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 Market323
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
$350 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
Natural Gas, Forced Air
Amenities
electric security gates
keypad entry
ceiling hung gas unit heater
gated entrance
fully paved lot
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: Aug 19
Last Checked: Aug 25 at 4:06PM
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 1,250-square-foot commercial condo was built in 2024 and configured for flexible storage, workshop, hobby, and small-business applications. The unit includes a 14' x 14' overhead garage door with electric opener, a 6-inch concrete slab, a high sliding window, walk-through entry door, French drain, natural-gas unit heater, and insulated walls and ceiling. The front ceiling height is 19'-11", with 16'-3" at the rear, and the back third allows for a mezzanine option.
Access is provided from Jackrabbit Lane through a paved entrance with electric security gates and keypad entry. The perimeter is enclosed by a 6' chain-link fence topped with barbed wire. The property is positioned along the Jackrabbit corridor between Belgrade and Four Corners, approximately five minutes from Bozeman Airport. No bathroom is present, and the unit is not permitted for one. Condo association approval is required for all businesses, while marijuana businesses, engine shops, and mechanic shops are prohibited; outside equipment or trailer parking is also not allowed.
Access is provided from Jackrabbit Lane through a paved entrance with electric security gates and keypad entry. The perimeter is enclosed by a 6' chain-link fence topped with barbed wire. The property is positioned along the Jackrabbit corridor between Belgrade and Four Corners, approximately five minutes from Bozeman Airport. No bathroom is present, and the unit is not permitted for one. Condo association approval is required for all businesses, while marijuana businesses, engine shops, and mechanic shops are prohibited; outside equipment or trailer parking is also not allowed.
Key Highlights
- 1,250 square feet of flex space in a 2024 commercial condo
- 14' x 14' overhead garage door with electric opener
- 19'-11" front ceiling height and 16'-3" rear ceiling height
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
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 unit with gated access, paved entry, and adaptable workspace features.
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 feet of flex space in a 2024 commercial condo; 14' x 14' overhead garage door with electric opener; 19'-11" front ceiling height and 16'-3" rear ceiling height
