Versatile Flex Shop
14 Culver Place 5 Manhattan, MT 59741
14 Culver Place 5, Manhattan, MT, 59741
$375,000
For Sale
$375,000
New construction flex condo includes a heated metal shop with high ceilings and a small office with private bathroom.
Property Size1,500 SF
Price / SF$250
Days on Market76
Property Features for 14 Culver Place 5
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing agency
Bozeman Brokers
(208) 507-1613
Listed by
Eli Kretzmann
(208) 507-1613
Source
Outlaw
Added: May 9 Updated: Jul 22 at 9:45PM Checked: Jul 22 at 9:45PM
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 Bozeman Brokers
Investment Insights
Based on property information with market context.
Newly built commercial condo offers a versatile layout for a range of business or personal uses. The space includes a heated metal shop with approximately 18-foot high ceilings and epoxy clear-coat-finished floors, along with an office area that features a private bathroom.
The property is located in Manhattan’s Central Business District and is estimated to be completed for closing in summer 2026, subject to final plat approval. It includes a newly paved parking lot with ample parking and is described as being within 1 mile of I-90 for convenient access.
The unit is identified as approximately 1,500 square feet total, combining the shop area and office space into a low-maintenance, functional configuration.
The property is located in Manhattan’s Central Business District and is estimated to be completed for closing in summer 2026, subject to final plat approval. It includes a newly paved parking lot with ample parking and is described as being within 1 mile of I-90 for convenient access.
The unit is identified as approximately 1,500 square feet total, combining the shop area and office space into a low-maintenance, functional configuration.
Key Highlights
- Newly built 1,500 +/- SF versatile commercial condo (Year Built 2025) in Manhattan’s Central Business District, with space for business or personal use
- Includes a 1,375 +/- SF heated metal shop with 18 ft high ceilings and epoxy clear‑coat finished floors
- Includes a 175 +/- SF office space with a private bathroom
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $15.00 |
| − Vacancy | −$248 | −$0.17 |
| EGI | $22.3k | $14.83 |
| − OpEx | −$3.3k | −$2.23 |
| NOI | $18.9k | $12.61 |
1,500 SF · lease $15.00/SF/yr · vacancy 1.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$270.2K
$236.4K – $315.3K
NOI $18,915 @ 7.0% cap · market cap 5.04%
Second Best
Flex RnD
$260.7K
$228.1K – $304.2K
NOI $18,249 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - New construction flex condo includes a heated metal shop with high ceilings and a small office with private bathroom.
Where is this flex space located?
The property is located at 14 Culver Place 5 Manhattan, MT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Newly built 1,500 +/- SF versatile commercial condo (Year Built 2025) in Manhattan’s Central Business District, with space for business or personal use; Includes a 1,375 +/- SF heated metal shop with 18 ft high ceilings and epoxy clear‑coat finished floors; Includes a 175 +/- SF office space with a private bathroom
