New-Construction Office
For Sale
$962,775
104 Wandering Way, Belgrade, MT 59714
CommercialSale, Belgrade, MT
Property Size1,945 SF
Price / SF$495
Days on Market214
Property Features for 104 Wandering Way
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
CC
Subdivision
West Post Subdivision
Directions
From Airport Interchange, turn south on Airway Blvd; then right on Frank Road; then right on Wandering Way.
Standard status
Active
APN
RFF87317
Size
1,945 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Building B Unit 2 of WEST POST SUB PH 2, S12, T01 S, R04 E, BLOCK 4, Lot 1, ACRES 4.15, PLAT J-726
Tax Annual Amount
3890
Legal Description
Building B Unit 2 of WEST POST SUB PH 2, S12, T01 S, R04 E, BLOCK 4, Lot 1, ACRES 4.15, PLAT J-726
Amenities
conference room
kitchenette
waiting area
private restroom
storage closet
Building Details
Year built
2026
Listing Agency:
Starner Commercial Real Estate
(406) 586-0302
Listed By:
Tom Starner · License #BRO-12265
(406) 539-0717
Added: Mar 10
Changed: Aug 25
Last Checked: Oct 9 at 9:06AM
MLS# 409289
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 1,945-square-foot office suite is under construction within a new office park. The planned layout includes three offices with windows, open workspace, a conference room, kitchenette, waiting area, private restroom, and a small storage closet. Construction is scheduled for completion in mid June 2026, with new finishes planned throughout the suite.
The property is located in the West Post Subdivision in Belgrade, near the airport and the I-90 interchange. The office park is planned to include nine buildings, with central common parking providing access to the buildings. Larger options for an entire building are also available, and the suite is offered for lease in addition to the sale offering.
The property is located in the West Post Subdivision in Belgrade, near the airport and the I-90 interchange. The office park is planned to include nine buildings, with central common parking providing access to the buildings. Larger options for an entire building are also available, and the suite is offered for lease in addition to the sale offering.
Key Highlights
- 1945 square feet of office space
- Three windowed offices plus open workspace
- Conference room, kitchenette, and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,612
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,240
$572.2K
Cap Rate 7%
$408,743
$408.7K
Cap Rate 9%
$317,911
$317.9K
Market Conditions
NOI Build-Up for 1,945 SF
Gross rent
$40.8K $21.00/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$38.1K $19.61/SF
− OpEx
−$9.5K −$4.90/SF
NOI
$28.6K $14.71/SF
Area
Gallatin County, MT
Vacancy
6.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,240
Cap Rate 7%
$408,743
Cap Rate 9%
$317,911
Alternative Uses
Best Use
Office B
$408.7K
$357.7K – $476.9K
NOI $28,612 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.9K
$444.4K – $592.5K
NOI $35,551 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Suite features three windowed offices, flexible open space, and dedicated meeting and staff-support areas.
Where is this office units located?
The property is located at 104 Wandering Way Belgrade, MT.
What is the asking price?
The asking price for this property is $962,775.
What are key features of this property?
This property features: 1945 square feet of office space; Three windowed offices plus open workspace; Conference room, kitchenette, and waiting area
