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    The Largest CRE Database in the US with Over 1 Million Listings

    480 Jetway Dr, Unit unit A & B Belgrade, MT 59714

    Sponsored
    For Lease
    $17 SF/Yr ($6,664 /Mo)

    COMMERCIAL - Belgrade, MT

    Type:Office
    Property size:
    4,704 SF
    Days on Market:
    2
    Last Refresh:
    Jan 24 at 3:06 pm

    Property Features for 480 Jetway Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    RFG56142
    Size
    4,704 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    2

    We can help!

    Listing Contact
    Jessica Gustafson

    Bozeman Real Estate Group (406) 587-1717

    Listing agent Jessica Gustafson (406) 587-1717 License #BRO-119361

    Listing date Jan 23, 2026

    MLS# 407674

    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.

    Learn more

    Property Insight Report

    Overview

    Belgrade Office and Shop Space

    This commercial property in Belgrade, Montana, offers flexible lease options for office and shop space. Situated behind Bozeman Yellowstone International Airport, the property includes high-end second-floor office space and warehouse/shop space. The office space measures 2,554 square feet, while the shop/warehouse provides 2,150 square feet, totaling 4,704 square feet. The office space features air conditioning and heating, abundant natural light with Bridger Mountain views, a full kitchen and bathroom, three private offices, a conference space, generous storage, and balconies. Elevator and stair access are available. The warehouse/shop includes 400-amp service with 3-phase power, a 9-foot ceiling height, three overhead doors, a 100% coverage fire suppression system, abundant electrical outlets, a forklift, and a loading dock. A 100% coverage security system is in place. Rent includes water, sewer, taxes, insurance, snow removal, and shared use of a forklift and loading dock. The tenant is responsible for utilities, internet, and garbage. Ample paved off-street parking is available. The property is located 5 minutes from Bozeman Yellowstone International Airport and I-90, and 10 minutes from Bozeman.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bébé Bru Baby Store Dry Fly Builders Cabinet Maker

    Suggested Use

    Restaurant Building Supply Clothing Store Gym & Fitness Kitchen & Bath Storage Facility Auto Repair Shop Cafe & Coffee Shop Electrical Service Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Smiley's Storage Units, Airport North Storage

    Location Insight

    • Map
    • Local Demand
    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.13651
    Latitude
    45.782275

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    FAQs

    What type of property is this?
    Warehouse - Versatile commercial property near Bozeman Yellowstone International Airport.
    Where is this warehouse located?
    The property is located at 480 Jetway Dr, Unit unit A & B Belgrade, MT.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime location near Bozeman Yellowstone International Airport (5 minutes) and I-90 (5 minutes), offering exceptional convenience and accessibility.; - Flexible lease options: Choose between high-end office space (2,554 SF), warehouse/shop space (2,150 SF), or a combination of both.; - Gross rent includes significant utilities and services: water, sewer, taxes, insurance, snow removal, and shared use of a forklift and loading dock.
    (406) 587-1717
    Request Owner's contact information
    480 Jetway Dr, Unit unit A & B Belgrade, MT 59714
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    Belgrade, MT 59714
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    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
    480 Jetway Dr, Unit unit A & B Belgrade, MT 59714
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    We can help!
    Listing Contact
    Jessica Gustafson
    Real Estate License ID: BRO-119361
    (406) 587-1717
    Learn more
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