Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20900 Frontage Rd, Unit B-MEZZ Belgrade, MT 59714

    • Showrooms
    • 8,480 SF
    For Lease
    View listing
    $7 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0288738
    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.

    Current Use by Public Records

    • Madison River Brewing Co / Production Facility / Brewery & Distillery
    • Amaltheia Cheese / Production Facility / Feed Store
    • Third Mountain Martial Arts / Training Center / Sports School
    • Stone and Boulders / Garden Center / Hardware & Home Improvement
    • CenterMark Industries / General Contractor / Renovation Specialist

    Property Details for 20900 Frontage Rd

    Year built
    1974
    Construction
    STEEL FRAME
    Property size
    8,480 SF
    Zone code
    6
    Property type
    Showrooms
    APN
    06-0903-12-1-03-01-2000
    APU
    6090312103012000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Belgrade
    County
    Gallatin
    State
    Montana
    Longitude
    -111.165
    Latitude
    45.7699
    CBSA code
    14580
    CBSA name
    BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,080
    $0.00
    $0.00
    $2,515,730
    -
    $0.00
    $2,515,730
    $2,515,730

    Comparable in this City

    • Value Estimation by Request
      12,472 SF

      270 Floss Flts Rd

      SHOW ROOM, WAREHOUSE • 12,472 SF
      270 Floss Flts Rd, Belgrade, MT 59714-9114
      View Details
    • Value Estimation by Request
      13,332 SF

      50 Bullrush Ave

      SHOW ROOM, WAREHOUSE • 13,332 SF
      50 Bullrush Ave, Belgrade, MT 59714-8279
      View Details
    • Value Estimation by Request
      5,567 SF

      350 Countryside Ln, Unit 358

      SHOW ROOM, WAREHOUSE • 5,567 SF
      350 Countryside Ln, Belgrade, MT 59714-2100
      View Details
    • Value Estimation by Request
      8,000 SF

      40 Doe Rd, Unit 46

      SHOW ROOM, WAREHOUSE • 8,000 SF
      40 Doe Rd, Belgrade, MT 59714-9699
      View Details
    • Value Estimation by Request
      11,820 SF

      6400 Jackrabbit Ln

      SHOW ROOM, WAREHOUSE • 11,820 SF
      6400 Jackrabbit Ln, Belgrade, MT 59714
      View Details
    • Value Estimation by Request
      2,880 SF

      205 Pollywog Ln

      SHOW ROOM, WAREHOUSE • 2,880 SF
      205 Pollywog Ln, Belgrade, MT 59714-9116
      View Details

    Similar Nearby for Sale

    • $3,900,000
      1,180 SF

      Montana Ranch with Two Homes

      29 Acres, Two Homes, Huge Potential
      477 Reese Creek Rd, Belgrade, MT 59714
      View Details
    • $1,590,000
      1,536 SF

      Belgrade Commercial Property - High Potential

      Downtown Belgrade, 1.2 Acres, 1500+ sq ft
      505 Main St, Belgrade, MT 59714
      View Details
    • Contact for pricing
      Pending

      Garage at Bozeman Yellowstone Airport

      Convenient garage unit near Bozeman Yellowstone International Airport.
      Nhn Gallatin Car Park Unit C-15, Belgrade, MT 59714
      View Details
    • $4,555,000
      14,000 SF

      Prime Belgrade Hangar - Bozeman Airport

      14,000 sq ft hangar, office space, leasehold
      210 Aviation Ln, Belgrade, MT 59714
      View Details
    • Contact for pricing

      Commercial Lots Near Airport Interchange

      Commercial lots available near I-90 Airport Interchange in Belgrade, MT.
      Tbd Frank 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
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highway Exposure Development Opportunity

      Mixed-use development near airport with highway exposure.
      Airway Blvd, Belgrade, MT 59714
      View Details
    • Contact for pricing

      New Construction Flex/Retail/Office/Warehouse Space

      New construction flex, retail, office, and warehouse spaces available for rent.
      1828 Amsterdam Rd, Belgrade, MT 59714
      View Details
    • $27 SF/Yr
      1,945 SF

      New Office Space in Belgrade

      New construction office suite in Belgrade's newest office park.
      104 Wandering Way, Belgrade, MT 59714
      View Details
    • $14 SF/Yr
      52,713 SF

      Belgrade Industrial & Office Space

      Montana Warehouses & Offices for Lease
      522 Jetway Dr, Belgrade, MT 59714
      View Details
    • New
      $3,180 /Mo
      2,880 SF

      Belgrade Commercial Property For Rent

      Well-located commercial space suitable for various business operations.
      845 Glider Ln, Belgrade, MT 59714
      View Details
    • $12 SF/Yr
      3,840 SF

      Belgrade Warehouse with Yard Area

      Functional warehouse space in Belgrade with yard and three-phase power.
      290 Arden Dr, Belgrade, MT 59714
      View Details
    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.
    20900 Frontage Rd, Unit B-MEZZ
    Belgrade, MT 59714
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!