Mixed-Use Property with
157 Progressive Drive, Belgrade, MT 59714
For Sale
$2,999,000
NC-zoned improvements include covered space and an outdoor area for equipment, vehicles, materials, or staging.
Property Size8,912 SF
Lot Size5.50 Acres
Price / SF$336.51
Days on Market49
Property Features for 157 Progressive Drive
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Outdoor Storage
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
EndState Commercial
Listed By:
Ryan Springer · License MT RRE-BRO-LIC-88623
(406) 579-5586
Source:
Outlaw
Added: Sep 26
Changed: Nov 2
Last Checked: Nov 12 at 5:04AM
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 EndState Commercial
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Investment Insights
Based on property information with market context.
Built in 2007, this mixed-use property contains 8,912 square feet of improvements on 5.5 acres. Covered space is complemented by an expansive outdoor area that can accommodate equipment, fleet vehicles, materials, or staging. The property is zoned NC-Neighborhood Commercial.
Located in unincorporated Gallatin County, the site is two miles east of Bozeman Yellowstone International Airport.
Located in unincorporated Gallatin County, the site is two miles east of Bozeman Yellowstone International Airport.
Key Highlights
- 8,912 square feet of mixed‑use space on 5.5 acres
- Covered space and yard for equipment, fleet vehicles, materials, or staging
- NC‑Neighborhood Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,585
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,451,700
$2.5M
Cap Rate 7%
$1,751,214
$1.8M
Cap Rate 9%
$1,362,056
$1.4M
Market Conditions
NOI Build-Up for 8,912 SF
Gross rent
$213.9K $24.00/SF
− Vacancy
−$17.8K −$1.99/SF
EGI
$196.1K $22.01/SF
− OpEx
−$73.6K −$8.25/SF
NOI
$122.6K $13.76/SF
Area
Gallatin County, MT
Vacancy
8.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,451,700
Cap Rate 7%
$1,751,214
Cap Rate 9%
$1,362,056
Alternative Uses
Best Use
Mixed Use
$1.75M
$1.53M – $2.04M
NOI $122,585 @ 7.0% cap · market cap 4.09%
Second Best
Warehouse
$1.61M
$1.40M – $1.87M
NOI $112,378 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$2.33M
$2.04M – $2.71M
NOI $162,897 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - NC-zoned improvements include covered space and an outdoor area for equipment, vehicles, materials, or staging.
Where is this mixed-use property located?
The property is located at 157 Progressive Drive Belgrade, MT.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 8,912 square feet of mixed‑use space on 5.5 acres; Covered space and yard for equipment, fleet vehicles, materials, or staging; NC‑Neighborhood Commercial zoning
