Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    8977 Dry Crk Rd Belgrade, MT 59714-8121

    • Investment properties
    • 816 SF
    • 24.62 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0180594
    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

    • Stanton Lea M / Counselor
    • Liberty Place at Bootstrap Ranch / Group Home
    • Irvin Jessica / Counselor
    • Twombly William / Counselor

    Property Details for 8977 Dry Crk Rd

    Year built
    1947
    Construction
    WOOD
    Lot size
    24.62 lot acres
    Property size
    816 SF
    Zone code
    8
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    06-1109-35-2-01-02-0000
    APU
    6110935201020000

    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
    -111.199
    Latitude
    45.8827
    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
    $3,758
    $0.00
    $0.00
    $4,012,017
    -
    $574,247
    $3,437,770
    $4,012,017

    Comparable in this City

    • Value Estimation by Request
      2,419 SF

      1558 Amsterdam Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,419 SF
      1558 Amsterdam Rd, Belgrade, MT 59714-8979
      View Details
    • Value Estimation by Request
      2,430 SF

      560 Clovehitch Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,430 SF
      560 Clovehitch Rd, Belgrade, MT 59714-8981
      View Details
    • Value Estimation by Request
      1,400 SF

      22540 Frontage Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,400 SF
      22540 Frontage Rd, Belgrade, MT 59714-8549
      View Details
    • Value Estimation by Request
      1,120 SF

      1700 Amsterdam Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,120 SF
      1700 Amsterdam Rd, Belgrade, MT 59714-8949
      View Details
    • Value Estimation by Request
      1,176 SF

      234 Arden Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,176 SF
      234 Arden Dr, Belgrade, MT 59714-8917
      View Details
    • Value Estimation by Request
      1,652 SF

      202 Madison Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,652 SF
      202 Madison Ave, Belgrade, MT 59714-3905
      View Details

    Similar Nearby for Sale

    • $1,850,000
      7 SF

      Versatile Property Near Belgrade/Bozeman

      One-acre property with office, shop, and living areas near I-90.
      21 Bearcat Loop, Belgrade, MT 59714
      View Details
    • $4,997,600
      0.35 Acres

      New Construction Live/Work 4-Plex

      Luxury 3 bed/3 bath live/work space in Belgrade, MT.
      202 Fletching, Belgrade, MT 59714
      View Details
    • $2,500,000
      0.35 Acres

      New Belgrade Live/Work Fourplex

      Luxury new construction live/work fourplex in Belgrade, Montana.
      202 Fletching, Belgrade, MT 59714
      View Details
    • $850,000
      0.16 Acres

      Belgrade Multifamily Property with Income

      Spacious duplex in Belgrade, MT with strong rental income potential.
      302 10Th St, Belgrade, MT 59714
      View Details
    • $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
    • $25,250,000
      53,000 SF

      Amazon Distribution Center in Belgrade, MT

      Prime Montana Investment: 53,000 SF Amazon Lease
      104 Brewers Boulevard, Belgrade, MT 59714
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      2,411 SF

      New Belgrade Live/Work Unit

      New live/work unit in Belgrade, suitable for business and residential.
      205 Fletching Way, Belgrade, MT 59714
      View Details
    • $14 SF/Yr
      6,012 SF

      Belgrade Flex Space For Rent

      Flex space available for lease near downtown Belgrade and Bozeman.
      667 Glider Ln, Belgrade, MT 59714
      View Details
    • New
      $16 SF/Yr
      15,000 SF

      Under Construction Belgrade Warehouse Space

      15,000 SF warehouse with loading docks and fire suppression.
      112 Stone Riv Rd, Belgrade, MT 59714
      View Details
    • $16 SF/Yr
      30,690 SF

      West Belgrade Commercial Spaces

      Brand new, flexible spaces available.
      1828 Amsterdam Rd, Belgrade, MT 59714
      View Details
    • $17 SF/Yr
      6,500 SF

      Belgrade Warehouse with Mezzanine Office

      New 6,500 SF warehouse with versatile commercial/industrial potential.
      110 Stone Riv Rd, 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
    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.
    8977 Dry Crk Rd
    Belgrade, MT 59714-8121
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.