Live-Work Condo with Shop
101201-321 Gallatin Park Drive Bozeman, MT 59715
101201-321 Gallatin Park Drive, Bozeman, MT, 59715
$1,275,000
For Sale
$1,275,000
Newer live-work condo featuring a large main-level garage/shop and an air-conditioned two-bedroom residence above.
Property Size2,660 SF
Price / SF$479.32
Days on Market9
Property Features for 101201-321 Gallatin Park Drive
General Information
- Standard status
- Active
- Size
- 2,660 SF
Listing agency
NextHome Destination
(406) 548-2412
Listed by
Sarah & Abram Antonucci · License #RRE-BRO-LIC-53018,PersonLicenseNumber
(406) 548-2412
Source
Exprealty
Added: Jul 14 Updated: Jul 22 at 12:25AM Checked: Jul 22 at 12:25AM
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Investment Insights
Based on property information with market context.
This newer live-work condo is designed to combine a working space with a comfortable residence. The main level includes an expansive garage/shop with a convenient half bathroom, providing a dedicated area for a wide range of business uses or storage and workspace. Upstairs, the living area offers abundant natural light through oversized windows, an open-concept layout, air conditioning, and a spacious kitchen with ample cabinetry, counter space, and an oversized island. A second-floor deck extends the indoor living space outdoors, and the upper level also includes two bedrooms, a full bathroom, and a dedicated office.
The property includes three designated parking spaces for owners, clients, or guests, adding practical convenience for day-to-day use.
The property includes three designated parking spaces for owners, clients, or guests, adding practical convenience for day-to-day use.
Key Highlights
- Newer live‑work condo with 1,333 SF main‑level garage/shop plus a convenient half bathroom
- Upper living area offers 1,327 SF with two bedrooms, a full bathroom, and a dedicated office
- Air conditioning in the residence for year‑round comfort
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.9k | $21.00 |
| − Vacancy | −$3.7k | −$1.39 |
| EGI | $52.2k | $19.61 |
| − OpEx | −$13.0k | −$4.90 |
| NOI | $39.1k | $14.71 |
2,660 SF · lease $21.00/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$559.0K
$489.1K – $652.2K
NOI $39,130 @ 7.0% cap · market cap 3.07%
Second Best
Mixed Use
$522.7K
$457.4K – $609.8K
NOI $36,588 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$694.6K
$607.8K – $810.4K
NOI $48,621 @ 7.0% cap · market cap 3.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Newer live-work condo featuring a large main-level garage/shop and an air-conditioned two-bedroom residence above.
Where is this live-work space located?
The property is located at 101201-321 Gallatin Park Drive Bozeman, MT.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Newer live‑work condo with 1,333 SF main‑level garage/shop plus a convenient half bathroom; Upper living area offers 1,327 SF with two bedrooms, a full bathroom, and a dedicated office; Air conditioning in the residence for year‑round comfort
