Top-Floor Office
New
For Sale
$912,800
1648 Ellis Street 302, Bozeman, MT 59715
Top-floor office condo with four windowed private offices, waiting and reception areas, kitchenette, and attic bonus space.
Property Size2,608 SF
Price / SF$350
Days on Market4
Property Features for 1648 Ellis Street 302
General Information
Standard status
Active
Size
2,608 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
Top Floor
Highway Access
Yes
Building Details
Building Size
2,608 SF
Year Built
2004
Listing Agency:
Montana Territorial Land Co
(406) 686-1020
Listed By:
Graham Miles
(406) 686-1020
Source:
Outlaw
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 11:16AM
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 Montana Territorial Land Co
Investment Insights
Based on property information with market context.
Top-floor office condo in the Northern Rockies Professional Center featuring four large private offices, each with windows offering unobstructed views of the Gallatin Range and foothills. The suite also includes a waiting room, reception area, kitchenette, and ample storage. Additional flexible space is available in an attic area. The common areas are well maintained and include shared bathrooms, an elevator, and good parking.
The building is positioned for convenient access to Downtown Bozeman, Main Street, I-90, Bozeman Health, and MSU, supporting professional and medical office use.
Built in 2004 and measuring 2,608 square feet, this second-floor-to-top-floor configuration can work well for an owner-occupant looking for dedicated office layout plus added attic flexibility, or for an investor seeking a stable, well-located office condominium.
The building is positioned for convenient access to Downtown Bozeman, Main Street, I-90, Bozeman Health, and MSU, supporting professional and medical office use.
Built in 2004 and measuring 2,608 square feet, this second-floor-to-top-floor configuration can work well for an owner-occupant looking for dedicated office layout plus added attic flexibility, or for an investor seeking a stable, well-located office condominium.
Key Highlights
- 2,608 SF top‑floor office condo in Northern Rockies Professional Center
- Four large private offices with windows and unobstructed Gallatin Range views
- Includes waiting room, reception area, kitchenette, and ample storage
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 | $54.8k | $21.00 |
| − Vacancy | −$3.6k | −$1.39 |
| EGI | $51.2k | $19.61 |
| − OpEx | −$12.8k | −$4.90 |
| NOI | $38.4k | $14.71 |
2,608 SF · lease $21.00/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$548.1K
$479.6K – $639.4K
NOI $38,365 @ 7.0% cap · market cap 4.20%
Second Best
Healthcare Medical
$418.4K
$366.1K – $488.2K
NOI $29,289 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$681.0K
$595.9K – $794.5K
NOI $47,670 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
821
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 units - Top-floor office condo with four windowed private offices, waiting and reception areas, kitchenette, and attic bonus space.
Where is this office units located?
The property is located at 1648 Ellis Street 302 Bozeman, MT.
What is the asking price?
The asking price for this property is $912,800.
What are key features of this property?
This property features: 2,608 SF top‑floor office condo in Northern Rockies Professional Center; Four large private offices with windows and unobstructed Gallatin Range views; Includes waiting room, reception area, kitchenette, and ample storage
