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    Garage Condominium for Auto Enthusiasts Title is generated by Realmo AI

    TBD Leader Lane EB11, Bozeman, MT 59718

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    For Sale
    $595,000

    Commercial Sale, Other - Bozeman, MT

    Type:Condominium
    Property size:
    1,335 SF
    Price / SF:
    $445/SF
    Added:
    Mar 5, 2026
    Days on Market:
    77
    Last Refresh:
    May 21 at 11:06 am

    Property Features for TBD Leader Lane EB11

    General Information

    Property type
    Commercial Sale
    Property subtype
    Condominium
    Zoning
    C
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Assigned, Covered, Garage, Paved or Surfaced
    EntryLevel
    EB11
    Standard status
    Active
    APN
    RFF87250
    Size
    1,335 SF

    Utilities

    Heating system
    Electric (Heating), Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2026
    Architectural style
    Other
    BuilderName
    Langlas/NVS

    We can help!

    Listing Contact
    PollyAnna Snyder

    Listing agent PollyAnna Snyder

    Listing office Engel & Völkers Bozeman 106 East Babcock, Suite 1C, Bozeman, MT

    Listing date Mar 5, 2026

    MLS# 408489 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Exclusive, deeded garage condominium community for collectors and enthusiasts.
    • Individually owned, specialized garage condos protect and showcase prized vehicles.
    • Customizable interiors with high ceilings and mezzanine levels for lifts, workshops, or lounges.
    • Access to a refined Members’ Club & Lounge and dedicated support team.
    • Secure, climate‑controlled, 24/7 access environment.
    • Titled real estate providing permanence and security of ownership.

    Overview

    This commercial property in Bozeman, MT, is part of EVESO, a private Auto & Outdoor Adventure Club. It offers deeded garage condominiums designed for collectors, drivers, and outdoor enthusiasts. These specialized garage condos are tailored to protect and showcase vehicles and equipment, from automobiles to motorsport rigs and backcountry gear. The property features individually owned units with customizable interiors, accommodating 17 to 22-foot ceiling heights and integrated mezzanine levels. Owners can personalize their spaces into showrooms, workshops, or adventure headquarters. Each unit is titled real estate, providing ownership with the flexibility to personalize the space. The property includes commercial garage doors, 150-amp individually metered electrical service, a finished restroom, finished flooring with internal floor drains, high-efficiency LED lighting, and a fire suppression system. Additional features include an individual mailing address and mailbox access onsite. Owners have access to a Members’ Club & Lounge and a dedicated in-house support team providing professional maintenance and detailing, storage management, seasonal preparation, and logistics. The property provides a secure, climate-controlled, 24/7 access environment. The property size is 1335 square feet. It is zoned C.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Map

    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.103
    Latitude
    45.4973

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    FAQs

    What type of property is this?
    Parking lot & garage - Exclusive garage condominium community designed for auto and outdoor adventure enthusiasts.
    Where is this parking lot & garage located?
    The property is located at TBD Leader Lane EB11 Bozeman, MT.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Exclusive, deeded garage condominium community for collectors and enthusiasts.; Individually owned, specialized garage condos protect and showcase prized vehicles.; **Customizable interiors with high ceilings and mezzanine levels** for lifts, workshops, or lounges.
    (406) 600-2477
    We can help!
    Listing Contact
    PollyAnna Snyder
    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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