Industrial Flex
For Sale
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4498 Jackrabbit Ln, Bozeman, MT 59718
Industrial property with a flexible commercial configuration and an established construction date.
Property Size10,756 SF
Price / SF$325.40
Days on Market160
Property Features for 4498 Jackrabbit Ln
General Information
Standard status
Active
Size
10,756 SF
Property subtype
Industrial, Land, Office, Special Purpose
Investment Type
Owner/User
Building Details
Year Built
1994
Buildings
3
Listing Agency:
McKenna Adams Commercial Realty
(406) 581-7562
Listed By:
Katie Adams · License #MT RRE-BRO-LIC-56423
Source:
Crexi
Added: Mar 25
Changed: Aug 31
Last Checked: Aug 31 at 2:01AM
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 McKenna Adams Commercial Realty
Investment Insights
Based on property information with market context.
This industrial property contains 10,756 square feet and was built in 1994. The asset is identified as a flex commercial building, providing a commercial format within an industrial property classification.
The property is located at 4498 Jackrabbit Ln in Bozeman, Montana. Its recorded address and established construction date provide a clear basis for evaluating the building as an existing industrial asset.
The property is located at 4498 Jackrabbit Ln in Bozeman, Montana. Its recorded address and established construction date provide a clear basis for evaluating the building as an existing industrial asset.
Key Highlights
- 10,756‑square‑foot industrial property
- Built in 1994
- Located at 4498 Jackrabbit Ln, Bozeman, MT 59718
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
$158,226
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
4.52%
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%
$3,164,520
$3.2M
Cap Rate 7%
$2,260,371
$2.3M
Cap Rate 9%
$1,758,067
$1.8M
Market Conditions
NOI Build-Up for 10,756 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
$225.9K $21.00/SF
− Vacancy
−$14.9K −$1.39/SF
EGI
$211.0K $19.61/SF
− OpEx
−$52.7K −$4.90/SF
NOI
$158.2K $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 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%
$3,164,520
Cap Rate 7%
$2,260,371
Cap Rate 9%
$1,758,067
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,226 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,696 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,602 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 59718, MT
43,831
Population
19,765
Households
2.2
Avg Household Size
33
Median Age
57%
College-Educated
97%
High-School Grad
164.5 sq mi
ZIP Area
266
Density / Sq Mi
$91,852
Median Household Income
$44,915
Median Earnings
$1,748
Median Rent
$579,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property with a flexible commercial configuration and an established construction date.
Where is this industrial property located?
The property is located at 4498 Jackrabbit Ln Bozeman, MT.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 10,756‑square‑foot industrial property; Built in 1994; Located at 4498 Jackrabbit Ln, Bozeman, MT 59718
