Two-Unit Flex
New
For Sale
$795,000
209 Jetway Dr Unit K&L, Belgrade, MT 59714
Adjacent shop condominiums combine overhead vehicle access with office, storage, and bathroom amenities.
Property Size4,145 SF
Price / SF$191.80
Days on Market4
Property Features for 209 Jetway Dr Unit K&L
General Information
Standard status
Active
Size
4,145 SF
Property subtype
Commercial
Zoning
C
Warehouse & Industrial
Clear Height
18 ft
Mezzanine
945 SF
Taxes and HOA fees
Annual Taxes
$3,403
Building Details
Building Size
4,145 SF
Year Built
2008
Listing Agency:
Windermere Great Divide-Bozeman
(406) 995-2404
Listed By:
Ashley Keller
(406) 407-2520
Source:
Outlaw
Added: Oct 7
Last Checked: Oct 9 at 5:58PM
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 Windermere Great Divide-Bozeman
Investment Insights
Based on property information with market context.
Two adjacent flex-space condominiums offer shop areas with 18-foot ceilings and 14-foot overhead doors. Each unit has a full bathroom. Unit K also includes a 945-square-foot mezzanine, a small kitchen, water, and a dryer, with additional area for offices, a lounge, or storage. The property was built in 2008 and is zoned C.
The units are near the airport and Belgrade’s commercial corridor. Each has approximately 1,600 square feet of main-level space, for a combined total of approximately 3,200 square feet on the main level. With the mezzanine in Unit K, the property totals 4,145 square feet.
The units are near the airport and Belgrade’s commercial corridor. Each has approximately 1,600 square feet of main-level space, for a combined total of approximately 3,200 square feet on the main level. With the mezzanine in Unit K, the property totals 4,145 square feet.
Key Highlights
- Two adjacent flex‑space shop condominiums
- Approximately 1,600 square feet of main‑level space in each unit
- 18‑foot ceilings and 14‑foot overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,267
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,340
$1.0M
Cap Rate 7%
$746,671
$746.7K
Cap Rate 9%
$580,744
$580.7K
Market Conditions
NOI Build-Up for 4,145 SF
Gross rent
$62.2K $15.00/SF
− Vacancy
−$684 −$0.17/SF
EGI
$61.5K $14.83/SF
− OpEx
−$9.2K −$2.23/SF
NOI
$52.3K $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%
$1,045,340
Cap Rate 7%
$746,671
Cap Rate 9%
$580,744
Alternative Uses
Best Use
Warehouse
$746.7K
$653.3K – $871.1K
NOI $52,267 @ 7.0% cap · market cap 6.57%
Second Best
Flex RnD
$720.4K
$630.4K – $840.5K
NOI $50,429 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.08M
$947.1K – $1.26M
NOI $75,764 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property 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
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 - Adjacent shop condominiums combine overhead vehicle access with office, storage, and bathroom amenities.
Where is this flex space located?
The property is located at 209 Jetway Dr Unit K&L Belgrade, MT.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two adjacent flex‑space shop condominiums; Approximately 1,600 square feet of main‑level space in each unit; 18‑foot ceilings and 14‑foot overhead doors
