New Construction Flex
For Sale
$345,000
155 Bomont Lane, Belgrade, MT 59714
CommercialSale, Belgrade, MT
Property Size1,250 SF
Price / SF$276
Days on Market361
Property Features for 155 Bomont Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C
Directions
5250 Jackrabbit lane will show on address search. Turn East off of Jackrabbit lane onto Bomont lane, building is tucked in behind United Rentals yard. No access from Bartz lane
Subdivision
3S - Belgrade Area S of I90
Standard status
Active
APN
00RFF87426
Size
1,250 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 2B of the Final Plat of Minor Subdivision No. 205A, being amended plat of Lot 1A, Minor Subdivision No. 205, located in the SW 1/4 of Sec. 13, T.1 S., R. 4 E, of P.M.M., Gallatin County, Montana, according to the official plat thereof on file and of record in office of the County Clerk & ...
Tax Annual Amount
1
HOA Fee
$913 Annually
Legal Description
Lot 2B of the Final Plat of Minor Subdivision No. 205A, being amended plat of Lot 1A, Minor Subdivision No. 205, located in the SW 1/4 of Sec. 13, T.1 S., R. 4 E, of P.M.M., Gallatin County, Montana, according to the official plat thereof on file and of record in office of the County Clerk & ...
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
2024
Listing Agency:
eXp Realty, LLC
(406) 578-4399
Listed By:
Shawn Olsen · License #RBS-32062
(406) 581-3367
Added: Oct 7, 2025
Changed: Sep 15
Last Checked: Oct 2 at 12:06PM
MLS# 406298
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 2024-built flex space contains 1,250 square feet with a 14' x 14' overhead garage door, electric opener, 6-inch concrete slab, and a natural gas forced-air unit heater. Ceiling heights measure 19'-11" at the front and 16'-3" at the rear, with an option for a mezzanine in the back third. The unit also includes a French drain, elevated sliding window, walk-through entry door, insulated walls and ceiling, and a fully paved entrance. No bathroom is present, and the unit is not permitted for bathroom installation.
The commercial condominium sits along the Jackrabbit corridor between Belgrade and Four Corners, with access from Jackrabbit Lane and a stated five-minute drive to Bozeman Airport. Electric security gates with keypad entry and a 6' chain-link perimeter fence topped with barbed wire provide controlled site access.
Potential uses identified for the property include collector vehicle, RV or boat storage, small business operations, hobbies, workshops, furniture storage, and general storage. Condo association approval is required for all businesses; engine shops and mechanic shops are prohibited, and outside equipment or trailer parking is not allowed.
The commercial condominium sits along the Jackrabbit corridor between Belgrade and Four Corners, with access from Jackrabbit Lane and a stated five-minute drive to Bozeman Airport. Electric security gates with keypad entry and a 6' chain-link perimeter fence topped with barbed wire provide controlled site access.
Potential uses identified for the property include collector vehicle, RV or boat storage, small business operations, hobbies, workshops, furniture storage, and general storage. Condo association approval is required for all businesses; engine shops and mechanic shops are prohibited, and outside equipment or trailer parking is not allowed.
Key Highlights
- 1,250‑square‑foot commercial condominium completed in 2024
- 14' x 14' overhead garage door with electric opener
- Ceiling heights of 19'-11" in front and 16'-3" in back
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,240
$315.2K
Cap Rate 7%
$225,171
$225.2K
Cap Rate 9%
$175,133
$175.1K
Market Conditions
NOI Build-Up for 1,250 SF
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.
Gross rent
$18.8K $15.00/SF
− Vacancy
−$206 −$0.17/SF
EGI
$18.5K $14.83/SF
− OpEx
−$2.8K −$2.23/SF
NOI
$15.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,240
Cap Rate 7%
$225,171
Cap Rate 9%
$175,133
Alternative Uses
Best Use
Warehouse
$225.2K
$197.0K – $262.7K
NOI $15,762 @ 7.0% cap · market cap 4.57%
Second Best
Flex RnD
$217.3K
$190.1K – $253.5K
NOI $15,208 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$326.4K
$285.6K – $380.8K
NOI $22,848 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
19 ft
Clear height
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59714, MT
22,333
Population
10,043
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
97%
High-School Grad
418.2 sq mi
ZIP Area
53
Density / Sq Mi
$89,217
Median Household Income
$47,587
Median Earnings
$1,558
Median Rent
$490,000
Median Home Value
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 - Heated commercial condominium with gated access, paved grounds, and flexible storage or workshop potential.
Where is this flex space located?
The property is located at 155 Bomont Lane Belgrade, MT.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,250‑square‑foot commercial condominium completed in 2024; 14' x 14' overhead garage door with electric opener; Ceiling heights of 19'-11" in front and 16'-3" in back
