Commercial Condo Upper-Level
For Sale
$249,900
129 Village Drive 303, Belgrade, MT 59714
Upper-level commercial condo with a flexible interior layout and large windows, suited for office, professional services, or showroom use.
Property Size1,587 SF
Price / SF$157.47
Days on Market170
Property Features for 129 Village Drive 303
General Information
Standard status
Active
Size
1,587 SF
Property subtype
Commercial
Zoning
B3
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,526
Building Details
Building Size
1,587 SF
Year Built
2003
Listing Agency:
Clearwater Montana Properties
(406) 995-2404
Listed By:
EJ Daws
(406) 589-6247
Source:
Outlaw
Added: May 4
Changed: Oct 6
Last Checked: Oct 19 at 4:04AM
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 Clearwater Montana Properties
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Investment Insights
Based on property information with market context.
This upper-level commercial condo offers a functional, flexible layout that can support a range of commercial uses. The space is designed to work for private offices, collaborative areas, client meeting rooms, and creative workspace needs, with large windows providing natural light throughout.
Located on Village Drive in the established Belgrade commercial corridor, the suite benefits from convenient access and ample nearby parking. It is positioned for easy roadway connectivity, with proximity to Belgrade’s expanding residential neighborhoods and downtown business district, and access to Bozeman Yellowstone International Airport and Interstate travel.
Unit 303 is a versatile option for an owner-user or investor seeking a bright, adaptable commercial space within the Gallatin Valley growth market.
Located on Village Drive in the established Belgrade commercial corridor, the suite benefits from convenient access and ample nearby parking. It is positioned for easy roadway connectivity, with proximity to Belgrade’s expanding residential neighborhoods and downtown business district, and access to Bozeman Yellowstone International Airport and Interstate travel.
Unit 303 is a versatile option for an owner-user or investor seeking a bright, adaptable commercial space within the Gallatin Valley growth market.
Key Highlights
- Commercial condo unit built in 2003 in the Belgrade Village Drive corridor
- Upper‑level Unit 303 with a flexible interior layout for office, professional services, retail showroom, studio, or other approved commercial use
- Large windows throughout for natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,596
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,920
$371.9K
Cap Rate 7%
$265,657
$265.7K
Cap Rate 9%
$206,622
$206.6K
Market Conditions
NOI Build-Up for 1,587 SF
Gross rent
$28.6K $18.00/SF
− Vacancy
−$2.0K −$1.26/SF
EGI
$26.6K $16.74/SF
− OpEx
−$8.0K −$5.02/SF
NOI
$18.6K $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 Rate 5%
$371,920
Cap Rate 7%
$265,657
Cap Rate 9%
$206,622
Alternative Uses
Best Use
Office B
$333.5K
$291.8K – $389.1K
NOI $23,346 @ 7.0% cap · market cap 9.34%
Second Best
Retail
$265.7K
$232.5K – $309.9K
NOI $18,596 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$414.4K
$362.6K – $483.5K
NOI $29,008 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
163
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
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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?
Office unit - Upper-level commercial condo with a flexible interior layout and large windows, suited for office, professional services, or showroom use.
Where is this office unit located?
The property is located at 129 Village Drive 303 Belgrade, MT.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Commercial condo unit built in 2003 in the Belgrade Village Drive corridor; Upper‑level Unit 303 with a flexible interior layout for office, professional services, retail showroom, studio, or other approved commercial use; Large windows throughout for natural light
