Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    214 Shepherd Trl, Unit E Bozeman, MT 59718

    Sponsored
    For Lease
    $15 SF/Yr ($2,392 /Mo)

    COMMERCIAL - Bozeman, MT

    Property size:
    1,914 SF
    Days on Market:
    2
    Last Refresh:
    Feb 11 at 8:06 pm

    Property Features for 214 Shepherd Trl

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    RGF54864
    Size
    1,914 SF

    Building Details

    Floors in Building
    2

    We can help!

    Listing Contact
    Sunny Odegard
    Sunny Odegard

    Gene Cook Real Estate (406) 586-0302

    Listing agent Sunny Odegard (406) 586-0302 License #BRO-63608

    Listing date Feb 10, 2026

    MLS# 408446

    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.

    Learn more

    Property Insight Report

    Overview

    Functional Warehouse Space in Bozeman

    This 1,914 SF warehouse space is located in the Four Corners area. It features a mezzanine for storage or flexible use, a floor drain, and one private restroom. A dedicated customer entry provides a professional presence. A 14-foot overhead door allows for efficient loading. The unit includes three allocated parking spaces, with additional street parking available. This property is ideal for a variety of commercial or light industrial uses, combining practicality with a great location and easy access to major routes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hammerhead Forge LLC General Contractor Shines Autos Meticulously Car Wash Reliable Plumbing Plumbing Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

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

    Similar Places Nearby

    4 corner storage, Storage Rentals of America, Bozeman Portable Storage

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.192894
    Latitude
    45.668428

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      MT, Bozeman - N 7th Ave

      Discover many ways to work your way in MT, Bozeman - N 7th Ave
      2310 7Th Ave, Bozeman, MT 59715
      View Details
    • $20 SF/Yr
      5,052 SF

      Bozeman Office Suite For Lease

      5,052 SF office suite in Four Corners.
      243 Pegasus Dr, Bozeman, MT 59718
      View Details
    • $20 SF/Yr
      10,104 SF

      Bozeman Office Building For Lease

      Two-story office building in Four Corners, Bozeman.
      243 Pegasus Dr, Bozeman, MT 59718
      View Details
    • $35 SF/Yr
      2,400 SF

      Remodeled Office Space in Bozeman

      2,400 SF remodeled office space with parking in downtown Bozeman.
      612 E Main St, Bozeman, MT 59715
      View Details
    • $14 SF/Yr
      2,850 SF

      Versatile Commercial Unit in Bozeman

      Functional flex space with warehouse and office near Bozeman.
      204 Durston Rd, Bozeman, MT 59718
      View Details
    • $25 SF/Yr
      64,052 SF

      Bozeman Office Property For Rent

      Office property in quiet northeast Bozeman location with mountain views.
      701 Gold Ave, Bozeman, MT 59715
      View Details
    • New
      $24 SF/Yr
      5,164 SF

      Inspiring Office Space in Bozeman

      Light-filled office space in prime Bozeman location.
      2216 Boot Hill Ct, Bozeman, MT 59715
      View Details
    • $23 SF/Yr
      3,140 SF

      Bozeman Office Space For Rent

      Well-maintained office space in excellent location, suitable for professional use.
      517 S 22Nd Ave, Bozeman, MT 59718
      View Details
    • $22 SF/Yr
      3,707 SF

      Turnkey Office Space in Bozeman

      Ready-to-occupy office space with high-end finishes and ample parking.
      1910 N 22Nd Ave, Bozeman, MT 59718
      View Details
    • $35 SF/Yr
      2,473 SF

      Downtown Bozeman Class A Office

      Premier office space in historic downtown Bozeman landmark building.
      104 E Main St, Bozeman, MT 59715
      View Details
    • $35 SF/Yr
      2,048 SF

      Downtown Bozeman Class A Office

      Premier office space in historic downtown Bozeman landmark building.
      104 E Main St, Bozeman, MT 59715
      View Details
    • $16 SF/Yr
      5,955 SF

      Versatile Warehouse Unit in Bozeman

      Nearly 6,000 sq ft warehouse with multiple overhead doors.
      191 Village Center Ln, Bozeman, MT 59718
      View Details

    FAQs

    What type of property is this?
    Warehouse - Well-located 1,914 SF warehouse with mezzanine and 14-foot door.
    Where is this warehouse located?
    The property is located at 214 Shepherd Trl, Unit E Bozeman, MT.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Desirable Four Corners location with easy access to major routes.; - 1,914 SF warehouse space with excellent functionality.; - Spacious mezzanine for additional storage or flexible use.
    (406) 570-4931
    Request Owner's contact information
    214 Shepherd Trl, Unit E 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.
    214 Shepherd Trl, Unit E
    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 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
    214 Shepherd Trl, Unit E 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sunny Odegard
    Sunny Odegard
    Real Estate License ID: BRO-63608
    (406) 570-4931
    Learn more
    Google sign-in failed. Please try again or use another login method.