Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    106 Stone River Road unit C Belgrade, MT 59714

    View on Map
    For Lease
    $18 SF/Yr

    COMMERCIAL - Belgrade, MT

    Property size:
    6,500 SF
    Added:
    Dec 19, 2025
    Days on Market:
    103
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 106 Stone River Road unit C

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    00RFF87295
    Size
    6,500 SF

    Taxes and HOA fees

    TaxDescription
    WEST POST SUB PH 2, S12, T01 S, R04 E, BLOCK 2, Lot 2, ACRES 6.5, PLAT J-726

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air
    Water source
    Public

    Building Details

    Floors in Building
    2

    We can help!

    Listing Contact
    Sunny Odegard
    Sunny Odegard

    Listing agent Sunny Odegard License #BRO-63608

    Listing office Starner Commercial Real Estate 1276 N 15th Ave, Suite 103, Bozeman, MT

    Listing date Dec 19, 2025

    MLS# 407624

    Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Belgrade Warehouse with Loading Dock

    This new 6,500 SF end-unit warehouse is located in the West Post development of Belgrade. It offers versatility, quality construction, and accessibility for commercial or light industrial uses. The property includes a carpeted mezzanine office area, 3-phase power, and a bathroom. The upstairs mezzanine space is approximately 620 SF. The building features multiple overhead doors, including a 14-foot front-facing door and a 10-foot rear door. As an end unit, the property has a dedicated loading dock and approximately 50 feet of yard space suitable for outdoor storage, parking, or equipment maneuvering. It provides access to I-90 and Jackrabbit Lane.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.173974
    Latitude
    45.76139

    Nearby Similar for Lease

    • $17/mo

      Belgrade Office and Shop Space

      Versatile commercial property near Bozeman Yellowstone International Airport.
      480 Jetway Drive unit: A & B, Belgrade, MT 59714
      View Details
    • $15/mo

      Belgrade Warehouse with Office Space

      Warehouse with office and yard space for lease in Belgrade.
      189 Arden Drive, Belgrade, MT 59714
      View Details
    • $15/mo

      Revitalized Industrial Space in Belgrade

      7,781 SF warehouse/office space near I-90, ideal for industrial users.
      189 Arden Drive unit: 1, Belgrade, MT 59714
      View Details
    • Contact for pricing

      Belgrade Commercial Property For Rent

      Well-located commercial space suitable for various business operations.
      845 Glider Lane unit: C, Belgrade, MT 59714
      View Details
    • $27/mo

      New Belgrade Office Space

      New construction office building in Belgrade's West Post Subdivision.
      102 Wandering Way, Belgrade, MT 59714
      View Details
    • $27/mo

      New Office Space in Belgrade

      New construction office suite in Belgrade's newest office park.
      104 Wandering Way unit: B, Belgrade, MT 59714
      View Details
    • $17/mo

      Belgrade Warehouse with Mezzanine Office

      New 6,500 SF Belgrade warehouse with versatile commercial space.
      110 Stone River Road unit: D, Belgrade, MT 59714
      View Details
    • $27/mo

      New Office Space in Belgrade

      New construction office space available for lease in Belgrade, MT.
      104 Wandering Way unit: A, Belgrade, MT 59714
      View Details
    • $17/mo

      Adaptable Warehouse Space in Belgrade

      New 17,600 SF warehouse with flexible configuration options.
      108 Stone River Road unit: A, B, C, D, Belgrade, MT 59714
      View Details
    • Contact for pricing

      COMMERCIAL - Belgrade, MT

      170 Skyway unit: 5, Belgrade, MT 59714
      View Details
    • $19/mo

      New Belgrade Live/Work Unit

      Brand new live/work unit in Belgrade, MT for rent.
      205 Fletching Way unit: B, Belgrade, MT 59714
      View Details
    • $15/mo

      New Industrial Warehouse in Belgrade

      New 30,000 SF warehouse with I-90 and Highway 191 access.
      112 Stone River Road, Belgrade, MT 59714
      View Details

    FAQs

    What type of property is this?
    Warehouse - New 6,500 SF warehouse with mezzanine and loading dock.
    Where is this warehouse located?
    The property is located at 106 Stone River Road unit C Belgrade, MT.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Belgrade's West Post development with quick access to I‑90 and Jackrabbit Lane.; **6,500 SF end‑unit warehouse** with high‑quality construction and versatile space for commercial or light industrial uses.; Features a dedicated loading dock and approximately 50 feet of yard space.
    (406) 570-4931
    We can help!
    Listing Contact
    Sunny Odegard
    Sunny Odegard
    Real Estate License ID: BRO-63608
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!