Auto Shop with Multiple Overhead
New
For Sale
$1,300,000
29 Wheatland Road, Three Forks, MT 59752
CommercialSale, Three Forks, MT
Property Size6,000 SF
Lot Size1.50 Acres
Price / SF$189.64
Days on Market2
Property Features for 29 Wheatland Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Call Listing Agent for Details
Directions
I-90 to Hwy 287. North on Hwy 287. Left on Wheatland Road.
Subdivision
9A - Broadwater County
Standard status
Active
APN
00J2417109
Size
6,855 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
HEADWATERS MINOR SUBDIVISION, S16, T02 N, R01 E, LOT 4, ACRES 1.5, IN NW4NE4, PREV COS 1-951
Tax Annual Amount
4570
Legal Description
HEADWATERS MINOR SUBDIVISION, S16, T02 N, R01 E, LOT 4, ACRES 1.5, IN NW4NE4, PREV COS 1-951
Amenities
customer lobby/reception area
private office
expansive shop/work area
additional storage
attached carport
multiple oversized overhead doors
upstairs sheetrocked space
Building Details
Year built
2024
Listing Agency:
AmeriMont Real Estate
(406) 284-6546
Listed By:
Kim Fitch · License #BRO-80118
(406) 581-1496
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 19 at 1:06PM
MLS# 414683
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 2024 auto shop property occupies 1.5 acres and includes a 6,855-square-foot steel building with 18-foot sidewalls. The facility has a customer lobby and reception area, private office, large shop/work area, storage, and two restrooms plumbed for completion. An upper-level area is sheetrocked and plumbed for a 3/4 bathroom, offering additional interior flexibility. The building also includes a 6-inch fiber-reinforced concrete slab and an attached 10-by-100-foot carport with approximately 1,000 square feet of covered space.
Vehicle and equipment access is supported by four 12-by-12-foot manual overhead doors and two 12-by-16-foot manual overhead doors. The property is currently operated as a tire shop with a month-to-month tenant that has expressed interest in continuing occupancy. A well is present, although the building is not currently connected to it and water functionality and capacity are unknown. The address is 29 Wheatland Road in Three Forks, Montana.
Vehicle and equipment access is supported by four 12-by-12-foot manual overhead doors and two 12-by-16-foot manual overhead doors. The property is currently operated as a tire shop with a month-to-month tenant that has expressed interest in continuing occupancy. A well is present, although the building is not currently connected to it and water functionality and capacity are unknown. The address is 29 Wheatland Road in Three Forks, Montana.
Key Highlights
- 1.5‑acre auto shop property at 29 Wheatland Road, Three Forks, MT 59752
- 6,855‑square‑foot steel building constructed in 2024
- Four 12' x 12' and two 12' x 16' manual overhead doors
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
$86,440
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
6.65%
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%
$1,728,800
$1.7M
Cap Rate 7%
$1,234,857
$1.2M
Cap Rate 9%
$960,444
$960.4K
Market Conditions
NOI Build-Up for 6,855 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
$102.8K $15.00/SF
− Vacancy
−$1.1K −$0.17/SF
EGI
$101.7K $14.83/SF
− OpEx
−$15.3K −$2.23/SF
NOI
$86.4K $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 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%
$1,728,800
Cap Rate 7%
$1,234,857
Cap Rate 9%
$960,444
Alternative Uses
Best Use
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,440 @ 7.0% cap · market cap 6.65%
Second Best
Flex RnD
$1.19M
$1.04M – $1.39M
NOI $83,400 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,298 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
6
Drive-in doors
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59752, MT
4,535
Population
2,101
Households
2.2
Avg Household Size
40
Median Age
26%
College-Educated
97%
High-School Grad
403.7 sq mi
ZIP Area
11
Density / Sq Mi
$82,228
Median Household Income
$46,573
Median Earnings
$1,218
Median Rent
$426,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Ron's Diesel Repair & Towing — 10769 US-287, Three Forks, MT 59752
- Thompson Mechanics & Repair — 17 Stockyard Ln, Three Forks, MT 59752
- Tim's Diesel & Auto Repair Inc — 20 Wheatland Rd, Three Forks, MT 59752
Frequently Asked Questions
What type of property is this?
Auto shop - Steel commercial building with vehicle-accessible shop space, office areas, storage, and an attached covered carport.
Where is this auto shop located?
The property is located at 29 Wheatland Road Three Forks, MT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1.5‑acre auto shop property at 29 Wheatland Road, Three Forks, MT 59752; 6,855‑square‑foot steel building constructed in 2024; Four 12' x 12' and two 12' x 16' manual overhead doors
