New Flex Space with Garage
For Sale
$113,000
8103 Rosebud Drive Unit 24B, Billings, MT 59106
Configurable commercial units offer finished interiors, gated access, and practical shop or storage functionality.
Property Size1,152 SF
Price / SF$98.09
Days on Market34
Property Features for 8103 Rosebud Drive Unit 24B
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Warehouse
Site & Location
Neighborhood
West Central
Fenced Yard
Yes
Amenities
Community Bathrooms
Gated community
Cameras on each Gated entrance
Paved roads
Building Details
Building Size
1,152 SF
Year Built
2025
Construction
steel frame
Listing Agency:
eXp Realty, LLC - Billings
Listed By:
Jana May · License #RRE-BRO-LIC-63128
(406) 633-1655
Source:
Careychapman
Added: Sep 20
Changed: Oct 8
Last Checked: Oct 21 at 7:06AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
New flex space at 8103 Rosebud Drive, Unit 24B, in Billings, Montana, features engineered steel-frame construction on concrete foundations with 5-inch rebar-reinforced slabs. Each 1,152-square-foot unit includes a 14-foot by 14-foot garage door with electric opener, steel entry door, natural-gas hanging heater, LED ceiling lighting, electrical outlets, R-41 ceiling insulation, and white metal interior liners. Community bathrooms serve the development.
The buildings are arranged as 8 units measuring 24 feet by 48 feet, with the option to combine units into larger configurations or use an entire building as open space. The property is within a fenced, gated community with cameras at each gated entrance and paved internal roads. Multiple units are available.
The buildings are arranged as 8 units measuring 24 feet by 48 feet, with the option to combine units into larger configurations or use an entire building as open space. The property is within a fenced, gated community with cameras at each gated entrance and paved internal roads. Multiple units are available.
Key Highlights
- 1,152‑square‑foot units with flexible configurations
- Engineered steel‑frame buildings on 5‑inch rebar‑reinforced concrete slabs
- Each unit includes a 14' x 14' garage door with electric opener
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
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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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Configurable commercial units offer finished interiors, gated access, and practical shop or storage functionality.
Where is this flex space located?
The property is located at 8103 Rosebud Drive Unit 24B 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 with flexible configurations; Engineered steel‑frame buildings on 5‑inch rebar‑reinforced concrete slabs; Each unit includes a 14' x 14' garage door with electric opener
