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    111 S Grand unit 219 Bozeman, MT 59715

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    COMMERCIAL - Bozeman, MT

    Added:
    Jan 26, 2026
    Days on Market:
    96
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 111 S Grand unit 219

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    Emerson unit 219(Leased)

    Utilities

    Cooling system
    Window Unit(s)

    We can help!

    Listing Contact
    Jeff Bent

    Listing agent Jeff Bent License #BRO-46050

    Listing office Obsidian Realty Group 795 Springhill Lane, bozeman, MT

    Listing date Jan 26, 2026

    MLS# 408206

    Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Photography Business in Bozeman

    This is an established photography business for sale, known as 406 Photo and 406 Headshots, located in Bozeman, MT. It is a turnkey operation specializing in weddings, family portraits, senior photos, professional headshots/personal branding, commercial shoots, and passport/visa services. The business has a loyal client base, a strong online presence, and is licensed and insured. It features a professional studio setup and proven revenue in a mountain town near Yellowstone. Key assets include dual brands: 406 Photo (weddings, family portraits, seniors, custom wall art/albums) and 406 Headshot (professional headshots, personal branding for executives/entrepreneurs/actors, commercial/event photography). The business has diverse revenue streams from weddings, family and portrait sessions, business branding, passport/visa photos (including newborns), and prints/framing. It has a strong digital presence with active websites, online scheduling/proofing galleries, email marketing, and social media following. The business is experienced and licensed, with processes for client consultations, posing guidance, professional retouching, and delivery of high-quality heirloom quality prints. It has a loyal Montana clientele and also does travel work. The business includes equipment, client database/history, booking system, domains, and brand assets in a high-demand market driven by tourism, weddings, real estate, and professionals relocating to Bozeman.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Bound Goods (Bike/Boat/Book/etc) Store Heart & Hand Center: ... Family Counselor Bozeman Film Society Cinema Vigilante Theatre Co Theater & Performing Art Venue Mountain Air Dance: ... Training Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.040545
    Latitude
    45.677672

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    FAQs

    What type of property is this?
    Wedding venue - Turnkey photography business for sale in downtown Bozeman, Montana.
    Where is this wedding venue located?
    The property is located at 111 S Grand unit 219 Bozeman, MT.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Turnkey established photography business with dual brands (406 Photo & 406 Headshot) and proven revenue in a high‑demand Bozeman, MT market.; Diverse revenue streams including weddings, portraits, headshots, commercial work, and passport/visa services.; Strong online presence with active websites, online scheduling, email marketing, and social media following.
    (406) 579-4977
    We can help!
    Listing Contact
    Jeff Bent
    Real Estate License ID: BRO-46050
    Learn More
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    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.

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    111 S Grand unit: 219, Bozeman, MT 59715

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