Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    122 Donjo Ave, Unit 2 Belgrade, MT 59714

    Sponsored
    For Lease
    $16 SF/Yr ($2,937 /Mo)

    COMMERCIAL - Belgrade, MT

    Property size:
    2,203 SF
    Days on Market:
    48
    Last Refresh:
    Jan 21 at 7:06 am

    Property Features for 122 Donjo Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    RFF81283
    Size
    2,203 SF

    We can help!

    Listing Contact
    Tom Starner

    Gene Cook Real Estate (406) 586-0302 [email protected]

    Listing agent Tom Starner (406) 586-0302 License #BRO-12265

    Listing date Dec 5, 2025

    Copyright © 2025 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.

    Learn more

    Overview

    New Belgrade Warehouse Unit

    This new warehouse unit is conveniently located just a block off Jackrabbit Lane within Belgrade city limits, situated behind Wendy's and Goodwill. Unit 2 features 1,948 square feet of mostly open warehouse space on the main level, complemented by a windowed office and restroom. Access to the warehouse is facilitated by a large overhead door, while a separate man door leads into the office/showroom area. An additional 255 square feet is available on the mezzanine level, bringing the total property size to 2,203 square feet. The building's location and design are suitable for warehouse/workspace, customer-facing businesses, and shop/office combinations.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.186312
    Latitude
    45.760526

    Nearby Similar for Lease

    • New
      $15 SF/Yr
      18,384 SF

      Belgrade Warehouse with Yard Space

      Warehouse with office and yard space available for lease.
      189 Arden Dr, Belgrade, MT 59714
      View Details
    • $3,180 /Mo
      2,880 SF

      Belgrade Commercial Property For Rent

      Well-located commercial space suitable for various business operations.
      845 Glider Ln, Belgrade, MT 59714
      View Details
    • New
      $16 SF/Yr
      15,000 SF

      Under Construction Belgrade Warehouse Space

      15,000 SF warehouse with loading docks and fire suppression.
      112 Stone Riv Rd, Belgrade, MT 59714
      View Details
    • $17 SF/Yr
      17,600 SF

      Adaptable Warehouse Space in Belgrade

      New 17,600 SF warehouse with flexible unit options.
      108 Stone Riv Rd, Belgrade, MT 59714
      View Details
    • New
      $15 SF/Yr
      30,000 SF

      New Industrial Warehouse in Belgrade

      New 30,000 SF warehouse with I-90 and Highway 191 access.
      112 Stone Riv Rd, Belgrade, MT 59714
      View Details
    • $19 SF/Yr
      2,411 SF

      New Belgrade Live/Work Unit

      New live/work unit in Belgrade, suitable for business and residential.
      205 Fletching Way, Belgrade, MT 59714
      View Details
    • $18 SF/Yr
      6,500 SF

      Belgrade Warehouse with Loading Dock

      New 6,500 SF warehouse with office, loading dock, yard.
      106 Stone Riv Rd, Belgrade, MT 59714
      View Details
    • $17 SF/Yr
      4,220 SF

      Belgrade Warehouse with Mezzanine Office

      New 4,220 SF warehouse with versatile commercial or industrial uses.
      110 Stone Riv Rd, Belgrade, MT 59714
      View Details
    • $17 SF/Yr
      6,500 SF

      Belgrade Warehouse with Mezzanine Office

      New 6,500 SF warehouse with versatile commercial/industrial potential.
      110 Stone Riv Rd, Belgrade, MT 59714
      View Details
    • $16 SF/Yr
      30,690 SF

      West Belgrade Commercial Spaces

      Brand new, flexible spaces available.
      1828 Amsterdam Rd, Belgrade, MT 59714
      View Details
    • Contact for pricing
      2,000 SF

      Highway Retail and Hotel Sites

      Mixed-use development near airport with retail, hotel, and gas sites.
      402 Belgrade Blvd, Belgrade, MT
      View Details
    • $14 SF/Yr
      52,713 SF

      Belgrade Industrial & Office Space

      Montana Warehouses & Offices for Lease
      522 Jetway Dr, Belgrade, MT 59714
      View Details

    FAQs

    What type of property is this?
    Warehouse - New warehouse unit in Belgrade, suitable for various businesses.
    Where is this warehouse located?
    The property is located at 122 Donjo Ave, Unit 2 Belgrade, MT.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location near Jackrabbit Lane, Wendy's, and Goodwill in Belgrade city limits.; - New construction warehouse unit.; - 1,948 SF of open warehouse space with windowed office and restroom.
    (406) 539-0717
    Request Owner's contact information
    122 Donjo Ave, Unit 2 Belgrade, MT 59714
    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.
    122 Donjo Ave, Unit 2
    Belgrade, MT 59714
    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
    122 Donjo Ave, Unit 2 Belgrade, MT 59714
    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

    We can help!
    Listing Contact
    Tom Starner
    Real Estate License ID: BRO-12265
    (406) 539-0717
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.