Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Property for Rent Title is generated by Realmo AI

    1172 Happy Lane, Belgrade, MT 59714

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial property available for rent in Belgrade, Montana.

    Property size:
    16,745 SF
    Added:
    Feb 20, 2026
    Days on Market:
    90
    Last Refresh:
    Apr 1 at 8:29 pm

    Property Features for 1172 Happy Lane

    General Information

    Standard status
    Active
    Size
    16,745 SF

    We can help!

    Listing Contact
    Michelle Haverstick
    Michelle Haverstick

    Listing agent Michelle Haverstick

    Listing office Gallatin Realty Group

    Listing date Feb 20, 2026

    Source Evrealestate

    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 Gallatin Realty Group

    HighLights

    • Commercial property available for rent in Belgrade, Montana.
    • Elevator access.
    • Central Air cooling system.
    • Forced Air and Natural Gas heating.
    • Paved parking.

    Overview

    A commercial property is available for rent, offering 16,745 square feet of space. The property is classified as a specialty property and other specialty property. Located in Belgrade, Montana, the property presents a variety of potential uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Under Canvas Group Corporate Office

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.1871414
    Latitude
    45.7988131

    Nearby Similar for Lease

    • $7 SF/Yr
      4,100 SF

      Versatile Office Suite For Lease

      Spacious 4,100 SF office suite with customizable flooring.
      20900 Frontage Road, Belgrade, MT 59714
      View Details
    • $15 SF/Yr
      14,506 SF

      Belgrade Warehouse with Office Space

      Warehouse with office and yard space for lease in Belgrade.
      189 Arden Drive, Belgrade, MT 59714
      View Details
    • $15 SF/Yr
      7,781 SF

      Revitalized Industrial Space in Belgrade

      7,781 SF warehouse/office space near I-90, ideal for industrial users.
      189 Arden Drive, Belgrade, MT 59714
      View Details
    • $3,180/Mo
      2,880 SF

      Belgrade Commercial Property For Rent

      Well-located commercial space suitable for various business operations.
      845 Glider Lane, Belgrade, MT 59714
      View Details
    • $3,950/Mo
      2,415 SF

      New Belgrade Live/Work Condo

      Luxury live/work condo with shop space for rent.
      204 Fletching Unit C, Belgrade, MT 59714
      View Details
    • $10 SF/Yr
      3,840 SF

      Belgrade Warehouse with Yard Area

      Functional warehouse space in Belgrade with yard and truck access.
      290 Arden Drive, Belgrade, MT 59714
      View Details
    • $27 SF/Yr
      1,945 SF

      New Office Space in Belgrade

      New construction office suite in Belgrade's newest office park.
      104 Wandering Way, Belgrade, MT 59714
      View Details
    • $27 SF/Yr
      3,792 SF

      New Belgrade Office Space

      New construction office building in Belgrade's West Post Subdivision.
      102 Wandering Way, Belgrade, MT 59714
      View Details
    • $27 SF/Yr
      1,852 SF

      New Office Space in Belgrade

      New construction office space available for lease in Belgrade, MT.
      104 Wandering Way, Belgrade, MT 59714
      View Details
    • $17 SF/Yr
      4,140 SF

      Belgrade Warehouse with Mezzanine Office

      New 6,500 SF Belgrade warehouse with versatile commercial space.
      110 Stone River Road, Belgrade, MT 59714
      View Details
    • $18 SF/Yr
      6,500 SF

      Belgrade Warehouse with Loading Dock

      New 6,500 SF warehouse with mezzanine and loading dock.
      106 Stone River Road, Belgrade, MT 59714
      View Details
    • $17 SF/Yr
      17,600 SF

      Adaptable Warehouse Space in Belgrade

      New 17,600 SF warehouse with flexible configuration options.
      108 Stone River Road, Belgrade, MT 59714
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for rent in Belgrade, Montana.
    Where is this specialty property located?
    The property is located at 1172 Happy Lane Belgrade, MT.
    What are key features of this property?
    This property features: Commercial property available for rent in Belgrade, Montana.; Elevator access.; Central Air cooling system.
    (406) 570-5422
    We can help!
    Listing Contact
    Michelle Haverstick
    Michelle Haverstick
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1172 Happy Lane, Belgrade, MT 59714
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!