Automotive Garage
New
For Sale
$795,000
TBD Leader Lane EB9, Belgrade, MT 59718
Belgrade, MT
Property Size2,000 SF
Price / SF$397.50
Days on Market5
Property Features for TBD Leader Lane EB9
General Information
Property type
Commercial Sale
Property subtype
Condominium
Bathrooms
1
Full bathrooms
1
Subdivision
Panther Park
Standard status
Active
Size
2,000 SF
Amenities
commercial garage doors
Integrated mezzanine levels (per plan)
150-amp individually metered electrical service
Finished restroom
Finished flooring with internal floor drains
High-efficiency LED Lighting
Individual mailing address & mailbox access onsite
Vehicle maintenance & detailing facility
Asset Management
Members' Clubhouse, Lounge & Shared Common Areas
Logistic Concierge
Building Details
Year built
2026
Listing Agency:
Engel & Volkers Bozeman · Engel & Völkers
(406) 404-1960
Listed By:
PollyAnna Snyder
(406) 600-2477
Added: Sep 28
Changed: Sep 29
Last Checked: Oct 2 at 2:06AM
MLS# 408483
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,000-square-foot automotive garage condominium is scheduled for completion in 2026. Units have ceiling heights of 17 to 22 feet, with integrated mezzanines available depending on plan. Interior features include finished flooring with drains, a finished restroom, commercial garage doors, LED lighting, fire suppression, and individually metered 150-amp electrical service. Owners can customize interiors, and each unit has a mailing address and mailbox access.
The property includes a vehicle maintenance and detailing facility, along with a members’ clubhouse, lounge, and shared common areas. Additional services include asset management, storage management, seasonal preparation, and logistics support. Access is available 24 hours a day in a climate-controlled environment.
The property includes a vehicle maintenance and detailing facility, along with a members’ clubhouse, lounge, and shared common areas. Additional services include asset management, storage management, seasonal preparation, and logistics support. Access is available 24 hours a day in a climate-controlled environment.
Key Highlights
- 2,000 square feet
- 17‑22 foot ceiling heights
- 150‑amp individually metered electrical service
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
$23,436
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
2.95%
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%
$468,720
$468.7K
Cap Rate 7%
$334,800
$334.8K
Cap Rate 9%
$260,400
$260.4K
Market Conditions
NOI Build-Up for 2,000 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
$36.0K $18.00/SF
− Vacancy
−$2.5K −$1.26/SF
EGI
$33.5K $16.74/SF
− OpEx
−$10.0K −$5.02/SF
NOI
$23.4K $11.72/SF
Area
Gallatin County, MT
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$468,720
Cap Rate 7%
$334,800
Cap Rate 9%
$260,400
Alternative Uses
Best Use
Retail
$334.8K
$293.0K – $390.6K
NOI $23,436 @ 7.0% cap · market cap 2.95%
Second Best
Industrial
$296.7K
$259.6K – $346.2K
NOI $20,769 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Town Pump
Shops & Services
15,243 visits/mo
0.4 miles
U-Haul
Shops & Services
438 visits/mo
0.5 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- U-Haul Moving & Storage at Jackrabbit Silos — 4496 Jackrabbit Ln, Bozeman, MT 59718
Frequently Asked Questions
What type of property is this?
Automotive property - Individually titled space includes climate control, 24/7 access, and a finished restroom.
Where is this automotive property located?
The property is located at TBD Leader Lane EB9 Belgrade, MT.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,000 square feet; 17‑22 foot ceiling heights; 150‑amp individually metered electrical service
