Three-Bay Flex
For Sale
$300,000
822 E Man Cave Street, Billings, MT 59106
CommercialSale, Billings, MT
Property Size3,456 SF
Lot Size0.41 Acres
Price / SF$86.81
Days on Market394
Property Features for 822 E Man Cave Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
6
Parking features
Assigned, Garage
Subdivision
Shop World 1
Directions
West on King past 80th St. First left into Shop World 1, building on the right.
Standard status
Active
APN
C17811
Lot size
0.41 Acres
Taxes and HOA fees
Tax Description
SHOP WORLD 1 SUB (20), S14, T01 S, R24 E, Lot 4
Tax Annual Amount
746
Expense value
750
Expense
SecurityDeposit
Expense freq.
One Time
Legal Description
SHOP WORLD 1 SUB (20), S14, T01 S, R24 E, Lot 4
Utilities
Heating system
Natural Gas
Amenities
Gated Community
Community Bathroom
Building Details
Year built
2021
Floors in Building
1
Building materials
MetalSiding
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: Sep 8, 2025
Changed: Oct 4
Last Checked: Oct 6 at 10:06AM
MLS# 351183
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.
Located at 822 E Man Cave Street in Billings, this 2021 flex building contains three individual shop bays, each measuring 1,152 square feet. The finished, insulated interior has white metal wall panels, with every bay equipped with a 14-foot by 14-foot garage door, a separate man door, and a 100BTU natural-gas heater. Dedicated gas and electric meters serve the individual spaces.
The property sits within a gated community with paved driveways and streets. Assigned garage parking is provided, and a shared bathroom is located nearby. The building occupies 0.406 acres and has metal siding and a metal roof. An adjoining building with three additional units is also offered for sale.
The property sits within a gated community with paved driveways and streets. Assigned garage parking is provided, and a shared bathroom is located nearby. The building occupies 0.406 acres and has metal siding and a metal roof. An adjoining building with three additional units is also offered for sale.
Key Highlights
- Three individual shop bays, each 1152 sqft per unit
- Separate gas and electric meters for each bay
- Each unit includes a 14'x14' Garage door and Man Door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,984
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,680
$539.7K
Cap Rate 7%
$385,486
$385.5K
Cap Rate 9%
$299,822
$299.8K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$45.6K $13.20/SF
− Vacancy
−$4.1K −$1.19/SF
EGI
$41.5K $12.01/SF
− OpEx
−$14.5K −$4.20/SF
NOI
$27.0K $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%
$539,680
Cap Rate 7%
$385,486
Cap Rate 9%
$299,822
Alternative Uses
Best Use
Flex RnD
$385.5K
$337.3K – $449.7K
NOI $26,984 @ 7.0% cap · market cap 8.99%
Second Best
Warehouse
$322.5K
$282.2K – $376.3K
NOI $22,578 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$754.1K
$659.8K – $879.8K
NOI $52,786 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
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 - Finished, insulated metal construction includes separately metered spaces and natural-gas heating.
Where is this flex space located?
The property is located at 822 E Man Cave Street Billings, MT.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three individual shop bays, each 1152 sqft per unit; Separate gas and electric meters for each bay; Each unit includes a 14'x14' Garage door and Man Door
