Flex Space with Overhead
New
For Sale
$375,000
209 Jetway Drive Unit L, Belgrade, MT 59714
End-unit commercial condominium with a separate entrance and a bathroom, suited to shop or storage use.
Property Size1,600 SF
Price / SF$234.38
Days on Market2
Property Features for 209 Jetway Drive Unit L
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Commercial
Zoning
C
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$1,701
Building Details
Building Size
1,600 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 2:48AM
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 end-unit flex condominium contains 1,600 square feet of main-level shop space, with an 18-foot ceiling and a 14-foot overhead door. A separate entrance and 3/4 bathroom add practical features to the open shop layout. The property was built in 2008 and is zoned C.
The unit is next to Yellowstone International Airport and Belgrade’s commercial corridor.
The unit is next to Yellowstone International Airport and Belgrade’s commercial corridor.
Key Highlights
- 1,600 square feet of main‑level shop space
- 18‑foot ceiling and 14‑foot overhead door
- End‑unit commercial condominium with separate entrance and 3/4 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,176
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,520
$403.5K
Cap Rate 7%
$288,229
$288.2K
Cap Rate 9%
$224,178
$224.2K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$24.0K $15.00/SF
− Vacancy
−$264 −$0.17/SF
EGI
$23.7K $14.83/SF
− OpEx
−$3.6K −$2.23/SF
NOI
$20.2K $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%
$403,520
Cap Rate 7%
$288,229
Cap Rate 9%
$224,178
Alternative Uses
Best Use
Warehouse
$288.2K
$252.2K – $336.3K
NOI $20,176 @ 7.0% cap · market cap 5.38%
Second Best
Flex RnD
$278.1K
$243.3K – $324.4K
NOI $19,466 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 7.80%
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
1
Drive-in doors
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 - End-unit commercial condominium with a separate entrance and a bathroom, suited to shop or storage use.
Where is this flex space located?
The property is located at 209 Jetway Drive Unit L Belgrade, MT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,600 square feet of main‑level shop space; 18‑foot ceiling and 14‑foot overhead door; End‑unit commercial condominium with separate entrance and 3/4 bathroom
