Add Listing
    For Sale
    • 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

    Walleye Rd, Unit 11 Belgrade, MT 59714

    View on Map
    Sponsored
    For Sale
    $2,064,090

    COMMERCIAL - Belgrade, MT

    Lot size:
    3.65 Acres
    Days on Market:
    120
    Last Refresh:
    Mar 6 at 10:06 pm

    Property Features for Walleye Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    RFF84899
    Lot size
    3.65 Acres

    We can help!

    Listing Contact
    Tom Starner
    Tom Starner

    Gene Cook Real Estate (406) 586-0302

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

    Listing date Nov 7, 2025

    MLS# 379188 Listing URL

    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

    Property Insight Report

    Overview

    Belgrade, MT Commercial Land

    This 3.645-acre commercial land is located just off the Jackrabbit Corridor in the new Panther Park development in Belgrade, MT. The property benefits from its location near Jackrabbit and Valley Center, providing convenient access to Bozeman, Belgrade, and Four Corners. The final plat has been received. The property has no zoning, allowing for a multitude of uses. Four Corners Water and Sewer services the lot, which comes with 2 EDUs and water rights.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.178715
    Latitude
    45.731923

    Nearby Similar for Sale

    • $4,875,000
      313.44 Acres

      313 Acres Legacy Farm

      Picturesque farm with water rights near Bozeman, Montana.
      Penwell Bridge Rd, Belgrade, MT 59714
      View Details
    • $899,000
      0.24 Acres

      Belgrade Multifamily Investment Opportunity

      Four units, remodeled options, great income potential in Belgrade.
      206 S Davis St, Belgrade, MT 59714
      View Details
    • $3,250,000
      29.87 Acres

      Belgrade Property with Two Residences

      29.87-acre property featuring two residences and equestrian facilities.
      477 Reese Creek Rd, Belgrade, MT 59714
      View Details
    • $18,750,000
      805.00 Acres

      Expansive Belgrade Ranch with Views

      805-acre ranch near Belgrade with development potential.
      Reese Creek Rd, Belgrade, MT 59714
      View Details
    • New
      $795,000
      2,000 SF

      Deeded Garage Condominium Community

      Exclusive garage condos designed for collectors and outdoor enthusiasts.
      EB9 Tbd Leader Ln, Belgrade, MT 59718
      View Details
    • $850,000
      0.16 Acres

      Belgrade Multifamily Property with Income

      Spacious duplex in Belgrade, MT with strong rental income potential.
      302 10Th St, Belgrade, MT 59714
      View Details
    • $395,000
      1,650 SF

      Heated Commercial Shop Space Available

      Prime commercial shop space near I-90 and the airport.
      152 Countryside Ln E, Belgrade, MT 59714
      View Details
    • New
      $1,285,000
      0.24 Acres

      Belgrade Multifamily Investment Opportunity

      Four newly built homes near Bozeman, Big Sky, and Yellowstone.
      521 E Yellowstone Ave, Belgrade, MT 59714
      View Details
    • $3,395,000

      Turnkey Multifamily Investment Opportunity

      Seven townhome units in Belgrade, MT, fully leased and managed.
      605 Black Diamond Unit A-D A-C, Belgrade, MT 59714
      View Details
    • $4,997,600
      0.35 Acres

      New Construction Live/Work 4-Plex

      Luxury 3 bed/3 bath live/work space in Belgrade, MT.
      202 Fletching, Belgrade, MT 59714
      View Details
    • $2,500,000
      0.35 Acres

      New Belgrade Live/Work Fourplex

      Luxury new construction live/work fourplex in Belgrade, Montana.
      202 Fletching, Belgrade, MT 59714
      View Details
    • $25,250,000
      53,000 SF

      Amazon Distribution Center in Belgrade, MT

      Prime Montana Investment: 53,000 SF Amazon Lease
      104 Brewers Boulevard, Belgrade, MT 59714
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.645 acre commercial lot with no zoning restrictions.
    Where is this commercial land located?
    The property is located at Walleye Rd, Unit 11 Belgrade, MT.
    What is the asking price?
    The asking price for this property is $2,064,090.
    What are key features of this property?
    This property features: - Large 3.645 acre lot with no zoning, allowing for flexible usage.; - Excellent access to Bozeman, Belgrade, and Four Corners via Jackrabbit and Valley Center.; - Located in the new Panther Park development.
    (406) 539-0717
    Request Owner's contact information
    Walleye Rd, Unit 11 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.
    Walleye Rd, Unit 11
    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
    Walleye Rd, Unit 11 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
    Tom Starner
    Real Estate License ID: BRO-12265
    (406) 539-0717 (406) 586-0302
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!