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    Flex/Storage Warehouse Units Title is generated by Realmo AI

    8103 Rosebud Drive Unit 23b, Billings, MT 59106

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    Claim this Listing
    For Sale
    $113,000

    Engineered steel buildings offer divisible shop or storage units with electric garage doors and paved access.

    Property size:
    1,152 SF
    Price / SF:
    $98/SF
    Added:
    Mar 26, 2026
    Days on Market:
    94
    Last Refresh:
    Jun 25 at 8:56 pm

    Property Features for 8103 Rosebud Drive Unit 23b

    General Information

    Standard status
    Active
    Size
    1,152 SF

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    Jana May
    Jana May

    Listing office eXp Realty, LLC - Billings

    Listing date Mar 26, 2026

    Source Exprealty

    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

    HighLights

    • Engineered steel frame buildings on concrete foundations with 5 in. rebar‑reinforced slabs
    • Buildings can be configured as 96'x96' or 72'x96', divided into 8‑24'x48' units that can be co‑joined for larger spaces
    • Each finished unit includes a 14'x14' garage door with electric opener plus a steel door
    • Units feature a natural gas hanging heater, 4 bright LED ceiling lights, and 6 110V plugs (30‑amp or 50‑amp plugs can be added)
    • R‑41 insulation in the ceiling and white metal liners on interior walls
    • Gated community with fenced perimeter, cameras at gated entrances, paved roads; annual HOA $625/year includes structural insurance

    Overview

    This property consists of large engineered steel frame buildings on concrete foundations with 5" thick rebar reinforced slabs. Each building is divided into multiple units sized at approximately 24' x 48' with options to combine units for larger configurations, including 24' x 96', 48' x 48', 72' x 96', or an all-open 96' x 96'. Finished units include a 10' x 14' garage door with an electric opener, a steel door, a natural gas hanging heater, bright LED ceiling lights, and ceiling insulation described as R-41. Interior walls feature white metal liners. Each unit also includes multiple 110V electrical plug outlets, with the option to add 30-amp or 50-amp plugs, and the property provides community bathrooms.

    The site operates as a gated community with fenced perimeter access and cameras at each gated entrance. Paved roads serve the property, and the annual HOA is stated as $625/year and includes structural insurance.

    For buyers seeking flexible use space, these warehouse-style units can function as shop or storage configurations, with the ability to co-join units for larger footprints when needed. Multiple units are available within the community, supported by on-site access control, paved circulation, and unit-ready utility and lighting features.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $15.2k $13.20
    − Vacancy −$1.4k −$1.19
    EGI $13.8k $12.01
    − OpEx −$4.8k −$4.20
    NOI $9.0k $7.81
    1,152 SF · lease $13.20/SF/yr · vacancy 9.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $128.5K
    $112.4K – $149.9K (±1% cap)
    NOI $8,995 @ 7.0% cap · market cap 7.96%
    Second Best
    Warehouse
    $107.5K
    $94.1K – $125.4K (±1% cap)
    NOI $7,526 @ 7.0% cap · market cap 6.66%
    Theoretical Best
    Office A
    $251.4K
    $219.9K – $293.3K (±1% cap)
    NOI $17,595 @ 7.0% cap · market cap 15.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.6104841
    Latitude
    45.7578788

    FAQs

    What type of property is this?
    Flex space - Engineered steel buildings offer divisible shop or storage units with electric garage doors and paved access.
    Where is this flex space located?
    The property is located at 8103 Rosebud Drive Unit 23b 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 frame buildings on concrete foundations with 5 in. rebar‑reinforced slabs; Buildings can be configured as 96'x96' or 72'x96', divided into 8‑24'x48' units that can be co‑joined for larger spaces; Each finished unit includes a 14'x14' garage door with electric opener plus a steel door
    More about this property
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