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    204 Durston Road unit D Bozeman, MT 59718

    View on Map
    For Lease
    $14 SF/Yr

    COMMERCIAL - Bozeman, MT

    Property size:
    2,850 SF
    Added:
    Nov 11, 2025
    Days on Market:
    141
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 204 Durston Road unit D

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    RGF49773
    Size
    2,850 SF

    Taxes and HOA fees

    TaxDescription
    MINOR SUB 332, S12, T02 S, R04 E, Lot A, ACRES 1.571

    Utilities

    Heating system
    Space Heater

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Sunny Odegard
    Sunny Odegard

    Listing agent Sunny Odegard License #BRO-63608

    Listing office Starner Commercial Real Estate 1276 N 15th Ave, Suite 103, Bozeman, MT

    Listing date Nov 11, 2025

    MLS# 406994

    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

    Versatile Commercial Unit in Bozeman

    This versatile unit, situated in Four Corners, provides a functional space suitable for various business operations. The property includes a 40x60-foot open warehouse area featuring 16-foot ceilings and a 14-foot overhead door. A fully finished mezzanine offers approximately 450 square feet of office space. The main level features polished concrete floors and energy-efficient LED lighting. The unit also includes a full bathroom with a shower, one enclosed office, and one overhead garage door. Equipped with 120 and 208 volt three-phase power, the unit can support a range of commercial or industrial equipment. Parking is available on both the west and east sides of the unit. Located minutes from Bozeman with quick access to major routes, this space is designed for functionality in a prime location. The property size is 2850 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NXGEN CNC Factory Black Forest Motors Auto Repair Shop SureRoof Roofing Company Sparta OCR Training Gym & Fitness Center Buck Bone Organics ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Pharmacy Hotel & Motel Auto Parts Store

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

    Similar Places Nearby

    • My Storage LLC — 75 Broken Horn Dr, Bozeman, MT 59718

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.1819802
    Latitude
    45.6852734

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    FAQs

    What type of property is this?
    Warehouse - Functional flex space with warehouse and office near Bozeman.
    Where is this warehouse located?
    The property is located at 204 Durston Road unit D Bozeman, MT.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Four Corners, minutes from Bozeman, with quick access to major routes.; Versatile 40x60 ft warehouse space with **16‑foot ceilings and a 14‑foot overhead door.**; Finished mezzanine with approximately 450 sq ft of office space.
    (406) 570-4931
    We can help!
    Listing Contact
    Sunny Odegard
    Sunny Odegard
    Real Estate License ID: BRO-63608
    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.

    More about this property
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