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    Belgrade Warehouse Near Airport Title is generated by Realmo AI

    1102 Jackrabbit Lane Unit 2, Belgrade, MT 59714

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    For Sale
    $471,900

    Modern, versatile warehouse near Bozeman Airport with seller financing.

    Type:Condo
    Property size:
    1,452 SF
    Price / SF:
    $325/SF
    Added:
    Jan 16, 2025
    Days on Market:
    490
    Last Refresh:
    Apr 1 at 8:32 pm

    Property Features for 1102 Jackrabbit Lane Unit 2

    General Information

    Standard status
    Active
    Size
    1,452 SF
    Property subtype
    Condo

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Berkshire Hathaway
    Berkshire Hathaway

    Listing agent Berkshire Hathaway License #RBS-46320

    Listing office Bozeman

    Listing date Jan 16, 2025

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bozeman

    HighLights

    • Prime location near Bozeman Yellowstone International Airport and direct route to Big Sky.
    • Seller financing available at 4.5% interest for 5 years with 25% down (subject to credit approval).
    • Modern, insulated, and heated metal structure built in 2024.
    • Enjoy 18‑foot ceilings and a large 14'x14' garage door.
    • Versatile space suitable for trade businesses, retail, vehicle/equipment storage.
    • Low maintenance and high efficiency commercial condo.

    Overview

    This commercial warehouse is strategically located in North Belgrade, near the Bozeman Yellowstone International Airport and a direct route to Big Sky, and minutes from the interstate. The property is suitable for businesses and investors targeting the expanding market in the Bozeman area. The warehouse features a modern, insulated, and heated metal structure with 18-foot ceilings and a large 14'x14' garage door, making it suitable for various commercial uses, including trade businesses, retail operations, and storage of large vehicles and recreational equipment. Designed for low maintenance and high efficiency, this commercial condo offers convenience and practicality. The property has a size of 1452 square feet. It represents an investment opportunity in the fast-growing Belgrade sector, serving as a hub for those needing expansive warehouse space near Bozeman. Seller financing is available with 4.5% interest for 5 years with 25% down, subject to credit approval. Creative financing and rent-to-own options are available.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center Kitchen & Bath Showroom Accounting Firm

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

    Similar Places Nearby

    • Montana Self Storage — 697 E Cameron Bridge Rd, Bozeman, MT 59718
    • Big Sky Self Storage — 5102 Jackrabbit Ln, Belgrade, MT 59714

    Location Insight

    • Map
    • Local Demand
    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.1845179
    Latitude
    45.7459077

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    FAQs

    What type of property is this?
    Warehouse - Modern, versatile warehouse near Bozeman Airport with seller financing.
    Where is this warehouse located?
    The property is located at 1102 Jackrabbit Lane Unit 2 Belgrade, MT.
    What is the asking price?
    The asking price for this property is $471,900.
    What are key features of this property?
    This property features: Prime location near Bozeman Yellowstone International Airport and direct route to Big Sky.; Seller financing available at 4.5% interest for 5 years with 25% down (subject to credit approval).; Modern, insulated, and heated metal structure built in 2024.
    (406) 586-7676
    We can help!
    Listing Contact
    Berkshire Hathaway
    Berkshire Hathaway
    Real Estate License ID: RBS-46320
    Learn More
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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
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