Automotive Shop with Overhead
New
For Sale
$1,300,000
29 Wheatland Road, Three Forks, MT 59752
Steel commercial facility with flexible shop, office, storage, and covered exterior areas for automotive operations.
Property Size6,855 SF
Price / SF$189.64
Days on Market6
Property Features for 29 Wheatland Road
General Information
Standard status
Active
Size
6,855 SF
Property subtype
Commercial
Zoning
Call Listing Agent for Details
Taxes and HOA fees
Annual Taxes
$4,570
Building Details
Building Size
6,855 SF
Year Built
2024
Listing Agency:
Eagen Real Estate
(406) 995-2404
Listed By:
Ethan Stokes
(406) 579-1989
Source:
Outlaw
Added: Sep 20
Changed: Sep 24
Last Checked: Sep 24 at 7:56AM
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 Eagen Real Estate
Investment Insights
Based on property information with market context.
Built in 2024, this automotive property occupies 1.5 acres and includes an approximately 6,000-square-foot steel building with 18-foot sidewalls. The 60-by-100-foot structure has a 6-inch fiber-reinforced concrete slab, four 12-by-12-foot manual overhead doors, and two 12-by-16-foot manual overhead doors. An attached 10-by-100-foot carport provides approximately 1,000 additional square feet of covered space.
The main level includes a customer lobby and reception area, private office, shop and work area, storage, and separate customer and employee restrooms that are plumbed and ready for completion. Upstairs space is sheetrocked and plumbed for a 3/4 bathroom, with potential for offices, a break room, living quarters, storage, or other complementary uses subject to applicable approvals. The property is currently operated as a tire shop with a month-to-month tenant interested in continuing occupancy. A well is present, but the building is not connected to it, and water functionality and capacity have not been established. Located at 29 Wheatland Road in Three Forks, Montana, the facility also supports potential contractor, equipment, fabrication, warehousing, storage, and other commercial uses.
The main level includes a customer lobby and reception area, private office, shop and work area, storage, and separate customer and employee restrooms that are plumbed and ready for completion. Upstairs space is sheetrocked and plumbed for a 3/4 bathroom, with potential for offices, a break room, living quarters, storage, or other complementary uses subject to applicable approvals. The property is currently operated as a tire shop with a month-to-month tenant interested in continuing occupancy. A well is present, but the building is not connected to it, and water functionality and capacity have not been established. Located at 29 Wheatland Road in Three Forks, Montana, the facility also supports potential contractor, equipment, fabrication, warehousing, storage, and other commercial uses.
Key Highlights
- 1.5‑acre automotive property in Three Forks, Montana
- Approximately 6,000 SF steel building constructed in 2024
- 60' x 100' building with 18' sidewalls and a 6" fiber‑reinforced concrete slab
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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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 facility with flexible shop, office, storage, and covered exterior areas for automotive operations.
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 automotive property in Three Forks, Montana; Approximately 6,000 SF steel building constructed in 2024; 60' x 100' building with 18' sidewalls and a 6" fiber‑reinforced concrete slab
