Top-Floor Office
New
For Sale
$912,800
1648 Ellis Street Unit 302, Bozeman, MT 59715
Top-floor office condo with four windowed private offices, waiting/reception area, and bonus attic space.
Property Size2,608 SF
Price / SF$350
Days on Market3
Property Features for 1648 Ellis Street Unit 302
General Information
Standard status
Active
Size
2,608 SF
Elevators
Yes
Additional Details
Floor
Top Floor
Highway Access
Yes
Office Units
1
Building Details
Building Size
2,608 SF
Year Built
2004
Owner Occupied
No
Listing Agency:
McKenna Adams Commercial
(406) 581-7562
Listed By:
Katie Adams · License #RRE-BRO-LIC-56423
Source:
Purewestrealestate
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 6:27PM
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 McKenna Adams Commercial
Investment Insights
Based on property information with market context.
Located on the top floor of the Northern Rockies Professional Center, this well-maintained office condo includes four large private offices, each with windows, plus a waiting room, reception area, kitchenette, and ample storage. Additional flexibility is provided by bonus square footage in an attic space.
The common areas are maintained and include bathrooms and an elevator, with good parking available on site. The building offers convenient access to Downtown Bozeman, Main Street, I-90, Bozeman Health, and MSU, supporting a variety of professional and medical uses.
Built in 2004, the property is an owner-occupant or investor-focused option with a compact, office-forward layout and room to adapt the attic space for additional needs.
The common areas are maintained and include bathrooms and an elevator, with good parking available on site. The building offers convenient access to Downtown Bozeman, Main Street, I-90, Bozeman Health, and MSU, supporting a variety of professional and medical uses.
Built in 2004, the property is an owner-occupant or investor-focused option with a compact, office-forward layout and room to adapt the attic space for additional needs.
Key Highlights
- Top‑floor office condo in Northern Rockies Professional Center
- Four large private offices with windows
- 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
1
Office units
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
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Frequently Asked Questions
What type of property is this?
Office units - Top-floor office condo with four windowed private offices, waiting/reception area, and bonus attic space.
Where is this office units located?
The property is located at 1648 Ellis Street Unit 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: Top‑floor office condo in Northern Rockies Professional Center; Four large private offices with windows; Waiting room, reception area, kitchenette, and ample storage
