Heated Warehouse
For Sale
$500,925
1102 Jackrabbit Ln Unit 4, Belgrade, MT 59714
Insulated metal construction includes an oversized overhead door and finished interior surfaces.
Property Size1,449 SF
Price / SF$345.70
Days on Market134
Property Features for 1102 Jackrabbit Ln Unit 4
General Information
Standard status
Active
Size
1,449 SF
Property subtype
Commercial
Building Details
Year Built
2024
Listing Agency:
Berkshire Hathaway - Bozeman
Listed By:
Nicole Taranto · License #RBS-46320
(406) 539-5358
Source:
Bozemanbigskyproperties
Added: Apr 30
Changed: Sep 2
Last Checked: Sep 9 at 11:31AM
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 Berkshire Hathaway - Bozeman
Investment Insights
Based on property information with market context.
This 1,449-square-foot commercial condominium was built in 2024 as a functional warehouse and work area. The insulated, heated metal structure provides 18-foot ceilings and a 14' x 14' overhead garage door suited to equipment, vehicle, storage, and workspace needs. Epoxy flooring, custom metal wall finishes, and an upgraded utility sink support a durable, clean interior, while the bathroom includes a wood accent wall.
The property is in North Belgrade with access to Bozeman Yellowstone International Airport, Interstate 90, Bozeman, and the route to Big Sky. Its warehouse configuration can accommodate owner-users, contractors, trades, hobbyists, or investors seeking commercial space in the Belgrade area.
The property is in North Belgrade with access to Bozeman Yellowstone International Airport, Interstate 90, Bozeman, and the route to Big Sky. Its warehouse configuration can accommodate owner-users, contractors, trades, hobbyists, or investors seeking commercial space in the Belgrade area.
Key Highlights
- 1,449‑square‑foot commercial warehouse condominium
- Built in 2024 with 18‑foot ceilings
- 14' x 14' oversized overhead garage door
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
$18,272
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
3.65%
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%
$365,440
$365.4K
Cap Rate 7%
$261,029
$261.0K
Cap Rate 9%
$203,022
$203.0K
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
$21.7K $15.00/SF
− Vacancy
−$239 −$0.17/SF
EGI
$21.5K $14.83/SF
− OpEx
−$3.2K −$2.23/SF
NOI
$18.3K $12.61/SF
Area
Gallatin County, MT
Vacancy
1.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$365,440
Cap Rate 7%
$261,029
Cap Rate 9%
$203,022
Alternative Uses
Best Use
Warehouse
$261.0K
$228.4K – $304.5K
NOI $18,272 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Big Sky Self Storage — 5102 Jackrabbit Ln, Belgrade, MT 59714
- Montana Self Storage — 697 E Cameron Bridge Rd, Bozeman, MT 59718
Frequently Asked Questions
What type of property is this?
Warehouse - Insulated metal construction includes an oversized overhead door and finished interior surfaces.
Where is this warehouse located?
The property is located at 1102 Jackrabbit Ln Unit 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: 1,449‑square‑foot commercial warehouse condominium; Built in 2024 with 18‑foot ceilings; 14' x 14' oversized overhead garage door
