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    151 Bolinger Rd Belgrade, MT 59714
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    Property profile & analytics

    151 Bolinger Rd, Belgrade, MT 59714

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    • Self storage facilities
    • 70,373 SF
    • 8.54 lot acres
    Off-Market
    Property ID
    US52-0165138
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Self storage facilities

    Property Details for 151 Bolinger Rd

    Lot size
    8.54 lot acres
    Property type
    Self storage facilities
    Property subtype
    Distribution centers

    Description

    This exceptional 70,373 square foot industrial property in Belgrade, Montana, presents a unique investment opportunity. Comprising 17 buildings on an 8.54-acre lot, the portfolio includes 196 self-storage units boasting 98-100% occupancy, a 6,600 square foot shop with integrated office space, and two successful vacation rentals (VRBOs). One VRBO is a 5,400 square foot custom home accommodating over 20 guests, while the other is located in a separate building. Both VRBOs have a strong rental history, consistently exceeding 60% occupancy. The property's strategic location just west of Belgrade's rapidly expanding area and its proximity to Yellowstone International Airport further enhance its appeal. The asking price is $9,250,000, representing a 5.86% capitalization rate and a NOI of $541,738. The property's diverse income streams, high occupancy rates, and prime location make it an attractive investment prospect with significant potential for future growth. The property is classified as industrial, mixed-use, office, and self-storage, with a flex/warehouse subtype. The price per square foot is $131.44.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.2034997956
    Latitude
    45.789779667247

    Comparable in this City

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      2,415 SF

      New Belgrade Live/Work 4-Plex

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      1,600 SF

      Versatile Commercial and Personal Space

      Ideal for work, relaxation, storage, hobbies, and easy commuting.
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    • $1,295,000
      Pending

      Belgrade Land with Shop

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      1,452 SF

      Belgrade Warehouse Near Airport

      Modern, versatile warehouse near Bozeman Airport with seller financing.
      1102 Jackrabbit Ln, Belgrade, MT 59714
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      Pending

      Belgrade Warehouse Near Airport

      Modern warehouse near Bozeman Airport, suitable for diverse commercial uses.
      1102 Jackrabbit Ln, Belgrade, MT 59714
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    Similar Nearby for Sale

    • $2,500,000
      2,415 SF

      New Belgrade Live/Work 4-Plex

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      204 Fletching, Belgrade, MT 59714
      View Details
    • Contact for pricing
      1,600 SF

      Versatile Commercial and Personal Space

      Ideal for work, relaxation, storage, hobbies, and easy commuting.
      211 Jetway Dr, Belgrade, MT 59714
      View Details
    • $1,295,000
      Pending

      Belgrade Land with Shop

      6.79 acre Belgrade property with shop and mountain views.
      5155 Clearview Rd, Belgrade, MT 59714
      View Details
    • Contact for pricing
      1,452 SF

      Belgrade Warehouse Near Airport

      Modern, versatile warehouse near Bozeman Airport with seller financing.
      1102 Jackrabbit Ln, Belgrade, MT 59714
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    • Contact for pricing
      Pending

      Belgrade Warehouse Near Airport

      Modern warehouse near Bozeman Airport, suitable for diverse commercial uses.
      1102 Jackrabbit Ln, Belgrade, MT 59714
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
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      Belgrade Industrial & Office Space

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      522 Jetway Dr, Belgrade, MT 59714
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    • $15 SF/Yr
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      Revitalized Industrial Space in Belgrade

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      2,400 SF

      Belgrade Flex Space Available

      Flex space available for rent in Belgrade, Montana.
      170 Skyway Blvd, Belgrade, MT 59714
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      7,781 SF

      Revitalized Industrial Space For Lease

      Industrial space for lease after reconstruction and upgrades.
      1-189 Arden Dr, Belgrade, MT 59714
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      New Construction Flex/Retail/Office/Warehouse Space

      New construction flex, retail, office, and warehouse spaces available for rent.
      1828 Amsterdam Rd, Belgrade, MT 59714
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    • New
      $17 SF/Yr
      5,128 SF

      Belgrade Commercial Building with Garages

      Commercial building with office space and oversized enclosed garages.
      77 Riverway Rd, Belgrade, MT 59714
      View Details
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    151 Bolinger Rd
    Belgrade, MT 59714
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    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
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    151 Bolinger Rd, Belgrade, MT, 59714
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