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

    1242 Thomas Dr Bozeman, MT 59718

    For Sale
    $999,000

    LAND - Bozeman, MT

    Property size:
    1,864 SF
    Lot size:
    0.91 Acres
    Days on Market:
    103
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 1242 Thomas Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    RFG8613
    Size
    1,864 SF
    Lot size
    0.91 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1976

    Bozeman Real Estate Group (406) 587-1717 [email protected]

    Listing agent Jim Applebee (406) 587-1717 License #BRO-12229

    Listing date Aug 25, 2025

    MLS# 386806 Listing URL

    Copyright © 2025 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

    Bozeman Land for Multifamily Project

    This 0.91-acre lot, zoned R-4, is located in Bozeman, Montana, and is suitable for a multifamily, condo, or apartment project. A previously approved design for a 20-unit condo building, which has now expired, can be resubmitted, potentially reducing approval times and design expenses. These plans will be transferred to the buyer upon closing. The property is located near dining, shopping, and large employers, offering a builder or developer a project with much of the initial work already completed. Additional information and plans are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.073135
    Latitude
    45.70263

    Nearby Similar for Sale

    • $1,675,000
      Pending

      Craftsman Home with Oversized ADU

      Well-built home with ADU on 1.6 acres in Bozeman.
      31 Coolwater Way, Bozeman, MT 59718
      View Details
    • $699,000
      Pending

      Bozeman Duplex on Spacious Lot

      Duplex in Bozeman's desirable neighborhood with updated living spaces.
      306 S 14Th Ave, Bozeman, MT 59715
      View Details
    • $1,650,000
      4.03 Acres

      Bozeman Ranch with ADUs

      Restored farmhouse with ADUs, gardens, and horse setup.
      12977 Cottonwood Rd, Bozeman, MT 59718
      View Details
    • $4,000,000
      20.40 Acres

      Bozeman Mountain-Modern Retreat with Guest Home

      Remodeled home on 20 acres near Bozeman with guest house.
      745/749 Rocky Rd, Bozeman, MT 59718
      View Details
    • $1,465,000
      0.07 Acres

      Bozeman Townhome with ADU Apartment

      Contemporary townhome with ADU near downtown Bozeman.
      429 N Willson Ave, Bozeman, MT 59715
      View Details
    • $1,300,000
      0.17 Acres

      Two Homes in Bozeman Neighborhood

      Two homes on three city lots near downtown Bozeman.
      605 N Grand Ave, Bozeman, MT 59715
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.91 acre lot suitable for multifamily development in Bozeman, MT.
    Where is this residential land & home lot located?
    The property is located at 1242 Thomas Dr Bozeman, MT.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Large .91 acre lot with R-4 zoning suitable for multi-family development.; - Previously approved condo design for a 20-unit building included, potentially reducing approval times and design expenses.; - Plans for the expired 20-unit condo building are transferable to the buyer.
    (406) 587-1717
    Request Owner's contact information
    1242 Thomas Dr Bozeman, MT 59718
    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.
    1242 Thomas Dr
    Bozeman, MT 59718
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1242 Thomas Dr Bozeman, MT 59718
    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
    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.