Flex Space with Office and
For Sale
$269,000
A1-211 Jetway Dr, Belgrade, MT 59714
Flex space includes an office with abundant storage and additional areas, with plenty of parking on site.
Property Size1,600 SF
Price / SF$168.13
Days on Market219
Property Features for A1-211 Jetway Dr
General Information
Standard status
Active
Size
1,600 SF
Taxes and HOA fees
Annual Taxes
$1,610
Listing Agency:
Bozeman Real Estate Group
(406) 580-1450
Listed By:
Nancy Stevenson · License #RBS-14486
(406) 580-1450
Source:
Exprealty
Added: Jan 23
Changed: Aug 25
Last Checked: Aug 29 at 3:48PM
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 Bozeman Real Estate Group
Investment Insights
Based on property information with market context.
This versatile flex space is set up with a dedicated office and an abundance of storage options, along with additional interior areas to support day-to-day operations. The layout is designed to balance workspace needs with practical storage and room to move through the property efficiently.
The property offers plenty of parking and is positioned for convenient access to major routes, including Jackrabbit and I-90, with the airport about 15 minutes away.
Ideal for buyers seeking a work-and-storage configuration in a single facility, this property combines an office environment with ample storage to help support a variety of commercial uses.
The property offers plenty of parking and is positioned for convenient access to major routes, including Jackrabbit and I-90, with the airport about 15 minutes away.
Ideal for buyers seeking a work-and-storage configuration in a single facility, this property combines an office environment with ample storage to help support a variety of commercial uses.
Key Highlights
- Flex space with an office area plus additional rooms for day‑to‑day work operations
- Office includes abundant storage options to help organize business needs
- Additional storage designed for vehicles and outdoor gear (cars, campers, boats)
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
$20,176
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
7.50%
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%
$403,520
$403.5K
Cap Rate 7%
$288,229
$288.2K
Cap Rate 9%
$224,178
$224.2K
Market Conditions
NOI Build-Up for 1,600 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
$24.0K $15.00/SF
− Vacancy
−$264 −$0.17/SF
EGI
$23.7K $14.83/SF
− OpEx
−$3.6K −$2.23/SF
NOI
$20.2K $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 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%
$403,520
Cap Rate 7%
$288,229
Cap Rate 9%
$224,178
Alternative Uses
Best Use
Warehouse
$288.2K
$252.2K – $336.3K
NOI $20,176 @ 7.0% cap · market cap 7.50%
Second Best
Flex RnD
$278.1K
$243.3K – $324.4K
NOI $19,466 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space includes an office with abundant storage and additional areas, with plenty of parking on site.
Where is this flex space located?
The property is located at A1-211 Jetway Dr Belgrade, MT.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Flex space with an office area plus additional rooms for day‑to‑day work operations; Office includes abundant storage options to help organize business needs; Additional storage designed for vehicles and outdoor gear (cars, campers, boats)
