Building Details

Year Built 1985

Listing Agency: PureWest Real Estate - Missoula

Listed By: Devin Khoury Show Phone

Source: Purewestrealestate

Added: Jun 15, 2025 Changed: Oct 16 Last Checked: Oct 20 at 5:03PM

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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 PureWest Real Estate - Missoula

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Investment Insights

Based on property information with market context.

This for-sale commercial office building offers approximately 14,000 square feet of flexible interior space. The current configuration includes multiple private offices, a reception area, and a conference room, providing a functional layout for professional and service-oriented uses.

Located at 125 W Mendenhall Street in downtown Bozeman, the property is about one block off Main Street. The site includes a paved parking lot, adding practical convenience for occupants and visitors in the downtown core.

Key Highlights

• 14,000 SF commercial building built in 1985 in downtown Bozeman, one block off Main Street
• Paved parking lot included in the downtown core
• Interior includes multiple private offices plus a reception area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$205,947

Cap Rate

5.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,118,940 $4.1M

Cap Rate 7%

$2,942,100 $2.9M

Cap Rate 9%

$2,288,300 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,000 SF

Gross rent

$294.0K $21.00/SF

− Vacancy

−$19.4K −$1.39/SF

EGI

$274.6K $19.61/SF

− OpEx

−$68.6K −$4.90/SF

NOI

$205.9K $14.71/SF

Area

Gallatin County, MT

Vacancy

6.60%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,118,940

Cap Rate 7%

$2,942,100

Cap Rate 9%

$2,288,300

Alternative Uses

Best Use

Office B

$2.94M

$2.57M – $3.43M (±1% cap)

NOI $205,947 @ 7.0% cap · market cap 5.88%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.66M

$3.20M – $4.26M (±1% cap)

NOI $255,898 @ 7.0% cap · market cap 7.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Instant Tax Solutions Law Firm Townsquare Media Bozeman Marketing & Advertising My 103.5 Marketing & Advertising KPRK 1340AM Advertising Agency 96.7 KISS FM Advertising Agency

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Electrical Service Pet Grooming Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,349

Businesses Nearby

Explore this area Business Placement

Demographics for 59715, MT

37,286

Population

17,116

Households

2.2

Avg Household Size

30

Median Age

68%

College-Educated

98%

High-School Grad

294.9 sq mi

ZIP Area

126

Density / Sq Mi

$85,000

Median Household Income

$31,646

Median Earnings

$1,376

Median Rent

$755,300

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - For sale office building with a paved parking lot and multiple private offices plus reception and a conference room.

Where is this office building located?

The property is located at 125 W Mendenhall Street Bozeman, MT.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 14,000 SF commercial building built in 1985 in downtown Bozeman, one block off Main Street; Paved parking lot included in the downtown core; Interior includes multiple private offices plus a reception area