Two-Suite Office
For Sale
$200,000
129 Village Drive Unit 103, Belgrade, MT 59714
B3-zoned commercial condominium with shared parking and an existing martial arts occupant in one separately configured space.
Property Size1,372 SF
Price / SF$145.77
Days on Market146
Property Features for 129 Village Drive Unit 103
General Information
Standard status
Active
Size
1,372 SF
Zoning
B3
Additional Details
HOA Fee
$849.48
Building Details
Building Size
1,372 SF
Year Built
2003
Tenancy
Multi
Listing Agency:
Tamara Williams and Company
Listed By:
Tamara Williams · License #BRO-53659
(406) 223-6823
Source:
Purewestrealestate
Added: May 27
Changed: Oct 4
Last Checked: Oct 19 at 3:19AM
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 Tamara Williams and Company
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Investment Insights
Based on property information with market context.
This commercial condominium is arranged as two separate tenant spaces within the River Rock Business Complex. One interior-access portion is occupied by a martial arts tenant. The second space fronts the parking area and includes a showroom or open work area, private office or treatment room, restroom, and back office or changing areas. Shared parking serves the property, and the unit was built in 2003.
The property carries B3 zoning and is positioned within an established commercial and residential corridor near River Rock Pond, Amsterdam Road, River Rock Road, and Jackrabbit Lane. Association services include water, sewer, electric, garbage service, exterior maintenance, and cleaning of common areas. Recent improvements to the complex include new roofing and siding.
The property carries B3 zoning and is positioned within an established commercial and residential corridor near River Rock Pond, Amsterdam Road, River Rock Road, and Jackrabbit Lane. Association services include water, sewer, electric, garbage service, exterior maintenance, and cleaning of common areas. Recent improvements to the complex include new roofing and siding.
Key Highlights
- Two separately configured tenant spaces within one commercial condominium
- One interior‑access space is occupied by a martial arts tenant
- Second space faces the parking area with direct access and visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,077
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,540
$321.5K
Cap Rate 7%
$229,671
$229.7K
Cap Rate 9%
$178,633
$178.6K
Market Conditions
NOI Build-Up for 1,372 SF
Gross rent
$24.7K $18.00/SF
− Vacancy
−$1.7K −$1.26/SF
EGI
$23.0K $16.74/SF
− OpEx
−$6.9K −$5.02/SF
NOI
$16.1K $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%
$321,540
Cap Rate 7%
$229,671
Cap Rate 9%
$178,633
Alternative Uses
Best Use
Office B
$288.3K
$252.3K – $336.4K
NOI $20,183 @ 7.0% cap · market cap 10.09%
Second Best
Retail
$229.7K
$201.0K – $268.0K
NOI $16,077 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$358.3K
$313.5K – $418.0K
NOI $25,078 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
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 - B3-zoned commercial condominium with shared parking and an existing martial arts occupant in one separately configured space.
Where is this office unit located?
The property is located at 129 Village Drive Unit 103 Belgrade, MT.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two separately configured tenant spaces within one commercial condominium; One interior‑access space is occupied by a martial arts tenant; Second space faces the parking area with direct access and visibility
