Two-Suite Lab and Office
For Sale
$1,865,000
1805 S 22ND Avenue, Bozeman, MT 59718
Flexible office and laboratory property with private offices, open work areas, and specialized lab infrastructure.
Property Size7,853 SF
Price / SF$237.49
Days on Market53
Property Features for 1805 S 22ND Avenue
General Information
Standard status
Active
Size
7,853 SF
Property subtype
Commercial
Zoning
BP
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$20,940
Building Details
Building Size
7,853 SF
Year Built
2007
Buildings
1
Listing Agency:
Windermere Great Divide-Bozeman
(406) 995-2404
Listed By:
Ashley Keller
(406) 407-2520
Source:
Outlaw
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 19 at 3:40AM
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 Windermere Great Divide-Bozeman
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Investment Insights
Based on property information with market context.
This 7,853-square-foot office property combines two condominium suites within a single building. The 5,692-square-foot first suite includes six private offices, a conference room, breakroom, two large restrooms, and laboratory space. Eight lab rooms feature steel sinks, while eyewash stations and emergency showers support the specialized layout. The lab breakroom includes washer/dryer hookups and a three-basin steel sink, and each lab area has individual climate control.
The 2,161-square-foot second suite provides two open bullpen areas, three private offices, and two restrooms. The building was constructed in 2007 and is zoned BP. With no load-bearing walls and a crawl space, the existing configuration offers flexibility for remodeling. The property is suited to laboratory, professional office, or medical office use as supported by its existing improvements.
The 2,161-square-foot second suite provides two open bullpen areas, three private offices, and two restrooms. The building was constructed in 2007 and is zoned BP. With no load-bearing walls and a crawl space, the existing configuration offers flexibility for remodeling. The property is suited to laboratory, professional office, or medical office use as supported by its existing improvements.
Key Highlights
- 7,853 SF building comprising two condominium suites
- 5,692 SF suite with six private offices, conference room, breakroom, and lab space
- Eight lab rooms equipped with steel sinks, eyewash stations, and emergency showers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,522
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,440
$2.3M
Cap Rate 7%
$1,650,314
$1.7M
Cap Rate 9%
$1,283,578
$1.3M
Market Conditions
NOI Build-Up for 7,853 SF
Gross rent
$164.9K $21.00/SF
− Vacancy
−$10.9K −$1.39/SF
EGI
$154.0K $19.61/SF
− OpEx
−$38.5K −$4.90/SF
NOI
$115.5K $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%
$2,310,440
Cap Rate 7%
$1,650,314
Cap Rate 9%
$1,283,578
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.93M
NOI $115,522 @ 7.0% cap · market cap 6.19%
Second Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,192 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,540 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office and laboratory property with private offices, open work areas, and specialized lab infrastructure.
Where is this office unit located?
The property is located at 1805 S 22ND Avenue Bozeman, MT.
What is the asking price?
The asking price for this property is $1,865,000.
What are key features of this property?
This property features: 7,853 SF building comprising two condominium suites; 5,692 SF suite with six private offices, conference room, breakroom, and lab space; Eight lab rooms equipped with steel sinks, eyewash stations, and emergency showers
