Flex Shop Condo with
New
For Sale
$430,000
209 Jetway Drive Unit K, Belgrade, MT 59714
CommercialSale, Belgrade, MT
Property Size2,545 SF
Price / SF$168.96
Days on Market5
Property Features for 209 Jetway Drive Unit K
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
East Gallatin Commerciall
Zoning description
C
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Frontage Rd to Airport Blvd to Tubbs. Right on Jetway. Parking out front.
Subdivision
3N - Belgrade Area N of I90
Standard status
Active
APN
RFG61710
Size
2,545 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
AIRPORT PLAZA 1 CONDO, S05, T01 S, R05 E, UNIT K
Tax Annual Amount
1702
HOA Fee
$400 Quarterly
Legal Description
AIRPORT PLAZA 1 CONDO, S05, T01 S, R05 E, UNIT K
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Water source
Well
Amenities
full bathroom
laundry
kitchen
Building Details
Year built
2008
Listing Agency:
Bozeman Brokers
(406) 587-5900
Listed By:
Dianne Click · License #BRO-9327
(406) 580-8881
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 5 at 3:06PM
MLS# 415151
Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space condominium contains 2,545 square feet, including approximately 1,600 square feet on the main level and a 945-square-foot mezzanine. The shop area has an 18-foot ceiling and a 14-foot overhead door. A bathroom, laundry area, and kitchen are also located on the main level, while the mezzanine adds additional interior space. The property was built in 2008.
The property is next to Yellowstone International Airport and is within Belgrade’s commercial corridor. Water is supplied by a well, and the sewer system is septic. Zoning is identified as East Gallatin Commercial.
The property is next to Yellowstone International Airport and is within Belgrade’s commercial corridor. Water is supplied by a well, and the sewer system is septic. Zoning is identified as East Gallatin Commercial.
Key Highlights
- 18' ceiling height in the shop area
- 14' overhead door
- Approximately 1,600 sf of main‑level shop and utility space
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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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 - The main level combines high-clearance work space with a bathroom, laundry, and kitchen.
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: 18' ceiling height in the shop area; 14' overhead door; Approximately 1,600 sf of main‑level shop and utility space
