72-Unit Self Storage
For Sale
$7,499,000
5102 Jackrabbit, Belgrade, MT 59714
Operating storage property with undeveloped acreage and a leased coffee cart space.
Property Size24,000 SF
Lot Size8.00 Acres
Price / SF$271.70
Days on Market89
Property Features for 5102 Jackrabbit
General Information
Standard status
Active
Size
24,000 SF
Lot size
8.00 Acres
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
24,000 SF
Self-Storage Units
72
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$21,355
Building Details
Year Built
2021
Building Size
24,000 SF
Listing Agency:
Windermere Great Divide-Bozeman
Listed By:
Kelly Martin
(406) 591-3335
Source:
Clearwaterproperties
Added: Jul 10
Changed: Oct 6
Last Checked: Oct 5 at 5:12PM
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 Windermere Great Divide-Bozeman
Investment Insights
Based on property information with market context.
This self-storage property at 5102 Jackrabbit Lane includes approximately 24,000 square feet of existing storage facilities across two adjacent parcels. The site contains 72 units, with 40 measuring 12' x 35' and 32 measuring 15' x 45'. A coffee cart occupies leased space on the property, adding a separate revenue component to the existing storage operation.
The property encompasses nearly 8 acres, leaving substantial land outside the current improvements. The remaining acreage provides room for future development, including additional storage units or commercial buildings, subject to applicable zoning and approvals.
The property encompasses nearly 8 acres, leaving substantial land outside the current improvements. The remaining acreage provides room for future development, including additional storage units or commercial buildings, subject to applicable zoning and approvals.
Key Highlights
- 72 storage units across existing facilities
- Approximately 24,000 square feet of storage improvements
- 40 units measuring 12' x 35'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$348,029
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,960,580
$7.0M
Cap Rate 7%
$4,971,843
$5.0M
Cap Rate 9%
$3,866,989
$3.9M
Market Conditions
NOI Build-Up for 27,600 SF
Gross rent
$414.0K $15.00/SF
− Vacancy
−$4.6K −$0.17/SF
EGI
$409.4K $14.83/SF
− OpEx
−$61.4K −$2.23/SF
NOI
$348.0K $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%
$6,960,580
Cap Rate 7%
$4,971,843
Cap Rate 9%
$3,866,989
Alternative Uses
Best Use
Warehouse
$4.97M
$4.35M – $5.80M
NOI $348,029 @ 7.0% cap · market cap 4.64%
Second Best
Self Storage
$4.72M
$4.13M – $5.51M
NOI $330,372 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$7.21M
$6.31M – $8.41M
NOI $504,484 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 59714, MT
22,333
Population
10,043
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
97%
High-School Grad
418.2 sq mi
ZIP Area
53
Density / Sq Mi
$89,217
Median Household Income
$47,587
Median Earnings
$1,558
Median Rent
$490,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Operating storage property with undeveloped acreage and a leased coffee cart space.
Where is this self storage facility located?
The property is located at 5102 Jackrabbit Belgrade, MT.
What is the asking price?
The asking price for this property is $7,499,000.
What are key features of this property?
This property features: 72 storage units across existing facilities; Approximately 24,000 square feet of storage improvements; 40 units measuring 12' x 35'
