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Property profile & analytics
FOR LEASE
Manufacturing properties
189 Arden Dr, Belgrade, MT 59714
Entity Owned
~
Est. High Equity
Property ID
US52-0132123
For Lease
1 / 27
$15 SF/Yr
189 Arden Dr, Belgrade, MT 59714
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
1985
Construction
WOOD
Total area
18,384 SF
Lot
2.35 ac (102,540 SF)
Zoning code
6
APN
06-0903-02-1-03-06-0000
UPID
US52-0132123
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Montana Farmers' Market Specialty Food Shop Farmer's Market
-
Dirtbag Kustomz Metal Fabrication Plant Factory
-
Ready Workforce Training System Employment Agency
-
Career Transitions Business Service Center Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
189 Belgrade LLC
189 Belgrade LLC
since 2025
5 recorded transactions
Zoning & alternative use
6 · Belgrade, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Belgrade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belgrade submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,988
Tax year 2023
Assessed value
$1,539,700
Assessed 2023
Previous assessed
$1,539,700
+0.0% YoY
Effective rate
0.84%
On assessed value
Land market value
$440,088
Improvement market value
$1,099,612
Total market value
$1,539,700
Applied tax rate
236,803.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Status
For Lease
Year built
1985
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
18,384 SF
Lot
2.35 ac (102,540 SF)
Zoning code
6
APN
06-0903-02-1-03-06-0000
UPID
US52-0132123
Jurisdiction
GALLATIN
Zoning & alternative use
6 · Belgrade, MT
Zoning 6 · permitted uses
6 · Belgrade, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belgrade. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
189 Belgrade LLC
Entity
Mailing address
9328 E EVANS PL, DENVER, CO 80231-3434
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2026
—
189 Belgrade LLC
—
Deed
related
$1,680,000 · Bank Of The Rockies NA
Oct 17, 2025
—
189 Belgrade LLC
Gsl Group INC
Special Warranty Deed
—
Apr 9, 2021
—
Gsl Group INC
189 Arden Drive LLC
Warranty Deed
$1,098,000 · Solera National Bank
Nov 7, 2018
—
189 Arden Drive LLC
First Interstate Bank
Special Warranty Deed
$602,550 · Fidelity Bank
Dec 14, 2011
—
Flathead Bank
Pr Investments LLC
Deed In Lieu Of Foreclosure
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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