.
Where is this flex space 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: Engineered steel construction with concrete foundation and 5‑inch rebar‑reinforced slab; 1,152‑square‑foot units measuring 24 feet by 48 feet; Units can be combined into 24‑by‑96, 48‑by‑48, 72‑by‑96, or 96‑by‑96‑foot layouts
