412 E Railroad Ave N, Manhattan, MT 59741
- Added:
- Feb 25, 2025
- Days on Market:
- 470
- Last Refresh:
- Jun 10 at 11:06 am
Property Features for 412 E Railroad Ave N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage
- Standard status
- Active
- Size
- 5,376 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3000
Building Details
- Year built
- 1982
- Year renovated
- 1982
- Floors in Building
- 1
- Architectural style
- Other
Listing agent Trampus Corder (406) 622-3224
Listing office Corder and Associates, LLC 1312 Front Street, Fort Benton, MT (406) 622-3224
Listing date Feb 25, 2025
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Monthly Income: Generates $7,100 per month from current lease.
- Strategic Location: Close proximity to Bozeman and Yellowstone National Park ensures high traffic.
- Equipped for Trades: Includes three overhead heaters, dust collector, and air system suitable for woodworking/metalworking.
- Radiant Heated Offices: Separate offices feature radiant heating for comfortable workspace.
- Strong Community Support: Manhattan actively supports local businesses and retail ventures.
- Established Community Events: Regular events like the Potato Festival and farmers markets enhance visibility.
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.6k | $15.00 |
| − Vacancy | −$887 | −$0.17 |
| EGI | $79.8k | $14.83 |
| − OpEx | −$23.9k | −$4.45 |
| NOI | $55.8k | $10.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Manhattan
- County
- Gallatin
- State
- Montana
- Longitude
- -111.328171
- Latitude
- 45.854856
