Manhattan Commercial Condo For
For Sale
$397,000
115 E Gallatin A-202, Manhattan, MT 59741
Gray-shell condo in Manhattan's Central Business District, ready for customization.
Property Size1,864 SF
Price / SF$212.98
Days on Market875
Property Features for 115 E Gallatin A-202
General Information
Standard status
Active
Size
1,864 SF
Property subtype
Condo
Building Details
Year Built
2006
Listing Agency:
Bozeman Broker Group
(406) 587-5900
Listed By:
Bozeman Brokers · License #BRO-9327
(406) 556-4555
Source:
Xome
Added: Mar 12, 2024
Changed: Jul 6
Last Checked: Aug 3 at 3:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bozeman Broker Group
Investment Insights
Based on property information with market context.
Located in Manhattan's Central Business District, Manhattan Town Center #202 is a gray-shell commercial condo suitable for a range of commercial uses. As a corner unit, it features a versatile, open footprint that can be customized to include private offices, collaborative work areas, or a combination of both. A notable feature is the corner room, which offers views and a cathedral-height ceiling, suitable for a conference room or executive office. The Manhattan Town Center complex, designed by Bechtel-Slade Architecture and built by Langlas Construction, consists of three buildings with elevator access and a courtyard. The property offers 1864 square feet of space.
Key Highlights
- Prime location in Manhattan's Central Business District.
- Versatile gray‑shell commercial condo allowing for custom design.
- Unique corner unit with great views and cathedral‑height ceiling.
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 | $39.1k | $21.00 |
| − Vacancy | −$2.6k | −$1.39 |
| EGI | $36.6k | $19.61 |
| − OpEx | −$9.1k | −$4.90 |
| NOI | $27.4k | $14.71 |
1,864 SF · lease $21.00/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$391.7K
$342.8K – $457.0K
NOI $27,420 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$486.7K
$425.9K – $567.9K
NOI $34,071 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 59741, MT
5,397
Population
2,330
Households
2.3
Avg Household Size
39
Median Age
36%
College-Educated
99%
High-School Grad
164.9 sq mi
ZIP Area
33
Density / Sq Mi
$86,382
Median Household Income
$48,460
Median Earnings
$1,676
Median Rent
$562,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Gray-shell condo in Manhattan's Central Business District, ready for customization.
Where is this office units located?
The property is located at 115 E Gallatin A-202 Manhattan, MT.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Prime location in Manhattan's Central Business District.; Versatile gray‑shell commercial condo allowing for custom design.; Unique corner unit with great views and cathedral‑height ceiling.
