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    Industrial Warehouse Condo with Mezzanine Title is generated by Realmo AI

    190 Skyway Boulevard 5, Belgrade, MT 59714

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    For Sale
    $850,000

    Concrete heavy-truck warehouse space with a mezzanine, high ceilings, and direct loading via two overhead doors.

    Type:Commercial
    Property size:
    4,143 SF
    Price / SF:
    $205/SF
    Added:
    Apr 30, 2026
    Days on Market:
    63
    Last Refresh:
    Jul 1 at 3:58 am

    Property Features for 190 Skyway Boulevard 5

    General Information

    Standard status
    Active
    Size
    4,143 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2024

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    Carrie Bryan

    Listing office Berkshire Hathaway - Bozeman

    Listing date Apr 30, 2026

    Source Outlaw

    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 Berkshire Hathaway - Bozeman

    HighLights

    • Commercial condo built in 2024 with approx. 3,855 SF plus approx. 288 SF mezzanine (approx. 4,143 SF total)
    • Concrete floors 5 in. thick with reinforced rebar for heavy trucks, sloped into drain boxes
    • 17‑ft floor‑to‑ceiling height with approx. 8‑ft‑high mezzanine
    • Two 12 x 14 overhead doors with lot layout allowing big trucks to loop and easy backing for large trailers
    • Shop features a 300,000 BTU Modine natural gas unit and high‑bay LED lighting; seller notes economical heating
    • Electrical and utilities: 200 AMP panel, three‑phase power available, hot/cold water to shop, and washer/dryer hookups

    Overview

    This for-sale commercial condo offers approximately 3,855 square feet of warehouse/shop space with an approximately 288-square-foot mezzanine, for a total of about 4,143 square feet. The concrete floors are 5 inches thick with reinforced rebar for heavy truck use, and the slab is sloped into drain boxes. Interior walls are SIP panels with 6-inch thickness, supporting a functional, utilitarian shop environment.

    The property includes a 17-foot floor-to-ceiling height, creating an approximately 8-foot-high mezzanine. An approximately 12-by-12 office is heated and cooled with a mini-split system. A separate 12-by-12 mechanical room includes a toilet and sink, plus a shower stall, and is served by electric baseboard heat. The shop includes hot and cold water connections and washer and dryer hookups.

    For operations, the shop is heated with a 300,000 BTU Modine natural gas unit, and the interior features a painted white finish with a white metal ceiling. A 200-amp electrical panel and high bay LED lighting are in place, and three-phase power is available. The lot is designed to allow big trucks to loop around the building, with access for backing large trailers to the front 12-by-14 overhead doors.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $87.0k $21.00
    − Vacancy −$5.7k −$1.39
    EGI $81.3k $19.61
    − OpEx −$20.3k −$4.90
    NOI $60.9k $14.71
    4,143 SF · lease $21.00/SF/yr · vacancy 6.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $870.7K
    $761.8K – $1.02M (±1% cap)
    NOI $60,946 @ 7.0% cap · market cap 7.17%
    Second Best
    Warehouse
    $746.3K
    $653.0K – $870.7K (±1% cap)
    NOI $52,242 @ 7.0% cap · market cap 6.15%
    Theoretical Best
    Office A
    $1.08M
    $946.6K – $1.26M (±1% cap)
    NOI $75,727 @ 7.0% cap · market cap 8.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    The Roofing Center Roofing Company Paul Harris Art Art Gallery

    Suggested Use

    Restaurant Building Supply Gym & Fitness Center Kitchen & Bath Showroom Storage Facility Auto Repair Shop Cafe & Coffee Shop Car Rental Facility Electrical Service Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.1403191
    Latitude
    45.7860455

    FAQs

    What type of property is this?
    Flex space - Concrete heavy-truck warehouse space with a mezzanine, high ceilings, and direct loading via two overhead doors.
    Where is this flex space located?
    The property is located at 190 Skyway Boulevard 5 Belgrade, MT.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Commercial condo built in 2024 with approx. 3,855 SF plus approx. 288 SF mezzanine (approx. 4,143 SF total); Concrete floors 5 in. thick with reinforced rebar for heavy trucks, sloped into drain boxes; 17‑ft floor‑to‑ceiling height with approx. 8‑ft‑high mezzanine
    More about this property
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