Flex Warehouse with Dock
For Sale
Contact for pricing
6597 Falcon Ln, Bozeman, MT 59718
Flex warehouse with three-phase power, office, break-room, and one dock high plus two grade level doors.
Property Size10,388 SF
Price / SF$231.04
Days on Market585
Property Features for 6597 Falcon Ln
General Information
Standard status
Active
Size
10,388 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Highway Access
Yes
Properties For Sale
at 6597 Falcon Ln Contact us- Floor
- Bldg
- Size
- 10,388 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
6597 Falcon Ln
- SterlingCRE Advisors is excited to introduce 6579 Falcon Lane in Bozeman, Montana....
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Contact us
Listing Agency:
Sterling CRE Advisors
(406) 203-4547
Listed By:
Casey Rose CCIM
(406) 414-7507
Source:
Moodyscre
Added: Jan 31, 2025
Changed: Aug 8
Last Checked: Jul 22 at 11:54PM
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 Sterling CRE Advisors
Investment Insights
Based on property information with market context.
This flex warehouse is designed to accommodate a variety of uses, with a flexible interior layout that includes office space plus a break-room. The property features three-phase power and includes one private office, two bathrooms, and break-room.
Improvements include one dock high loading door and two grade level doors for loading flexibility. The building is located in a flexible, mixed use zoning district that allows for a variety of uses.
Access supports operations serving the Bozeman area, with convenient access to Bozeman and Belgrade. The site is positioned near the junction of Huffine Lane and Highway 191 for practical regional connectivity.
Improvements include one dock high loading door and two grade level doors for loading flexibility. The building is located in a flexible, mixed use zoning district that allows for a variety of uses.
Access supports operations serving the Bozeman area, with convenient access to Bozeman and Belgrade. The site is positioned near the junction of Huffine Lane and Highway 191 for practical regional connectivity.
Key Highlights
- 10,388 SF flex warehouse near the junction of Huffine Lane and Highway 191 in Bozeman, MT
- Three‑phase power for industrial use
- Flexible interior layout with 1 private office, break‑room, and 2 bathrooms
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
$130,990
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
5.46%
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%
$2,619,800
$2.6M
Cap Rate 7%
$1,871,286
$1.9M
Cap Rate 9%
$1,455,444
$1.5M
Market Conditions
NOI Build-Up for 10,388 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
$155.8K $15.00/SF
− Vacancy
−$1.7K −$0.17/SF
EGI
$154.1K $14.83/SF
− OpEx
−$23.1K −$2.23/SF
NOI
$131.0K $12.61/SF
Area
Gallatin County, MT
Vacancy
1.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$2,619,800
Cap Rate 7%
$1,871,286
Cap Rate 9%
$1,455,444
Alternative Uses
Best Use
Warehouse
$1.87M
$1.64M – $2.18M
NOI $130,990 @ 7.0% cap · market cap 5.46%
Second Best
Flex RnD
$1.81M
$1.58M – $2.11M
NOI $126,383 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,876 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59718, MT
43,831
Population
19,765
Households
2.2
Avg Household Size
33
Median Age
57%
College-Educated
97%
High-School Grad
164.5 sq mi
ZIP Area
266
Density / Sq Mi
$91,852
Median Household Income
$44,915
Median Earnings
$1,748
Median Rent
$579,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse with three-phase power, office, break-room, and one dock high plus two grade level doors.
Where is this flex space located?
The property is located at 6597 Falcon Ln Bozeman, MT.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 10,388 SF flex warehouse near the junction of Huffine Lane and Highway 191 in Bozeman, MT; Three‑phase power for industrial use; Flexible interior layout with 1 private office, break‑room, and 2 bathrooms
