Flex Space with Heated
New
For Sale
$325,000
14 Culver Place Unit 5, Manhattan, MT 59741
CommercialSale, Manhattan, MT
Property Size1,500 SF
Lot Size0.65 Acres
Price / SF$216.67
Days on Market7
Property Features for 14 Culver Place Unit 5
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
Manhattan
Zoning description
None/Unknown
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
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
1,500 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 12 at 9:06AM
MLS# 415275
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.
This flex space pairs a heated metal shop with a separate office and private bathroom. The shop has 18-foot ceilings and epoxy-finished flooring, with forced-air natural gas heat and central air conditioning. Public water and sewer serve the property.
Located in Manhattan’s Central Business District, the unit is within 1 mile of I-90. A newly paved parking lot is also provided.
Located in Manhattan’s Central Business District, the unit is within 1 mile of I-90. A newly paved parking lot is also provided.
Key Highlights
- Heated metal shop with 18 ft ceilings
- 1,375 +/- sq ft shop and 175 +/- sq ft office
- Private bathroom and epoxy clear‑coat‑finished floors
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.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
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
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Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A heated shop, separate office and private bathroom support a range of business configurations.
Where is this flex space located?
The property is located at 14 Culver Place 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 18 ft ceilings; 1,375 +/- sq ft shop and 175 +/- sq ft office; Private bathroom and epoxy clear‑coat‑finished floors
