Warehouse End
New
For Sale
$489,000
281 Blacksmith Loop, Big Sky, MT 59730
CommercialSale, Big Sky, MT
Property Size1,200 SF
Price / SF$407.50
Days on Market3
Property Features for 281 Blacksmith Loop
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Call Listing Agent for Details
Directions
Hwy 191 South, right on Straight Iron, right on Blacksmith Loop
Subdivision
5CS - Gallatin Canyon South
Standard status
Active
APN
RLF88845
Size
1,200 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BFH COMMERCIAL CONDO WEST, S05, T07 S, R04 E, BUILDING H, UNIT 281H, 1% COMMON AREA INTEREST
Tax Annual Amount
1014
HOA Fee
$2,700 Annually
Legal Description
BFH COMMERCIAL CONDO WEST, S05, T07 S, R04 E, BUILDING H, UNIT 281H, 1% COMMON AREA INTEREST
Utilities
Utilities
Propane
Heating system
Forced Air
Building Details
Year built
2024
Listing Agency:
eXp Realty, LLC
(406) 578-4399
Listed By:
Jay Oddy · License #RBS-16522
(406) 451-9186
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 10 at 3:06AM
MLS# 415394
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 1,200-square-foot warehouse end unit was built in 2024 and includes heat, a 14-foot roll-up door, and a utility sink with hot and cold water. A shared bathroom is available, and plumbing is in place for a private bathroom. The steel construction is prepared for a mezzanine, with 13-foot-9-inch ceiling height on the main level. Propane and electricity are separately metered.
The property sits just off Highway 191 in Gallatin Canyon. Big Sky Town Center is approximately 10 minutes away, Four Corners is about 40 minutes away, and West Yellowstone is roughly 50 to 55 minutes away. The Gallatin River and nearby trails provide access to fishing, whitewater recreation, hiking, and biking.
The property sits just off Highway 191 in Gallatin Canyon. Big Sky Town Center is approximately 10 minutes away, Four Corners is about 40 minutes away, and West Yellowstone is roughly 50 to 55 minutes away. The Gallatin River and nearby trails provide access to fishing, whitewater recreation, hiking, and biking.
Key Highlights
- 1,200‑square‑foot warehouse end unit, built in 2024
- 14' roll‑up door and 13'9" main‑level ceiling height
- Steel package is mezzanine‑ready
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,132
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,640
$302.6K
Cap Rate 7%
$216,171
$216.2K
Cap Rate 9%
$168,133
$168.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.0K $15.00/SF
− Vacancy
−$198 −$0.17/SF
EGI
$17.8K $14.83/SF
− OpEx
−$2.7K −$2.23/SF
NOI
$15.1K $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%
$302,640
Cap Rate 7%
$216,171
Cap Rate 9%
$168,133
Alternative Uses
Best Use
Warehouse
$216.2K
$189.2K – $252.2K
NOI $15,132 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.3K
$274.2K – $365.6K
NOI $21,934 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59730, MT
2,154
Population
1,337
Households
1.6
Avg Household Size
41
Median Age
45%
College-Educated
98%
High-School Grad
686.1 sq mi
ZIP Area
3
Density / Sq Mi
$85,849
Median Household Income
$42,273
Median Earnings
$1,469
Median Rent
$817,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lazy J Storage — 44 Straight Iron Road, Gallatin Gateway, MT 59730
- Big Sky Warehouses — 47220 Gallatin Rd, Big Sky, MT 59716
- Canyon Storage — 47430 Gallatin Rd, Big Sky, MT 59716
Frequently Asked Questions
What type of property is this?
Warehouse - Heated space includes a utility sink, shared bathroom access, and plumbing for a private bathroom.
Where is this warehouse located?
The property is located at 281 Blacksmith Loop Big Sky, MT.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 1,200‑square‑foot warehouse end unit, built in 2024; 14' roll‑up door and 13'9" main‑level ceiling height; Steel package is mezzanine‑ready
