Six-Office Lower-Level
New
For Sale
Contact for pricing
11 W Main Street B-3, Belgrade, MT 59714
Six individually sized offices offer elevator access and flexible month-to-month or term leasing.
Property Size1,659 SF
Price / SF$0.01
Days on Market3
Property Features for 11 W Main Street B-3
General Information
Standard status
Active
Size
1,659 SF
Elevators
Yes
Additional Details
Floor
Lower Level
Office Units
6
Property Use
Office
Listing Agency:
Bozeman Realty
(406) 581-0630
Listed By:
Michael Libster · License #RBS-10753
(406) 579-2909
Source:
Montanarootsrealty
Added: Oct 23
Last Checked: Oct 24 at 5:13PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit B-3 is a lower-level office suite in the Belgrade Mercantile Building, configured with six offices of varying sizes. The 1,659-square-foot area includes an allocated share of common space, and elevator service connects to the unit. Parking is available at the building.
The offices can be leased on a month-to-month basis or under a term lease. The lease structure is gross, with no NNN charges.
The offices can be leased on a month-to-month basis or under a term lease. The lease structure is gross, with no NNN charges.
Key Highlights
- Six separate offices with varying sizes in unit B‑3
- 1,659 square feet, including an apportioned share of common area
- Lower‑level suite in the Belgrade Mercantile Building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,405
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,100
$488.1K
Cap Rate 7%
$348,643
$348.6K
Cap Rate 9%
$271,167
$271.2K
Market Conditions
NOI Build-Up for 1,659 SF
Gross rent
$34.8K $21.00/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$32.5K $19.61/SF
− OpEx
−$8.1K −$4.90/SF
NOI
$24.4K $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%
$488,100
Cap Rate 7%
$348,643
Cap Rate 9%
$271,167
Alternative Uses
Best Use
Office B
$348.6K
$305.1K – $406.8K
NOI $24,405 @ 7.0% cap · market cap 122,025.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.2K
$379.1K – $505.4K
NOI $30,324 @ 7.0% cap · market cap 151,620.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Office units
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Six individually sized offices offer elevator access and flexible month-to-month or term leasing.
Where is this office unit located?
The property is located at 11 W Main Street B-3 Belgrade, MT.
What are key features of this property?
This property features: Six separate offices with varying sizes in unit B‑3; 1,659 square feet, including an apportioned share of common area; Lower‑level suite in the Belgrade Mercantile Building
