Heated Showroom Near
For Sale
$500,925
1102 Jackrabbit Lane 4, Belgrade, MT 59714
Newly built commercial space in a mixed-use setting near BZN and the Bozeman area.
Property Size1,449 SF
Price / SF$345.70
Days on Market61
Property Features for 1102 Jackrabbit Lane 4
General Information
Standard status
Active
Size
1,449 SF
Property subtype
Commercial
Zoning
MU
Taxes and HOA fees
Annual Taxes
$1,730
Amenities
heated
Building Details
Building Size
1,449 SF
Year Built
2024
Listing Agency:
Engel & Volkers - Butte
(406) 686-1020
Listed By:
Graham Miles · License #RRE-RBS-LIC-38434
(406) 686-1020
Source:
Outlaw
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 2:39PM
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 Engel & Volkers - Butte
Investment Insights
Based on property information with market context.
This showroom property was built in 2024 and includes heating. The 1,449-size commercial space is situated within a mixed-use zoning designation.
The property is located at 1102 Jackrabbit Lane in Belgrade, Montana, near BZN and within the Bozeman area.
The property is located at 1102 Jackrabbit Lane in Belgrade, Montana, near BZN and within the Bozeman area.
Key Highlights
- Showroom property built in 2024
- Heated commercial space
- 1,449 property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,979
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,580
$339.6K
Cap Rate 7%
$242,557
$242.6K
Cap Rate 9%
$188,656
$188.7K
Market Conditions
NOI Build-Up for 1,449 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.1K $18.00/SF
− Vacancy
−$1.8K −$1.26/SF
EGI
$24.3K $16.74/SF
− OpEx
−$7.3K −$5.02/SF
NOI
$17.0K $11.72/SF
Area
Gallatin County, MT
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,580
Cap Rate 7%
$242,557
Cap Rate 9%
$188,656
Alternative Uses
Best Use
Retail
$242.6K
$212.2K – $283.0K
NOI $16,979 @ 7.0% cap · market cap 3.39%
Second Best
Industrial
$215.0K
$188.1K – $250.8K
NOI $15,047 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$378.4K
$331.1K – $441.4K
NOI $26,485 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Well-served
Demand for This Use
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bozeman Brick Block & Tile — 4875 Jackrabbit Ln, Bozeman, MT 59718
- Mountain West Hardwoods — 270 Floss Flats Rd c, Belgrade, MT 59714
Frequently Asked Questions
What type of property is this?
Showroom - Newly built commercial space in a mixed-use setting near BZN and the Bozeman area.
Where is this showroom located?
The property is located at 1102 Jackrabbit Lane 4 Belgrade, MT.
What is the asking price?
The asking price for this property is $500,925.
What are key features of this property?
This property features: Showroom property built in 2024; Heated commercial space; 1,449 property size
