Mixed-Use Property with Attached
For Sale
$320,000
Pending
13 Central, Bozeman, MT 59718
CommercialSale, Bozeman, MT
Property Size672 SF
Lot Size0.22 Acres
Days on Market32
Property Features for 13 Central
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Country- Mixed Use
Zoning description
MU
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Subdivision
Rainbow
Directions
Jackrabbit Lane South. past Four Corners. Right on 3rd St. Right on Central. Home is on the left.
Standard status
Pending
APN
RGF11856
Size
672 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RAINBOW SUB, S14, T02 S, R04 E, LOT 129 - 130
Tax Annual Amount
1124
Legal Description
RAINBOW SUB, S14, T02 S, R04 E, LOT 129 - 130
Utilities
Heating system
Natural Gas
Water source
Well
Amenities
garage
shop
Building Details
Year built
1962
Listing Agency:
AmeriMont Real Estate
(406) 284-6546
Listed By:
Nancy Clark · License #BRO-63331
(406) 579-9190
Added: Jul 24
Changed: Aug 19
Last Checked: Aug 24 at 2:06PM
MLS# 413533
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 672-square-foot residence built in 1962, with one bedroom, a walk-through closet, an open living and kitchen area, and one full bathroom. The home requires significant updating, including replacement of appliances. An attached two-car garage and attached shop add storage and workspace. Recent improvements include a metal roof and septic tank, while the property is served by a private well and septic drainfield. The backyard is fully fenced.
The 0.22-acre parcel is located one block from Highway 191 in the Four Corners area and is zoned Country- Mixed Use. Water and sewer infrastructure from the Four Corners Water & Sewer District is nearby. Annexation and connection to public utilities may be pursued, subject to buyer verification of availability, costs, timelines, zoning, permitted uses, and applicable requirements. No HOA or covenants are reported.
The 0.22-acre parcel is located one block from Highway 191 in the Four Corners area and is zoned Country- Mixed Use. Water and sewer infrastructure from the Four Corners Water & Sewer District is nearby. Annexation and connection to public utilities may be pursued, subject to buyer verification of availability, costs, timelines, zoning, permitted uses, and applicable requirements. No HOA or covenants are reported.
Key Highlights
- 0.22‑acre parcel zoned Country- Mixed Use
- 672 SF residence built in 1962
- Attached 2‑car garage and attached shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,885
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,700
$197.7K
Cap Rate 7%
$141,214
$141.2K
Cap Rate 9%
$109,833
$109.8K
Market Conditions
NOI Build-Up for 672 SF
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.
Gross rent
$14.1K $21.00/SF
− Vacancy
−$931 −$1.39/SF
EGI
$13.2K $19.61/SF
− OpEx
−$3.3K −$4.90/SF
NOI
$9.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,700
Cap Rate 7%
$141,214
Cap Rate 9%
$109,833
Alternative Uses
Best Use
Office B
$141.2K
$123.6K – $164.8K
NOI $9,885 @ 7.0% cap · market cap 3.09%
Second Best
Mixed Use
$132.0K
$115.5K – $154.1K
NOI $9,243 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$175.5K
$153.5K – $204.7K
NOI $12,283 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 59718, MT
43,831
Population
19,765
Households
2.2
Avg Household Size
33
Median Age
57%
College-Educated
97%
High-School Grad
164.5 sq mi
ZIP Area
266
Density / Sq Mi
$91,852
Median Household Income
$44,915
Median Earnings
$1,748
Median Rent
$579,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible mixed-use site with an existing residence, workshop space, private well, and convenient access near Highway 191.
Where is this mixed-use property located?
The property is located at 13 Central Bozeman, MT.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 0.22‑acre parcel zoned Country- Mixed Use; 672 SF residence built in 1962; Attached 2‑car garage and attached shop
