Storefront Property with
For Sale
Contact for pricing
Pending
220 S Broadway, Belgrade, MT 59714
Downtown District zoning supports a range of commercial uses.
Property Size2,204 SF
Lot Size0.48 Acres
Days on Market10
Property Features for 220 S Broadway
General Information
Standard status
Pending
Size
2,204 SF
Lot size
0.48 Acres
Property subtype
RETAIL
Zoning
DD
Additional Details
Drive-Thru
Yes
Listing Agency:
Starner Commercial Real Estate
(406) 600-2927
Listed By:
Lauren John · License #RBS-52525
(406) 600-2927
Source:
Moodyscre
Added: Aug 11
Changed: Aug 15
Last Checked: Aug 20 at 7:04AM
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 Starner Commercial Real Estate
Investment Insights
Based on property information with market context.
This storefront property includes a 2,204-square-foot building on a 0.48-acre parcel. The site is configured with a drive-through and on-site parking, adding practical functionality to the existing commercial improvements.
Located at 220 S Broadway in Belgrade, Montana, the property has frontage along Broadway and is designated within the Downtown District (DD). The zoning provides flexible use options, while the combination of building area, drive-through access, and on-site parking supports a range of commercial configurations.
Located at 220 S Broadway in Belgrade, Montana, the property has frontage along Broadway and is designated within the Downtown District (DD). The zoning provides flexible use options, while the combination of building area, drive-through access, and on-site parking supports a range of commercial configurations.
Key Highlights
- 2,204 SF building situated on a 0.48‑acre lot
- Downtown District (DD) zoning with flexible use options
- Drive‑through configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,826
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$516,520
$516.5K
Cap Rate 7%
$368,943
$368.9K
Cap Rate 9%
$286,956
$287.0K
Market Conditions
NOI Build-Up for 2,204 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.7K $18.00/SF
− Vacancy
−$2.8K −$1.26/SF
EGI
$36.9K $16.74/SF
− OpEx
−$11.1K −$5.02/SF
NOI
$25.8K $11.72/SF
Area
Gallatin County, MT
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$516,520
Cap Rate 7%
$368,943
Cap Rate 9%
$286,956
Alternative Uses
Best Use
Retail
$368.9K
$322.8K – $430.4K
NOI $25,826 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.5K
$503.6K – $671.4K
NOI $40,286 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
194k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 33%
Groceries 24%
Hotels & Casinos 2%
Albertsons
Groceries
47,372 visits/mo
0.4 miles
McDonald's
Dining
24,163 visits/mo
0.2 miles
Exxon
Shops & Services
16,521 visits/mo
0.3 miles
Town Pump
Shops & Services
16,118 visits/mo
0.3 miles
Taco Bell
Dining
15,128 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- New Look Floral — 203 W Madison Ave F, Belgrade, MT 59714
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Frequently Asked Questions
What type of property is this?
Storefront property - Downtown District zoning supports a range of commercial uses.
Where is this storefront property located?
The property is located at 220 S Broadway Belgrade, MT.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2,204 SF building situated on a 0.48‑acre lot; Downtown District (DD) zoning with flexible use options; Drive‑through configuration
