New Construction Flex
9442 Sanctuary Estates #2 Drive, Billings, MT 59101
For Sale
$421,875
Billings, MT
Property Size3,125 SF
Price / SF$135
Days on Market59
Property Features for 9442 Sanctuary Estates #2 Drive
General Information
Property type
Property subtype
Subdivision
Standard status
Size
Amenities
Two 14' x 14' overhead doors
Fully insulated
GFA heater
Private ADA bathroom
Building Details
Year built
Listing Agency:
Engel & Volkers Billings · Engel & Völkers
(406) 206-0192
Listed By:
Callen Kleinhenz · License MT RRE-RBS-LIC-127073
Added: Sep 17
Changed: Oct 10
Last Checked: Nov 14 at 12:06AM
MLS# 361934
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Completed in 2023, this 3,125-square-foot flex space offers a practical configuration for an owner-user or investment holding. The building is fully insulated and includes two 14' x 14' overhead doors, a GFA heater, and a private ADA bathroom.
The property is located at 9442 Sanctuary Estates #2 Drive in Billings, with positioning between Billings and Laurel and access to both communities. HOA services include property insurance, water, sewer, garbage, snow removal, landscaping, and management.
The property is located at 9442 Sanctuary Estates #2 Drive in Billings, with positioning between Billings and Laurel and access to both communities. HOA services include property insurance, water, sewer, garbage, snow removal, landscaping, and management.
Key Highlights
- 3,125‑square‑foot flex space completed in 2023
- Two 14' x 14' overhead doors
- Fully insulated building with GFA heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,399
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,980
$488.0K
Cap Rate 7%
$348,557
$348.6K
Cap Rate 9%
$271,100
$271.1K
Market Conditions
NOI Build-Up for 3,125 SF
Gross rent
$41.3K $13.20/SF
− Vacancy
−$3.7K −$1.19/SF
EGI
$37.5K $12.01/SF
− OpEx
−$13.1K −$4.20/SF
NOI
$24.4K $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%
$487,980
Cap Rate 7%
$348,557
Cap Rate 9%
$271,100
Alternative Uses
Best Use
Flex RnD
$348.6K
$305.0K – $406.7K
NOI $24,399 @ 7.0% cap · market cap 5.78%
Second Best
Warehouse
$291.7K
$255.2K – $340.3K
NOI $20,416 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$681.9K
$596.6K – $795.5K
NOI $47,730 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 59101, MT
41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Billings, MT
Properties on Market for Flex space in Billings
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Insulated flex space with overhead loading, a GFA heater, and a private ADA bathroom.
Where is this flex space located?
The property is located at 9442 Sanctuary Estates #2 Drive Billings, MT.
What is the asking price?
The asking price for this property is $421,875.
What are key features of this property?
This property features: 3,125‑square‑foot flex space completed in 2023; Two 14' x 14' overhead doors; Fully insulated building with GFA heater
