Commercial Condo Office
For Sale
$99,900
Pending
129 Village, Belgrade, MT 59714
Flexible commercial condo suite with large windows and a layout suited for office, professional services, or retail showroom use.
Property Size386 SF
Days on Market23
Property Features for 129 Village
General Information
Standard status
Pending
Size
386 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$682
Building Details
Year Built
2003
Listing Agency:
Windermere Great Divide-Bozeman
(406) 580-7029
Listed By:
Dina Emmert · License #RRE-BRO-LIC-45433
Source:
Clearwaterproperties
Added: Jul 19
Changed: Aug 8
Last Checked: Aug 9 at 7:58AM
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
Investment Insights
Based on property information with market context.
Commercial condo unit 302 at 129 Village Drive offers a functional, flexible interior layout that can work for office, professional services, retail showroom, or other approved commercial uses. The space is designed to support a range of configurations, including private offices, open work areas, and meeting space, while large windows provide natural light throughout.
The unit is located within a well-positioned commercial development with ample nearby parking and easy access, designed to serve both clients and customers. It benefits from convenient proximity to Belgrade’s expanding residential neighborhoods and downtown business district, as well as access toward Bozeman Yellowstone International Airport and Interstate routes.
This offering provides a convenient ownership option for an operator or investor seeking a versatile commercial suite in a growing Gallatin Valley market.
The unit is located within a well-positioned commercial development with ample nearby parking and easy access, designed to serve both clients and customers. It benefits from convenient proximity to Belgrade’s expanding residential neighborhoods and downtown business district, as well as access toward Bozeman Yellowstone International Airport and Interstate routes.
This offering provides a convenient ownership option for an operator or investor seeking a versatile commercial suite in a growing Gallatin Valley market.
Key Highlights
- Commercial condo unit at 129 Village Drive, Unit 302, built in 2003
- Versatile layout suited for office, professional services, or retail showroom use (subject to approved commercial uses)
- Large windows for natural light throughout the unit
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
$5,678
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
5.68%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
Yes
Highway 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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial condo suite with large windows and a layout suited for office, professional services, or retail showroom use.
Where is this office units located?
The property is located at 129 Village 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 at 129 Village Drive, Unit 302, built in 2003; Versatile layout suited for office, professional services, or retail showroom use (subject to approved commercial uses); Large windows for natural light throughout the unit
