Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lots Near Airport Interchange Title is generated by Realmo AI

    TBD Frank Road, Belgrade, MT 59714

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial lots available near I-90 Airport Interchange in Belgrade, MT.

    Type:Hospitality, Industrial, Multifamily, Office, Retail
    Added:
    Jul 27, 2022
    Days on Market:
    1397
    Last Refresh:
    May 12 at 10:54 pm

    Property Features for TBD Frank Road

    General Information

    Standard status
    Active
    Property subtype
    Hospitality, Industrial, Multifamily, Office, Retail

    We can help!

    Listing Contact
    Tom Starner

    Listing agent Tom Starner License #RRE-BRO-LIC-12265

    Listing office Starner Commercial Real Estate

    Listing date Jul 27, 2022

    Source Crexi

    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 Starner Commercial Real Estate

    HighLights

    • Premier commercial lots available at the I‑90 Airport Interchange, a high‑traffic location.
    • Located within Belgrade city limits, providing access to all city utilities and services.
    • Fully entitled for mixed‑use development, allowing for a wide range of business types.
    • Proximity to Bozeman Yellowstone International Airport (less than a mile south).
    • Frank Road access as primary connector to Jackrabbit Lane/US 191.
    • Remaining commercial lots available ranging from .93‑2.86 acres.

    Overview

    Commercial lots are available for sale at the I-90 Airport Interchange at Airway Boulevard and Frank Road in Belgrade, Montana, approximately 6 miles west of Bozeman. Frank Road serves as the primary east-west connector to Jackrabbit Lane and US 191. Located within Belgrade city limits, the development provides all utilities and city services. Phase 1 of the development includes lots and pad sites ranging from 0.7 to 6.2 acres, fully entitled for mixed-use development. Ideal sites are available for hotels, restaurants, retail stores, offices, light industrial buildings, and medical offices. The location is less than a mile south of the Bozeman Yellowstone International Airport and adjacent to the I-90 interchange. Currently, 12 commercial lots remain available, sized from 0.93 to 2.86 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.054
    Latitude
    45.99

    Nearby Similar for Sale

    • $699,000

      Versatile Belgrade Property Near Downtown

      Multi-family property near downtown Belgrade with rental income potential.
      91 Stiles, Belgrade, MT 59714
      View Details
    • $699,000

      Versatile Belgrade Multi-Family Property

      Multi-family property near downtown Belgrade with rental income potential.
      91 Stiles, Belgrade, MT 59714
      View Details
    • $850,000

      Spacious Duplex in Belgrade, MT

      Duplex with 9 bedrooms, large yard, and two-car garage.
      302 10th, Belgrade, MT 59714
      View Details
    • $899,000

      Belgrade Multifamily Investment Opportunity

      Four units, remodeled options, great income potential in Belgrade.
      206 S Davis, Belgrade, MT 59714
      View Details
    • $395,000
      1,650 SF

      Heated Commercial Shop Space Available

      Prime commercial shop space near I-90 and the airport.
      152 Countryside E, Belgrade, MT 59714
      View Details
    • $4,299,000
      571 SF

      Montana Hunting Property with Cabin

      654-acre ranch near Bozeman with diverse terrain and cabin.
      1847 Maudlow Road, Belgrade, MT 59714
      View Details
    • $1,395,000

      Commercial Land Near I-90

      2.21 acre commercial lot in West Post Subdivision.
      Alaska Frontage Road, Belgrade, MT 59714
      View Details
    • $799,900

      Belgrade Commercial Land I-90 Access

      1.52-acre commercial parcel with I-90 access in Belgrade, MT.
      Monica Court, Belgrade, MT 59714
      View Details
    • $3,250,000

      Belgrade Property with Two Residences

      29.87-acre property featuring two residences and equestrian facilities.
      477 Reese Creek Road, Belgrade, MT 59714
      View Details
    • $18,750,000

      Expansive Belgrade Ranch with Views

      805-acre ranch near Belgrade with development potential.
      Reese Creek Road, Belgrade, MT 59714
      View Details
    • $4,800,000

      Ross Creek Meadow Land

      49.57 acres of meadow land on Ross Creek.
      Springhill Community Road, Belgrade, MT 59714
      View Details
    • $1,550,000

      Newer Belgrade Fourplex Investment Opportunity

      Newer fourplex in downtown Belgrade with immediate income potential.
      93 W Jefferson, Belgrade, MT 59714
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lots available near I-90 Airport Interchange in Belgrade, MT.
    Where is this commercial land located?
    The property is located at TBD Frank Road Belgrade, MT.
    What are key features of this property?
    This property features: Premier commercial lots available at the I‑90 Airport Interchange, a high‑traffic location.; Located within Belgrade city limits, providing access to all city utilities and services.; Fully entitled for mixed‑use development, allowing for a wide range of business types.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tom Starner
    Real Estate License ID: RRE-BRO-LIC-12265
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    TBD Frank Road, Belgrade, MT 59714
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!