Flex Space with Heated
For Sale
$789,000
Pending
265 High K, Belgrade, MT 59714
CommercialSale, Belgrade, MT
Property Size3,600 SF
Lot Size1.00 Acre
Days on Market72
Property Features for 265 High K
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Call Listing Agent for Details
Directions
Royal to High K
Subdivision
3S - Belgrade Area S of I90
Standard status
Pending
APN
RFF42932
Size
3,600 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
HIGH K SUB, S04, T01 S, R04 E, LOT 16B, ACRES 1.065, PLAT J-279-B
Tax Annual Amount
6711
Legal Description
HIGH K SUB, S04, T01 S, R04 E, LOT 16B, ACRES 1.065, PLAT J-279-B
Building Details
Year built
2007
Listing Agency:
LHMT
(406) 580-9445
Listed By:
Michael Thiel · License #BRO-63409
(406) 539-4365
Added: Aug 1
Changed: Oct 10
Last Checked: Oct 11 at 8:06AM
MLS# 414179
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.
Built in 2007, this Belgrade flex property includes a 3,600-square-foot heated shop configured for live/work use. The building has one full bathroom, one half bathroom, office space, and a small loft that adds storage capacity. A 12-foot overhead door serves the shop, with the opening designed to accommodate conversion to 14 feet if needed.
The property occupies one acre at 265 High K in Belgrade, Montana. A detached two-car garage provides additional storage, while the balance of the site offers room for equipment or future development. The combination of heated work area, support spaces, outdoor land, and accessory storage creates a flexible commercial setting.
The property occupies one acre at 265 High K in Belgrade, Montana. A detached two-car garage provides additional storage, while the balance of the site offers room for equipment or future development. The combination of heated work area, support spaces, outdoor land, and accessory storage creates a flexible commercial setting.
Key Highlights
- 3,600 SF heated shop
- 12‑foot overhead door with potential conversion to 14 feet
- One full bathroom, one half bathroom, and office space
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Balanced
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
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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?
Flex space - Live/work property with office space, restrooms, loft storage, and a detached garage.
Where is this flex 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 SF heated shop; 12‑foot overhead door with potential conversion to 14 feet; One full bathroom, one half bathroom, and office space
