Live-Work Property with Heated
For Sale
$789,000
Pending
265 High K, Belgrade, MT 59714
Heated shop space on an expansive lot supports combined business and residential use potential.
Property Size3,600 SF
Lot Size1.00 Acre
Days on Market76
Property Features for 265 High K
General Information
Standard status
Pending
Size
3,600 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
Call Listing Agent for Details
Taxes and HOA fees
Annual Taxes
$6,711
Building Details
Building Size
3,600 SF
Year Built
2007
Listing Agency:
Clearwater Montana Properties
(406) 995-2404
Listed By:
EJ Daws
(406) 589-6247
Source:
Outlaw
Added: Aug 1
Changed: Oct 11
Last Checked: Oct 14 at 8:47PM
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 Clearwater Montana Properties
Investment Insights
Based on property information with market context.
This live-work property includes a 3,600-square-foot heated shop with a 12-foot overhead door. The building configuration supports on-site work activity alongside live-work use, while the property offers additional outdoor area for equipment storage or future site improvements.
Located at 265 High K St in Belgrade, Montana, the property occupies one acre. The overhead door can be converted to a 14-foot opening if needed, providing a documented option for accommodating taller equipment or vehicles.
Located at 265 High K St in Belgrade, Montana, the property occupies one acre. The overhead door can be converted to a 14-foot opening if needed, providing a documented option for accommodating taller equipment or vehicles.
Key Highlights
- 3,600‑square‑foot heated shop
- 12‑foot overhead door
- Overhead door can be converted to a 14‑foot opening
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,958
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,160
$1.1M
Cap Rate 7%
$756,543
$756.5K
Cap Rate 9%
$588,422
$588.4K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$75.6K $21.00/SF
− Vacancy
−$5.0K −$1.39/SF
EGI
$70.6K $19.61/SF
− OpEx
−$17.7K −$4.90/SF
NOI
$53.0K $14.71/SF
Area
Gallatin County, MT
Vacancy
6.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,160
Cap Rate 7%
$756,543
Cap Rate 9%
$588,422
Alternative Uses
Best Use
Office B
$756.5K
$662.0K – $882.6K
NOI $52,958 @ 7.0% cap · market cap 6.71%
Second Best
Mixed Use
$707.4K
$619.0K – $825.3K
NOI $49,518 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$940.0K
$822.5K – $1.10M
NOI $65,802 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Live-work space - Heated shop space on an expansive lot supports combined business and residential use potential.
Where is this live-work space located?
The property is located at 265 High K Belgrade, MT.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 3,600‑square‑foot heated shop; 12‑foot overhead door; Overhead door can be converted to a 14‑foot opening
