New Construction Flex
For Sale
$345,000
155 Bomont Lane, Belgrade, MT 59714
CommercialSale, Belgrade, MT
Property Size1,250 SF
Price / SF$276
Days on Market319
Property Features for 155 Bomont Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C
Directions
5250 Jackrabbit lane will show on address search. Turn East off of Jackrabbit lane onto Bomont Lane, building is tucked in behind United Rentals North yard. No access from Bartz lane.
Subdivision
3S - Belgrade Area S of I90
Standard status
Active
APN
00RFF87426
Size
1,250 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 2B of the Final Plat of Minor Subdivision No. 205A, being amended plat of Lot 1A, Minor Subdivision No. 205, located in the SW 1/4 of Sec. 13, T.1 S., R. 4 E, of P.M.M., Gallatin County, Montana, according to the official plat thereof on file and of record in office of the County Clerk & ...
Tax Annual Amount
1
HOA Fee
$350 Annually
Legal Description
Lot 2B of the Final Plat of Minor Subdivision No. 205A, being amended plat of Lot 1A, Minor Subdivision No. 205, located in the SW 1/4 of Sec. 13, T.1 S., R. 4 E, of P.M.M., Gallatin County, Montana, according to the official plat thereof on file and of record in office of the County Clerk & ...
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
2024
Listing Agency:
eXp Realty, LLC
(406) 578-4399
Listed By:
Shawn Olsen · License #RBS-32062
(406) 581-3367
Added: Oct 7, 2025
Changed: Aug 19
Last Checked: Aug 21 at 3:06AM
MLS# 406295
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.
Investment Insights
Based on property information with market context.
This 2024-built flex-space condominium offers a heated commercial unit with a 14' x 14' overhead garage door, electric opener, and a 6-inch concrete slab. Interior features include a 19'-11" ceiling at the front, a 16'-3" ceiling toward the rear, insulated walls and ceiling, a concrete-floor French drain, an elevated sliding window, and a separate walk-through entry. The rear third is designed to accommodate a mezzanine. The unit does not include a bathroom and is not approved for bathroom installation.
The property is positioned along Jackrabbit Lane between Belgrade and Four Corners, with paved entry and controlled access through electric security gates. The Bozeman Airport is approximately five minutes away. A 6-foot chain-link perimeter fence with a barbed-wire top surrounds the property. Association approval is required for all businesses, while the covenants prohibit marijuana businesses, engine shops, mechanic shops, and outside equipment or trailer parking. Additional covered storage units are available to rent in a separate building.
The property is positioned along Jackrabbit Lane between Belgrade and Four Corners, with paved entry and controlled access through electric security gates. The Bozeman Airport is approximately five minutes away. A 6-foot chain-link perimeter fence with a barbed-wire top surrounds the property. Association approval is required for all businesses, while the covenants prohibit marijuana businesses, engine shops, mechanic shops, and outside equipment or trailer parking. Additional covered storage units are available to rent in a separate building.
Key Highlights
- 2024 construction with 1,250 square feet of flex space
- 14' x 14' overhead garage door with electric opener
- 19'-11" front ceiling and 16'-3" rear ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,240
$315.2K
Cap Rate 7%
$225,171
$225.2K
Cap Rate 9%
$175,133
$175.1K
Market Conditions
NOI Build-Up for 1,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.8K $15.00/SF
− Vacancy
−$206 −$0.17/SF
EGI
$18.5K $14.83/SF
− OpEx
−$2.8K −$2.23/SF
NOI
$15.8K $12.61/SF
Area
Gallatin County, MT
Vacancy
1.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,240
Cap Rate 7%
$225,171
Cap Rate 9%
$175,133
Alternative Uses
Best Use
Warehouse
$225.2K
$197.0K – $262.7K
NOI $15,762 @ 7.0% cap · market cap 4.57%
Second Best
Flex RnD
$217.3K
$190.1K – $253.5K
NOI $15,208 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$326.4K
$285.6K – $380.8K
NOI $22,848 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
19 ft
Clear height
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59714, MT
22,333
Population
10,043
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
97%
High-School Grad
418.2 sq mi
ZIP Area
53
Density / Sq Mi
$89,217
Median Household Income
$47,587
Median Earnings
$1,558
Median Rent
$490,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Heated commercial unit with gated access, paved entry, and flexible storage or workspace potential.
Where is this flex space located?
The property is located at 155 Bomont Lane Belgrade, MT.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2024 construction with 1,250 square feet of flex space; 14' x 14' overhead garage door with electric opener; 19'-11" front ceiling and 16'-3" rear ceiling
