For Sale
$9,250,000

151 Bolinger RdBelgrade, MT 59714

High-yield Montana investment. Multiple income streams.

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • 6.54% cap rate in a highly desirable Belgrade, MT location.
  • VRBOs exceed 60% occupancy.
  • Self-storage units boast 98-100% occupancy.
  • Located in rapidly growing area of Belgrade, Montana, near Yellowstone International Airport.

Property Details for 151 Bolinger Rd

Property type
Warehouses, Office properties
Square Feet
70,373 SF
Buildings
17
Lot Size (sq. ft)
372,002 SF
Units
200

Location Insight

City
Belgrade
County
Gallatin
State
Montana
Latitude
45.789779667247
Longitude
-111.2034997956
151 Bolinger Rd, Belgrade, Montana

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151 Bolinger Rd
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