Three-Story Office
New
For Sale
$1,900,000
1315 E Main Street, Bozeman, MT 59715
CommercialSale, Bozeman, MT
Property Size5,616 SF
Lot Size0.26 Acres
Price / SF$338.32
Days on Market3
Property Features for 1315 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Zoning description
B2
Subdivision
Northern Pacific Addition
Directions
From 1-90 property is located on right. Main St to Highland, property on left at intersection.
Standard status
Active
APN
RGH5678
Size
5,616 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTHERN PACIFIC ADD, S08, T02 S, R06 E, BLOCK 25, PT LOTS 2-4 & LOTS 19-21 PLUS VAC ALLEY COS 610
Tax Annual Amount
1084
Legal Description
NORTHERN PACIFIC ADD, S08, T02 S, R06 E, BLOCK 25, PT LOTS 2-4 & LOTS 19-21 PLUS VAC ALLEY COS 610
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
fireplace
covered deck
central air conditioning
high ceilings
conference room
kitchen
patio
Building Details
Year built
1938
Listing Agency:
Berkshire Hathaway - Bozeman · Berkshire Hathaway HomeServices
(406) 586-7676
Listed By:
Britney White · License #RBS-72073
(406) 539-2432
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 12:06AM
MLS# 414571
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 5,616-square-foot office building occupies 0.2628 acres and is arranged across three levels with separate office areas. The main floor includes four offices, a conference room, kitchen, half bath, lobby fireplace, and a covered deck with handicap access. The lower level adds three offices, a conference or office area, kitchenette, two half bathrooms, and a walk-out concrete patio. Eight additional office spaces are located upstairs, including two with Bridger mountain views. High ceilings are featured throughout the main floor, while central air conditioning and forced-air heating support year-round use.
The property is located on East Main Street in Bozeman, with stated proximity to I-90, downtown Bozeman, and Bozeman Deaconess Hospital. B2 zoning is identified for a community business district that may accommodate retail, restaurant, medical office, and other service-oriented uses. A gravel parking lot serves the building, and public water and sewer are provided.
The property is located on East Main Street in Bozeman, with stated proximity to I-90, downtown Bozeman, and Bozeman Deaconess Hospital. B2 zoning is identified for a community business district that may accommodate retail, restaurant, medical office, and other service-oriented uses. A gravel parking lot serves the building, and public water and sewer are provided.
Key Highlights
- 5,616 square feet on a 0.2628‑acre lot
- Three‑level layout with 15 office spaces
- B2 zoning for a community business district
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
$82,614
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
4.35%
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%
$1,652,280
$1.7M
Cap Rate 7%
$1,180,200
$1.2M
Cap Rate 9%
$917,933
$917.9K
Market Conditions
NOI Build-Up for 5,616 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
$117.9K $21.00/SF
− Vacancy
−$7.8K −$1.39/SF
EGI
$110.2K $19.61/SF
− OpEx
−$27.5K −$4.90/SF
NOI
$82.6K $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%
$1,652,280
Cap Rate 7%
$1,180,200
Cap Rate 9%
$917,933
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,614 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,651 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
531
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - B2-zoned property with multiple private offices, conference areas, public utilities, and flexible commercial configuration.
Where is this office building located?
The property is located at 1315 E Main Street Bozeman, MT.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 5,616 square feet on a 0.2628‑acre lot; Three‑level layout with 15 office spaces; B2 zoning for a community business district
