Warehouse Storage Units with Garage
8103 Rosebud Drive Unit 23d Billings, MT 59106
8103 Rosebud Drive Unit 23d, Billings, MT, 59106
$113,000
For Sale
$113,000
Engineered steel warehouse units with electric roll-up garage doors, natural gas heat, insulated ceilings, and community bathrooms.
Property Size1,152 SF
Price / SF$98.09
Days on Market119
Property Features for 8103 Rosebud Drive Unit 23d
General Information
- Standard status
- Active
- Size
- 1,152 SF
Listing agency
eXp Realty, LLC - Billings
(406) 633-1655
Listed by
Jana May · License #RRE-BRO-LIC-63128
(406) 633-1655
Source
Exprealty
Added: Mar 26 Updated: Jul 22 at 3:46AM Checked: Jul 22 at 3:46AM
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.
New shop and storage buildings offer engineered steel frame construction on concrete foundations with 5" rebar-reinforced slabs. Buildings are available as large 96' x 96' or 72' x 96' footprints and are divided into smaller units measuring 8'–24' x 48'. Units can be co-joined to create larger configurations, including 24' x 96', 48' x 48', 72' x 96', or an all-open 96' x 96' setup.
Each finished unit includes one 14' x 14' garage door with an electric opener, one steel door, a natural gas hanging heater, bright LED ceiling lights, and interior ceiling insulation. Units also feature white metal liners on interior walls, six 110V plugins (with the note that 30-amp or 50-amp plugs can be added), and access to community bathrooms. The property is a gated community with perimeter fencing and cameras at gated entrances, along with paved roads.
Annual HOA is $625 and includes structural insurance. Multiple units are available for purchase, with individual unit configurations sized for flexible storage and shop use.
Each finished unit includes one 14' x 14' garage door with an electric opener, one steel door, a natural gas hanging heater, bright LED ceiling lights, and interior ceiling insulation. Units also feature white metal liners on interior walls, six 110V plugins (with the note that 30-amp or 50-amp plugs can be added), and access to community bathrooms. The property is a gated community with perimeter fencing and cameras at gated entrances, along with paved roads.
Annual HOA is $625 and includes structural insurance. Multiple units are available for purchase, with individual unit configurations sized for flexible storage and shop use.
Key Highlights
- Engineered steel frame shop/storage buildings on concrete foundations with 5" rebar‑reinforced slabs
- Building sizes include 96' x 96' or 72' x 96', with each building divided into 8‑24' x 48' units
- Units can be combined for larger spaces such as 24' x 96', 48' x 48', 72' x 96', or open 96' x 96'
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
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Engineered steel warehouse units with electric roll-up garage doors, natural gas heat, insulated ceilings, and community bathrooms.
Where is this flex space located?
The property is located at 8103 Rosebud Drive Unit 23d 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 shop/storage buildings on concrete foundations with 5" rebar‑reinforced slabs; Building sizes include 96' x 96' or 72' x 96', with each building divided into 8‑24' x 48' units; Units can be combined for larger spaces such as 24' x 96', 48' x 48', 72' x 96', or open 96' x 96'
