Live-Work Warehouse
36 Pipkin Way Belgrade, MT 59714
36 Pipkin Way, Belgrade, MT, 59714
$575,000
For Sale
$575,000
Work/warehouse unit includes a shop with overhead door plus an upper-level 1BD/1BA with kitchen and loft.
Property Size3,000 SF
Price / SF$191.67
Days on Market26
Property Features for 36 Pipkin Way
General Information
- Standard status
- Active
- Size
- 3,000 SF
Building Details
- Year Built
- 2015
Listing agency
Realty One Group Peak
(406) 209-0981
Listed by
Blake Maxwell · License #RBS-52217
Source
Purewestrealestate
Added: Jun 28 Updated: Jul 22 at 4:24PM Checked: Jul 22 at 4:24PM
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 Realty One Group Peak
Investment Insights
Based on property information with market context.
This work-live unit combines warehouse/shop space with finished upper-level living. The entry level features an office and a partial bathroom, along with an approximately 30 x 60 warehouse area. There is also an approximate 400 SF loft and an upper level of approximately 800 SF with a 1BD/1BA and a kitchen. Operational features include a 12W x 14H overhead door, a floor drain on the entry level, and a fire sprinkler system. Utilities include a 120/240 electrical service. Heating is gas heat in the shop space and electric baseboard elsewhere.
The property is located in the Gallatin Valley adjacent to I-90 at 36 Pipkin Way, Belgrade, MT 59714.
Designed for a combination of work and living, the layout supports shop operations below and private quarters above, with office space on the entry level and a loft component in between.
The property is located in the Gallatin Valley adjacent to I-90 at 36 Pipkin Way, Belgrade, MT 59714.
Designed for a combination of work and living, the layout supports shop operations below and private quarters above, with office space on the entry level and a loft component in between.
Key Highlights
- Work/warehouse unit built in 2015 with shop plus upper‑level 1BD/1BA and loft
- Approx. 30x60 shop space with entry‑level office area and partial bathroom
- Upper level includes approx. 800 SF with 1BD/1BA and kitchen
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $21.00 |
| − Vacancy | −$4.2k | −$1.39 |
| EGI | $58.8k | $19.61 |
| − OpEx | −$14.7k | −$4.90 |
| NOI | $44.1k | $14.71 |
3,000 SF · lease $21.00/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$630.5K
$551.7K – $735.5K
NOI $44,132 @ 7.0% cap · market cap 7.68%
Second Best
Mixed Use
$589.5K
$515.8K – $687.8K
NOI $41,265 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Work/warehouse unit includes a shop with overhead door plus an upper-level 1BD/1BA with kitchen and loft.
Where is this live-work space located?
The property is located at 36 Pipkin Way Belgrade, MT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Work/warehouse unit built in 2015 with shop plus upper‑level 1BD/1BA and loft; Approx. 30x60 shop space with entry‑level office area and partial bathroom; Upper level includes approx. 800 SF with 1BD/1BA and kitchen
