Two-Bedroom Live-Work
New
For Sale
Contact for pricing
11 W Main Street 217, Belgrade, MT 59714
An elevator-served unit combines a professional office arrangement with a full kitchen and residential flexibility.
Property Size1,069 SF
Price / SF$0.02
Days on Market2
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Property Features for 11 W Main Street 217
General Information
Standard status
Active
Size
1,069 SF
Elevators
Yes
Amenities
directory
Listing Agency:
Bozeman Realty
(406) 581-0630
Listed By:
Michael Libster · License #RBS-10753
(406) 579-2909
Source:
Montanarootsrealty
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:17AM
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 Realty
Investment Insights
Based on property information with market context.
This 1,069-square-foot live-work unit is configured with two bedrooms, a main room used as a lobby and sitting area, and a full kitchen set behind a closed area to maintain an office-facing appearance. One bedroom is commonly arranged as a private office. The building has an elevator and a directory, and the unit’s stated area includes its apportioned share of common space.
Key Highlights
- 1,069 square feet, including apportioned common area
- Two bedrooms; one can serve as a private office
- Full kitchen set behind a closed area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,704
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,080
$294.1K
Cap Rate 7%
$210,057
$210.1K
Cap Rate 9%
$163,378
$163.4K
Market Conditions
NOI Build-Up for 1,069 SF
Gross rent
$25.7K $24.00/SF
− Vacancy
−$2.1K −$1.99/SF
EGI
$23.5K $22.01/SF
− OpEx
−$8.8K −$8.25/SF
NOI
$14.7K $13.76/SF
Area
Gallatin County, MT
Vacancy
8.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,080
Cap Rate 7%
$210,057
Cap Rate 9%
$163,378
Alternative Uses
Best Use
Office B
$224.7K
$196.6K – $262.1K
NOI $15,726 @ 7.0% cap · market cap 92,505.88%
Second Best
Mixed Use
$210.1K
$183.8K – $245.1K
NOI $14,704 @ 7.0% cap · market cap 86,494.12%
Theoretical Best
Office A
$279.1K
$244.3K – $325.7K
NOI $19,540 @ 7.0% cap · market cap 114,941.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
664
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - An elevator-served unit combines a professional office arrangement with a full kitchen and residential flexibility.
Where is this live-work space located?
The property is located at 11 W Main Street 217 Belgrade, MT.
What are key features of this property?
This property features: 1,069 square feet, including apportioned common area; Two bedrooms; one can serve as a private office; Full kitchen set behind a closed area
