Six-Unit Flex
For Sale
$1,795,000
14 Culver Pl, Manhattan, MT 59741
Each suite combines a heated metal shop with office space and a private bathroom.
Property Size9,000 SF
Price / SF$199.44
Days on Market18
Property Features for 14 Culver Pl
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Realty Executives
Listed By:
Jason Zalac · License #BRO-14799
(406) 570-0297
Source:
Westmontanahomes
Added: Oct 2
Changed: Oct 19
Last Checked: Oct 12 at 7:44PM
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 Realty Executives
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly built 9,000-square-foot flex property contains six individual units of 1,500 square feet each. In each unit, a 1,375-square-foot heated metal shop is paired with a 175-square-foot office and private bathroom. The shop features 18-foot ceilings and epoxy clear-coat-finished floors.
At 14 Culver Place, the property sits in Manhattan’s Central Business District, within 1 mile of I-90. A newly paved parking lot serves the building.
At 14 Culver Place, the property sits in Manhattan’s Central Business District, within 1 mile of I-90. A newly paved parking lot serves the building.
Key Highlights
- New 9,000‑square‑foot building with six 1,500‑square‑foot units
- Each unit includes a 1,375‑square‑foot heated metal shop and 175‑square‑foot office
- Shop ceilings reach 18 feet; floors have an epoxy clear‑coat finish
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,497
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,189,940
$2.2M
Cap Rate 7%
$1,564,243
$1.6M
Cap Rate 9%
$1,216,633
$1.2M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$180.4K $20.04/SF
− Vacancy
−$11.9K −$1.32/SF
EGI
$168.5K $18.72/SF
− OpEx
−$59.0K −$6.55/SF
NOI
$109.5K $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%
$2,189,940
Cap Rate 7%
$1,564,243
Cap Rate 9%
$1,216,633
Alternative Uses
Best Use
Flex RnD
$1.56M
$1.37M – $1.82M
NOI $109,497 @ 7.0% cap · market cap 6.10%
Second Best
Industrial
$1.34M
$1.17M – $1.56M
NOI $93,461 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,506 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
190
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
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Each suite combines a heated metal shop with office space and a private bathroom.
Where is this flex space located?
The property is located at 14 Culver Pl Manhattan, MT.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: New 9,000‑square‑foot building with six 1,500‑square‑foot units; Each unit includes a 1,375‑square‑foot heated metal shop and 175‑square‑foot office; Shop ceilings reach 18 feet; floors have an epoxy clear‑coat finish
