Mixed-Use Commercial
For Sale
$1,690,000
19 N 10th Avenue, Bozeman, MT 59715
Approximately 4,000 square feet of flexible commercial space within the B-2M mixed-use district.
Property Size3,952 SF
Price / SF$427.63
Days on Market416
Property Features for 19 N 10th Avenue
General Information
Standard status
Active
Size
3,952 SF
Property subtype
Commercial
Zoning
B2M
Taxes and HOA fees
Annual Taxes
$10,254
Building Details
Building Size
3,952 SF
Year Built
1976
Buildings
1
Listing Agency:
Century 21 Heritage Realty
(406) 995-2404
Listed By:
Michael Pitcairn
(406) 539-6060
Source:
Outlaw
Added: Aug 26, 2025
Changed: Oct 13
Last Checked: Oct 14 at 9:07PM
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 Century 21 Heritage Realty
Investment Insights
Based on property information with market context.
Built in 1976, this commercial building at 19 N 10th Avenue provides approximately 4,000 square feet for retail, office, or mixed-use occupancy. The property is positioned about half a block from Main Street and within walking distance of downtown Bozeman shops, dining, and other amenities. Its configuration supports a range of commercial applications within an established downtown setting.
The B-2M Community Business District – Mixed designation accommodates retail, office, and service uses, with multifamily housing encouraged as a secondary use. District standards allow non-residential or mixed-use buildings up to 5 stories or 60 feet, whichever is less; residential-only buildings may reach 4 stories or 50 feet, whichever is less. Parking standards call for 2 spaces per 2,000 square feet of commercial gross floor area and 1 space per residential unit.
The B-2M Community Business District – Mixed designation accommodates retail, office, and service uses, with multifamily housing encouraged as a secondary use. District standards allow non-residential or mixed-use buildings up to 5 stories or 60 feet, whichever is less; residential-only buildings may reach 4 stories or 50 feet, whichever is less. Parking standards call for 2 spaces per 2,000 square feet of commercial gross floor area and 1 space per residential unit.
Key Highlights
- Approximately 4,000 square feet of commercial space
- B‑2M Community Business District – Mixed zoning
- About half a block from Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,136
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,720
$1.2M
Cap Rate 7%
$830,514
$830.5K
Cap Rate 9%
$645,956
$646.0K
Market Conditions
NOI Build-Up for 3,952 SF
Gross rent
$83.0K $21.00/SF
− Vacancy
−$5.5K −$1.39/SF
EGI
$77.5K $19.61/SF
− OpEx
−$19.4K −$4.90/SF
NOI
$58.1K $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%
$1,162,720
Cap Rate 7%
$830,514
Cap Rate 9%
$645,956
Alternative Uses
Best Use
Office B
$830.5K
$726.7K – $968.9K
NOI $58,136 @ 7.0% cap · market cap 3.44%
Second Best
Mixed Use
$776.6K
$679.5K – $906.0K
NOI $54,360 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.03M
$903.0K – $1.20M
NOI $72,236 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,629
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Approximately 4,000 square feet of flexible commercial space within the B-2M mixed-use district.
Where is this mixed-use property located?
The property is located at 19 N 10th Avenue Bozeman, MT.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Approximately 4,000 square feet of commercial space; B‑2M Community Business District – Mixed zoning; About half a block from Main Street
