Listing Agency: Berkshire Hathaway - Bozeman m***@bhhsmt.com Show Phone

Listed By: Nicole Taranto · License #RBS-46320 Show Phone

Source: Exprealty

Added: Jan 17, 2025 Changed: Oct 2 Last Checked: Oct 19 at 11:12AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,439-square-foot commercial condominium features a modern insulated metal building with heating, 18-foot ceilings, and a 14'x14' garage door. The configuration provides functional warehouse space for commercial operations, inventory storage, large vehicles, and recreational equipment.

The property is located in North Belgrade near Bozeman Yellowstone International Airport, with interstate access minutes away and a direct route toward Big Sky. Its position serves the broader Bozeman-area commercial market while offering a low-maintenance building format.

Key Highlights

• 1,439‑square‑foot commercial condominium
• Modern insulated metal construction with heating
• 18‑foot ceilings for warehouse functionality

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,145

Cap Rate

3.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$362,900 $362.9K

Cap Rate 7%

$259,214 $259.2K

Cap Rate 9%

$201,611 $201.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,439 SF

Gross rent

$21.6K $15.00/SF

− Vacancy

−$237 −$0.17/SF

EGI

$21.3K $14.83/SF

− OpEx

−$3.2K −$2.23/SF

NOI

$18.1K $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 Rate 5%

$362,900

Cap Rate 7%

$259,214

Cap Rate 9%

$201,611

Alternative Uses

Best Use

Warehouse

$259.2K

$226.8K – $302.4K (±1% cap)

NOI $18,145 @ 7.0% cap · market cap 3.71%

Second Best

Flex RnD

$250.1K

$218.8K – $291.8K (±1% cap)

NOI $17,507 @ 7.0% cap · market cap 3.58%

Theoretical Best

Office A

$375.8K

$328.8K – $438.4K (±1% cap)

NOI $26,303 @ 7.0% cap · market cap 5.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Pharmacy (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

485

Businesses Nearby

Balanced

Demand for This Use

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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar For Sale Nearby

See more

Heated Warehouse Condo

1102 Jackrabbit Lane, Belgrade, MT 59714

$500,925

1,449 SF

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Insulated Warehouse Condo

4-1102 N Jackrabbit Ln, Belgrade, MT 59714

$500,925

1,449 SF

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Heated Warehouse Condo

3-1102 N Jackrabbit Ln, Belgrade, MT 59714

$472,550

1,454 SF

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Flex Space with Overhead Door

209 Jetway Drive, Unit L, Belgrade, MT 59714

$375,000

1,600 SF

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Flex Space with Overhead Door

211 Jetway Drive, Belgrade, MT 59714

$359,000

1,600 SF

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Flex Space with High-Clearance Shop

G-211 Jetway Dr, Belgrade, MT 59714

$359,000

1,600 SF

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Flex Space with Mezzanine

D-211 Jetway Dr, Belgrade, MT 59714

$415,000

1,759 SF

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New Construction Flex Space

155 Bomont Lane, Belgrade, MT 59714

$345,000

1,250 SF

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New Construction Flex Space

155 Bomont Lane, Belgrade, MT 59714

$345,000

1,250 SF

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Flex Space with Secure Yard

170 Andrea Drive, Unit 10, Belgrade, MT 59714

$369,900

1,800 SF

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New Flex Space with Mezzanine

122 DonJo Avenue, Belgrade, MT 59714

$585,000

2,203 SF

View details

Mixed-Use Live-Work Unit

205 Fletching Way, Belgrade, MT 59714

$650,000

2,411 SF

View details

Similar Off Market Nearby

• Columbia Grain — 110 Northern Pacific Ave, Belgrade, MT 59714
• Silver Eagle Storage — 103 W Missoula Ave, Belgrade, MT 59714
• Auto Storage By Osterman's — 11 Arden Dr, Belgrade, MT 59714

Frequently Asked Questions

What type of property is this?

Warehouse - Insulated commercial space with heating, high ceilings, and a large garage door.

Where is this warehouse located?

The property is located at 1-1102 Jackrabbit Ln Belgrade, MT.

What is the asking price?

The asking price for this property is $489,260.

What are key features of this property?

This property features: 1,439‑square‑foot commercial condominium; Modern insulated metal construction with heating; 18‑foot ceilings for warehouse functionality