Office Condo With Three
For Sale
$295,000
18-2123 Durston Rd, Bozeman, MT 59718
Includes a reception area, storage room, and bath alongside three offices.
Property Size801 SF
Price / SF$368.29
Days on Market260
Property Features for 18-2123 Durston Rd
General Information
Standard status
Active
Size
801 SF
Taxes and HOA fees
Annual Taxes
$2,641
Building Details
Tenancy
Single
Listing Agency:
RE/MAX Legacy
(406) 586-3092
Listed By:
Laurita Green · License #BRO-6654
(406) 579-5076
Source:
Exprealty
Added: Jan 19
Changed: Sep 11
Last Checked: Oct 5 at 7:02PM
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 RE/MAX Legacy
Investment Insights
Based on property information with market context.
This 801-square-foot office condominium is arranged with three offices, a reception area, a storage room, and a bath. The configuration provides defined rooms for office operations within a compact commercial unit.
The property is occupied by a tenant under a lease scheduled to expire October 31, 2027. Management is provided by Platinum Property Managemant Company. Located at 18-2123 Durston Rd in Bozeman, Montana, the unit offers a straightforward office layout with an existing tenancy in place.
The property is occupied by a tenant under a lease scheduled to expire October 31, 2027. Management is provided by Platinum Property Managemant Company. Located at 18-2123 Durston Rd in Bozeman, Montana, the unit offers a straightforward office layout with an existing tenancy in place.
Key Highlights
- 801‑square‑foot office condo
- Three offices with reception area, storage room, and bath
- Existing tenant in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,783
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,660
$235.7K
Cap Rate 7%
$168,329
$168.3K
Cap Rate 9%
$130,922
$130.9K
Market Conditions
NOI Build-Up for 801 SF
Gross rent
$16.8K $21.00/SF
− Vacancy
−$1.1K −$1.39/SF
EGI
$15.7K $19.61/SF
− OpEx
−$3.9K −$4.90/SF
NOI
$11.8K $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%
$235,660
Cap Rate 7%
$168,329
Cap Rate 9%
$130,922
Alternative Uses
Best Use
Office B
$168.3K
$147.3K – $196.4K
NOI $11,783 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$209.2K
$183.0K – $244.0K
NOI $14,641 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
92
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
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Frequently Asked Questions
What type of property is this?
Office units - Includes a reception area, storage room, and bath alongside three offices.
Where is this office units located?
The property is located at 18-2123 Durston Rd Bozeman, MT.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 801‑square‑foot office condo; Three offices with reception area, storage room, and bath; Existing tenant in place
