Office Unit with Laboratory
For Sale
$1,350,000
1805 S 22ND Avenue F1, Bozeman, MT 59718
Configured for professional, medical, or laboratory operations with private offices, specialized lab infrastructure, and individual climate control.
Property Size5,692 SF
Price / SF$237.17
Days on Market50
Property Features for 1805 S 22ND Avenue F1
General Information
Standard status
Active
Size
5,692 SF
Property subtype
Commercial
Zoning
BP
Taxes and HOA fees
Annual Taxes
$14,492
Building Details
Building Size
5,692 SF
Year Built
2007
Listing Agency:
Clearwater Montana Properties
(406) 995-2404
Listed By:
EJ Daws
(406) 589-6247
Source:
Outlaw
Added: Sep 5
Changed: Oct 15
Last Checked: Oct 23 at 6:01AM
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 Clearwater Montana Properties
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Investment Insights
Based on property information with market context.
This 5,692-square-foot office unit, built in 2007, combines conventional office facilities with dedicated laboratory space. The office portion includes six private offices, a conference room, a breakroom, and two restrooms. Flooring includes carpet, composite tile, and ceramic tile, with acoustic tile ceilings and finished drywall walls.
The laboratory area contains 12 rooms of varying sizes, built-in cabinetry, countertops, and a separate breakroom with washer/dryer hookups and a three-basin steel sink. Eight lab rooms have steel sinks, while eyewash stations and emergency shower stations are distributed throughout the lab area. Individual climate control serves the lab rooms, supporting laboratory, professional office, or medical office use.
The laboratory area contains 12 rooms of varying sizes, built-in cabinetry, countertops, and a separate breakroom with washer/dryer hookups and a three-basin steel sink. Eight lab rooms have steel sinks, while eyewash stations and emergency shower stations are distributed throughout the lab area. Individual climate control serves the lab rooms, supporting laboratory, professional office, or medical office use.
Key Highlights
- 5,692‑square‑foot office and laboratory unit
- Office area includes 6 private offices, conference room, breakroom, and 2 restrooms
- 12 lab rooms with built‑in cabinetry and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,732
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,674,640
$1.7M
Cap Rate 7%
$1,196,171
$1.2M
Cap Rate 9%
$930,356
$930.4K
Market Conditions
NOI Build-Up for 5,692 SF
Gross rent
$119.5K $21.00/SF
− Vacancy
−$7.9K −$1.39/SF
EGI
$111.6K $19.61/SF
− OpEx
−$27.9K −$4.90/SF
NOI
$83.7K $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%
$1,674,640
Cap Rate 7%
$1,196,171
Cap Rate 9%
$930,356
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,732 @ 7.0% cap · market cap 6.20%
Second Best
Healthcare Medical
$913.2K
$799.1K – $1.07M
NOI $63,924 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,041 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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 - Configured for professional, medical, or laboratory operations with private offices, specialized lab infrastructure, and individual climate control.
Where is this office unit located?
The property is located at 1805 S 22ND Avenue F1 Bozeman, MT.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5,692‑square‑foot office and laboratory unit; Office area includes 6 private offices, conference room, breakroom, and 2 restrooms; 12 lab rooms with built‑in cabinetry and countertops
