Flex Space with Heated
New
For Sale
$1,795,000
14 Culver Place, Manhattan, MT 59741
CommercialSale, Manhattan, MT
Property Size9,000 SF
Lot Size0.65 Acres
Price / SF$199.44
Days on Market4
Property Features for 14 Culver Place
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
Manhattan
Zoning description
None/Unknown
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 3, Bathroom 2
Parking features
Garage
Subdivision
Ferris Addition
Directions
Take I-90 W to Manhattan, take Exit 288 to Churchhill Rd, turn right on Wooden Shoe Ln, left on Culver Pl.
Standard status
Active
APN
00REE46365
Size
9,000 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
FARMSTEAD SUB, S10, T01 N, R03 E, LOT 26, ACRES 0.0647, PLAT J-330
Legal Description
FARMSTEAD SUB, S10, T01 N, R03 E, LOT 26, ACRES 0.0647, PLAT J-330
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Listing Agency:
Realty Executives · Realty Executives International
(406) 570-0297
Listed By:
Jason Zalac · License #BRO-14799
(406) 582-0250
Added: Oct 6
Changed: Oct 8
Last Checked: Oct 9 at 11:06AM
MLS# 415376
Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Under construction, this 9,000-square-foot flex building is configured as six 1,500-square-foot units. Each unit includes a 1,375-square-foot heated metal shop with 18-foot ceilings and epoxy clear-coat flooring, plus a 175-square-foot office with a private bathroom.
The property is in Manhattan’s Central Business District, within 1 mile of I-90. The site covers 0.647 acres and includes a newly paved parking lot.
The property is in Manhattan’s Central Business District, within 1 mile of I-90. The site covers 0.647 acres and includes a newly paved parking lot.
Key Highlights
- Six units, each measuring 1,500 square feet
- Each unit includes a 1,375‑square‑foot heated metal shop and 175‑square‑foot office
- Shop features 18‑foot ceilings and epoxy clear‑coat flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,488
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,269,760
$2.3M
Cap Rate 7%
$1,621,257
$1.6M
Cap Rate 9%
$1,260,978
$1.3M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$135.0K $15.00/SF
− Vacancy
−$1.5K −$0.17/SF
EGI
$133.5K $14.83/SF
− OpEx
−$20.0K −$2.23/SF
NOI
$113.5K $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%
$2,269,760
Cap Rate 7%
$1,621,257
Cap Rate 9%
$1,260,978
Alternative Uses
Best Use
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,488 @ 7.0% cap · market cap 6.32%
Second Best
Flex RnD
$1.56M
$1.37M – $1.82M
NOI $109,497 @ 7.0% cap · market cap 6.10%
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
184
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 - A six-unit commercial building combines shop and office space in Manhattan’s Central Business District.
Where is this flex space located?
The property is located at 14 Culver Place 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: Six units, each measuring 1,500 square feet; Each unit includes a 1,375‑square‑foot heated metal shop and 175‑square‑foot office; Shop features 18‑foot ceilings and epoxy clear‑coat flooring
