Flex Shop with Trade
For Sale
$925,000
412 E Railroad Avenue N, Manhattan, MT 59741
Shop property with office areas, overhead heating, radiant heat, dust collection, and an air system for trade-oriented operations.
Property Size5,376 SF
Price / SF$172.06
Days on Market42
Property Features for 412 E Railroad Avenue N
General Information
Standard status
Active
Size
5,376 SF
Additional Details
Gross Income
$85,200
Listing Agency:
Corder and Associates LLC
Listed By:
Trampus Corder · License #RRE-BRO-LIC-38039
(406) 622-3224
Source:
Dunndeal
Added: Aug 26
Changed: Oct 1
Last Checked: Oct 5 at 6:15PM
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 Corder and Associates LLC
Investment Insights
Based on property information with market context.
This flex-space shop includes three overhead heaters, separate offices with radiant heating, a dust collector, and an air system. The improvements support woodworking, metalworking, and similar trade uses. The property is located at 412 E Railroad Avenue N in Manhattan, Montana.
Key Highlights
- Three overhead heaters serve the shop area
- Separate offices feature radiant heating
- Dust collector and air system included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,406
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,120
$1.3M
Cap Rate 7%
$934,371
$934.4K
Cap Rate 9%
$726,733
$726.7K
Market Conditions
NOI Build-Up for 5,376 SF
Gross rent
$107.7K $20.04/SF
− Vacancy
−$7.1K −$1.32/SF
EGI
$100.6K $18.72/SF
− OpEx
−$35.2K −$6.55/SF
NOI
$65.4K $12.17/SF
Area
Gallatin County, MT
Vacancy
6.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,120
Cap Rate 7%
$934,371
Cap Rate 9%
$726,733
Alternative Uses
Best Use
Flex RnD
$934.4K
$817.6K – $1.09M
NOI $65,406 @ 7.0% cap · market cap 7.07%
Second Best
Industrial
$797.5K
$697.8K – $930.5K
NOI $55,827 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,265 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59741, MT
5,397
Population
2,330
Households
2.3
Avg Household Size
39
Median Age
36%
College-Educated
99%
High-School Grad
164.9 sq mi
ZIP Area
33
Density / Sq Mi
$86,382
Median Household Income
$48,460
Median Earnings
$1,676
Median Rent
$562,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Shop property with office areas, overhead heating, radiant heat, dust collection, and an air system for trade-oriented operations.
Where is this flex space located?
The property is located at 412 E Railroad Avenue N Manhattan, MT.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three overhead heaters serve the shop area; Separate offices feature radiant heating; Dust collector and air system included
