Flex Space with Heated
For Sale
$325,000
14 Culver Pl Unit 5, Manhattan, MT 59741
A newly built commercial condo combines heated work space with a separate office and private bathroom.
Property Size1,500 SF
Price / SF$216.67
Days on Market19
Property Features for 14 Culver Pl Unit 5
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
1,375 SF
Office Build-Out
175 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2025
Listing Agency:
Realty Executives
Listed By:
Jason Zalac · License #BRO-14799
(406) 570-0297
Source:
Bozemanbigskyproperties
Added: Oct 5
Changed: Oct 21
Last Checked: Oct 23 at 7:12AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly constructed commercial condo in Manhattan’s Central Business District has a heated metal shop, a separate office, and a private bathroom. The shop measures approximately 1,375 square feet, with 18-foot ceilings and epoxy-finished floors. The office provides approximately 175 square feet of space.
The property is within 1 mile of I-90. A recently paved parking lot serves the unit.
The property is within 1 mile of I-90. A recently paved parking lot serves the unit.
Key Highlights
- Heated metal shop with approximately 1,375 +/- sq ft
- 18 ft ceilings and epoxy clear‑coat‑finished floors
- Separate office of approximately 175 +/- sq ft with private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,249
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,980
$365.0K
Cap Rate 7%
$260,700
$260.7K
Cap Rate 9%
$202,767
$202.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$30.1K $20.04/SF
− Vacancy
−$2.0K −$1.32/SF
EGI
$28.1K $18.72/SF
− OpEx
−$9.8K −$6.55/SF
NOI
$18.2K $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%
$364,980
Cap Rate 7%
$260,700
Cap Rate 9%
$202,767
Alternative Uses
Best Use
Flex RnD
$260.7K
$228.1K – $304.2K
NOI $18,249 @ 7.0% cap · market cap 5.62%
Second Best
Industrial
$222.5K
$194.7K – $259.6K
NOI $15,577 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
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 - A newly built commercial condo combines heated work space with a separate office and private bathroom.
Where is this flex space located?
The property is located at 14 Culver Pl Unit 5 Manhattan, MT.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Heated metal shop with approximately 1,375 +/- sq ft; 18 ft ceilings and epoxy clear‑coat‑finished floors; Separate office of approximately 175 +/- sq ft with private bathroom
