Flex Space with
New
For Sale
$430,000
209 Jetway Drive Unit K, Belgrade, MT 59714
A high-clear shop pairs oversized vehicle access with work-support amenities and a flexible upper level.
Property Size2,545 SF
Price / SF$168.96
Days on Market2
Property Features for 209 Jetway Drive Unit K
General Information
Standard status
Active
Size
2,545 SF
Property subtype
Commercial
Zoning
C
Warehouse & Industrial
Clear Height
18 ft
Mezzanine
945 SF
Taxes and HOA fees
Annual Taxes
$1,701
Building Details
Building Size
2,545 SF
Year Built
2008
Listing Agency:
Century 21 Heritage Realty
(406) 995-2404
Listed By:
Michael Pitcairn
(406) 539-6060
Source:
Outlaw
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:34AM
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 Century 21 Heritage Realty
Investment Insights
Based on property information with market context.
This 2008 flex condominium combines approximately 1,600 square feet of main-level shop and utility area with a 945-square-foot mezzanine, for 2,545 square feet overall. The shop has an 18-foot ceiling and a 14-foot overhead door. A bathroom, laundry area, and kitchen are also on the main floor; the mezzanine can accommodate office, lounge, or storage functions. Zoning is C.
The property is next to Yellowstone International Airport and Belgrade’s commercial corridor. Its shop, overhead access, and upper-level area provide distinct spaces for work and storage.
The property is next to Yellowstone International Airport and Belgrade’s commercial corridor. Its shop, overhead access, and upper-level area provide distinct spaces for work and storage.
Key Highlights
- 2,545 square feet overall, including approximately 1,600 sf on the main level and a 945 sf mezzanine
- 18' bay height and a 14' overhead door
- Main level includes a full bathroom, laundry, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,092
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,840
$641.8K
Cap Rate 7%
$458,457
$458.5K
Cap Rate 9%
$356,578
$356.6K
Market Conditions
NOI Build-Up for 2,545 SF
Gross rent
$38.2K $15.00/SF
− Vacancy
−$420 −$0.17/SF
EGI
$37.8K $14.83/SF
− OpEx
−$5.7K −$2.23/SF
NOI
$32.1K $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 Rate 5%
$641,840
Cap Rate 7%
$458,457
Cap Rate 9%
$356,578
Alternative Uses
Best Use
Warehouse
$458.5K
$401.2K – $534.9K
NOI $32,092 @ 7.0% cap · market cap 7.46%
Second Best
Flex RnD
$442.3K
$387.0K – $516.1K
NOI $30,963 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$664.6K
$581.5K – $775.3K
NOI $46,519 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
86
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
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
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Frequently Asked Questions
What type of property is this?
Flex space - A high-clear shop pairs oversized vehicle access with work-support amenities and a flexible upper level.
Where is this flex space located?
The property is located at 209 Jetway Drive Unit K Belgrade, MT.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2,545 square feet overall, including approximately 1,600 sf on the main level and a 945 sf mezzanine; 18' bay height and a 14' overhead door; Main level includes a full bathroom, laundry, and kitchen
