New search
Property profile & analytics
FOR SALE
Commercial real estate
214 W Main St, Manhattan, MT 59741
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US52-0093784
For Sale
1 / 14
$800,000
214 W Main St, Manhattan, MT 59741
View Listing →
Property summary
AI-generated overview
This exceptional 0.67-acre commercial land parcel, located at 214 W Main Street in Manhattan, Montana (zip code 59741), presents a unique investment opportunity for developers, builders, and investors. Situated in the heart of downtown Manhattan's Central Business District (CBD), this property is zoned for a variety of uses. The lot comprises nine individual 130' x 25' lots, offering significant flexibility for development. Permitted uses under the CBD zoning include, but are not limited to, commercial, mixed-use, live/work, residential, and retail projects. Manhattan, a rapidly growing town just 15 minutes from Bozeman, experiences a high demand for commercial services and residential units. This prime location offers the potential for a multi-floor vertical development, catering to the town's evolving needs. The asking price for this exceptional property is $895,000. Contact for zoning details.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1963
Construction
WOOD
Total area
1,800 SF
Lot
0.67 ac (29,229 SF)
Zoning code
6
APN
06-1009-10-1-17-02-0000
UPID
US52-0093784
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
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
Manhattan Depot LLC · 8 yrs held
Manhattan Depot LLC
since 2018
3 recorded transactions
Zoning & alternative use
6 · Manhattan, 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 Manhattan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manhattan 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
$3,631
Tax year 2023
Assessed value
$375,911
Assessed 2023
Previous assessed
$375,911
+0.0% YoY
Effective rate
0.97%
On assessed value
Land market value
$375,911
Total market value
$375,911
Applied tax rate
34,729.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1963
Construction
WOOD
Heating
SPACE
Stories
1
Total area
1,800 SF
Lot
0.67 ac (29,229 SF)
Zoning code
6
APN
06-1009-10-1-17-02-0000
UPID
US52-0093784
Jurisdiction
GALLATIN
Zoning & alternative use
6 · Manhattan, MT
Zoning 6 · permitted uses
6 · Manhattan, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manhattan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
SPACE
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Manhattan Depot LLC
Entity
Mailing address
99 NORTHERN LGTS LN, BOZEMAN, MT 59715-7951
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2018
—
Manhattan Depot LLC
214 W Main LLC
Warranty Deed
$300,000 · American Bank
Sep 16, 2013
—
214 W Main LLC
214w LLC
Warranty Deed
$265,000 · Manhattan Bank
Dec 27, 2005
—
Mark A Gillette
Mark A Gillette
Intrafamily Transfer
related
$19,000 · Manhattan State Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
