Storefront Suite with Expansion
For Sale
$275,000
81 8th Street Unit 3, Belgrade, MT 59714
Commercial suite with storefront exposure, flexible layout potential, and an unfinished upper level for added offices or storage.
Property Size1,676 SF
Price / SF$164.08
Days on Market155
Property Features for 81 8th Street Unit 3
General Information
Standard status
Active
Size
1,676 SF
Zoning
CL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,676 SF
Year Built
1999
Listing Agency:
Windermere Great Divide-Bozeman
Listed By:
Richie Pemberton
(406) 589-5929
Source:
Purewestrealestate
Added: May 14
Changed: Oct 5
Last Checked: Oct 14 at 7:39PM
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.
Suite 3 is a 1,676-square-foot commercial space constructed in 1999 and configured for flexible business use. The property includes storefront-facing space, a professional interior setting, and an unfinished second floor that can accommodate additional offices or storage. CL zoning supports its commercial positioning, while the layout may suit retail, office, service, or light commercial operations as described for the property.
The suite is located at 81 8th Street in Belgrade, with access to a frontage road and proximity to downtown Belgrade, Jackrabbit Lane, I-90, and Bozeman Yellowstone International Airport. Its location within the city places the property near established transportation routes and the local downtown area.
The suite is located at 81 8th Street in Belgrade, with access to a frontage road and proximity to downtown Belgrade, Jackrabbit Lane, I-90, and Bozeman Yellowstone International Airport. Its location within the city places the property near established transportation routes and the local downtown area.
Key Highlights
- 1,676 SF commercial suite at 81 8th Street, Unit 3
- Unfinished second floor provides room for additional offices or storage
- Storefront exposure along a frontage road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,655
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,100
$493.1K
Cap Rate 7%
$352,214
$352.2K
Cap Rate 9%
$273,944
$273.9K
Market Conditions
NOI Build-Up for 1,676 SF
Gross rent
$35.2K $21.00/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$32.9K $19.61/SF
− OpEx
−$8.2K −$4.90/SF
NOI
$24.7K $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 Rate 5%
$493,100
Cap Rate 7%
$352,214
Cap Rate 9%
$273,944
Alternative Uses
Best Use
Office B
$352.2K
$308.2K – $410.9K
NOI $24,655 @ 7.0% cap · market cap 8.97%
Second Best
Retail
$280.6K
$245.5K – $327.3K
NOI $19,639 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$437.6K
$382.9K – $510.6K
NOI $30,635 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- New Look Floral — 203 W Madison Ave F, Belgrade, MT 59714
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial suite with storefront exposure, flexible layout potential, and an unfinished upper level for added offices or storage.
Where is this storefront property located?
The property is located at 81 8th Street Unit 3 Belgrade, MT.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,676 SF commercial suite at 81 8th Street, Unit 3; Unfinished second floor provides room for additional offices or storage; Storefront exposure along a frontage road
