Office Unit with Private
For Sale
$518,500
1805 S 22ND Avenue F2, Bozeman, MT 59718
BP-zoned commercial space with two bullpen areas, three enclosed offices, and two restrooms.
Property Size2,161 SF
Price / SF$239.94
Days on Market48
Property Features for 1805 S 22ND Avenue F2
General Information
Standard status
Active
Size
2,161 SF
Property subtype
Commercial
Zoning
BP
Taxes and HOA fees
Annual Taxes
$6,457
Building Details
Building Size
2,161 SF
Listing Agency:
Swan Land Company
(406) 995-2404
Listed By:
Ethan Stokes
(406) 579-1989
Source:
Outlaw
Added: Sep 5
Changed: Oct 10
Last Checked: Oct 20 at 5:54PM
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 Swan Land Company
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Investment Insights
Based on property information with market context.
This 2,161-square-foot office unit at 1805 S 22ND Avenue F2 includes a practical mix of open and enclosed workspace. The layout provides two bullpen areas, three private offices, and two restrooms, each equipped with one toilet and one sink. The space was previously occupied by the Internal Revenue Service.
Interior finishes include carpet tile and tile flooring, finished drywall walls, and acoustic tile ceilings. The property carries BP zoning and is offered for sale as an office unit within a commercial setting.
Interior finishes include carpet tile and tile flooring, finished drywall walls, and acoustic tile ceilings. The property carries BP zoning and is offered for sale as an office unit within a commercial setting.
Key Highlights
- 2,161‑square‑foot office unit
- Two open bullpen areas and three private offices
- Two restrooms, each with one toilet and one sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,789
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,780
$635.8K
Cap Rate 7%
$454,129
$454.1K
Cap Rate 9%
$353,211
$353.2K
Market Conditions
NOI Build-Up for 2,161 SF
Gross rent
$45.4K $21.00/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$42.4K $19.61/SF
− OpEx
−$10.6K −$4.90/SF
NOI
$31.8K $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%
$635,780
Cap Rate 7%
$454,129
Cap Rate 9%
$353,211
Alternative Uses
Best Use
Office B
$454.1K
$397.4K – $529.8K
NOI $31,789 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.3K
$493.8K – $658.3K
NOI $39,500 @ 7.0% cap · market cap 7.62%
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 - BP-zoned commercial space with two bullpen areas, three enclosed offices, and two restrooms.
Where is this office unit located?
The property is located at 1805 S 22ND Avenue F2 Bozeman, MT.
What is the asking price?
The asking price for this property is $518,500.
What are key features of this property?
This property features: 2,161‑square‑foot office unit; Two open bullpen areas and three private offices; Two restrooms, each with one toilet and one sink
