Commercial Condo Office/Showroom
For Sale
$99,900
129 Village Drive Unit 302, Belgrade, MT 59714
Commercial condo unit with large windows and a flexible interior layout for office or showroom use.
Property Size386 SF
Price / SF$258.81
Days on Market165
Property Features for 129 Village Drive Unit 302
General Information
Standard status
Active
Size
386 SF
Zoning
B3
Building Details
Building Size
386 SF
Year Built
2003
Listing Agency:
Windermere Great Divide-Bozeman
Listed By:
Dina Emmert · License #RRE-BRO-LIC-45433
(406) 580-7029
Source:
Purewestrealestate
Added: May 14
Changed: Oct 23
Last Checked: Oct 24 at 1:34PM
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 Windermere Great Divide-Bozeman
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Investment Insights
Based on property information with market context.
This commercial condo (Unit 302) at 129 Village Drive offers a flexible interior layout designed to support a range of commercial needs, including office, professional services, retail showroom, or other approved commercial uses. The space includes large windows for natural light and an efficient floor plan that can be arranged for private offices, open work areas, meeting space, or customized operations.
The unit is located within a commercial development described as providing convenient, easy access and ample nearby parking. The property is positioned near Belgrade’s expanding residential neighborhoods, the downtown business district, and in proximity to Bozeman Yellowstone International Airport and Interstate access.
The offering is an ownership opportunity for a tenant seeking their own space or an investor looking to add a commercial condo to a portfolio.
The unit is located within a commercial development described as providing convenient, easy access and ample nearby parking. The property is positioned near Belgrade’s expanding residential neighborhoods, the downtown business district, and in proximity to Bozeman Yellowstone International Airport and Interstate access.
The offering is an ownership opportunity for a tenant seeking their own space or an investor looking to add a commercial condo to a portfolio.
Key Highlights
- Commercial condo unit built in 2003 at 129 Village Drive, Unit 302
- Flexible interior layout suitable for office, professional services, retail showroom, or other approved commercial uses
- Large windows for natural light throughout the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,678
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$113,560
$113.6K
Cap Rate 7%
$81,114
$81.1K
Cap Rate 9%
$63,089
$63.1K
Market Conditions
NOI Build-Up for 386 SF
Gross rent
$8.1K $21.00/SF
− Vacancy
−$535 −$1.39/SF
EGI
$7.6K $19.61/SF
− OpEx
−$1.9K −$4.90/SF
NOI
$5.7K $14.71/SF
Area
Gallatin County, MT
Vacancy
6.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$113,560
Cap Rate 7%
$81,114
Cap Rate 9%
$63,089
Alternative Uses
Best Use
Office B
$81.1K
$71.0K – $94.6K
NOI $5,678 @ 7.0% cap · market cap 5.68%
Second Best
Retail
$64.6K
$56.5K – $75.4K
NOI $4,523 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$100.8K
$88.2K – $117.6K
NOI $7,055 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial condo unit with large windows and a flexible interior layout for office or showroom use.
Where is this office unit located?
The property is located at 129 Village Drive Unit 302 Belgrade, MT.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Commercial condo unit built in 2003 at 129 Village Drive, Unit 302; Flexible interior layout suitable for office, professional services, retail showroom, or other approved commercial uses; Large windows for natural light throughout the unit
