Flex Space with Overhead
New
For Sale
$359,000
211 Jetway Drive, Belgrade, MT 59714
CommercialSale, Belgrade, MT
Property Size1,600 SF
Price / SF$224.38
Days on Market4
Property Features for 211 Jetway Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
East Gallatin Zoning Dist
Zoning description
C
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Assigned, Garage
Directions
Via Frontage Rd E, Turn N on Tower Rd , take Airport Rd and turn west on Tubb. R on Jetway, building is before the curve. Parking out front.
Subdivision
3N - Belgrade Area N of I90
Standard status
Active
APN
RFG61706
Size
1,600 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
AIRPORT PLAZA 1 CONDO, S05, T01 S, R05 E, UNIT G
Tax Annual Amount
1702
HOA Fee
$400 Quarterly
Legal Description
AIRPORT PLAZA 1 CONDO, S05, T01 S, R05 E, UNIT G
Utilities
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
2008
Listing Agency:
Keller Williams Montana Realty · Keller Williams Realty
(406) 522-7000
Listed By:
Denise Carr · License #BRO-126977
(406) 539-7176
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 4:06PM
MLS# 415167
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 1,600-square-foot flex property is arranged around an open shop with 17-foot ceilings and a 14-foot-tall overhead door. A separate entry serves a small office with a sink, while the shop includes a half bath, an upper mezzanine, and hot and cold water taps. The layout also provides room for vehicles, equipment, storage, or work areas.
Built in 2008, the property has baseboard and electric heating, along with assigned and garage parking. It is zoned East Gallatin Zoning Dist.
Built in 2008, the property has baseboard and electric heating, along with assigned and garage parking. It is zoned East Gallatin Zoning Dist.
Key Highlights
- 1,600 square feet of flex space
- 17‑foot shop ceilings and a 14‑foot‑tall overhead door
- Separate office with sink and entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,176
Cap Rate
5.62%
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 5.62%
Second Best
Flex RnD
$278.1K
$243.3K – $324.4K
NOI $19,466 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
17 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - An open shop area pairs vehicle access with a separate office and additional mezzanine space.
Where is this flex space located?
The property is located at 211 Jetway Drive Belgrade, MT.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 1,600 square feet of flex space; 17‑foot shop ceilings and a 14‑foot‑tall overhead door; Separate office with sink and entry
