Multi-Suite Office
1925 N 22nd Ave, Bozeman, MT 59718
For Sale
$4,250,000
The ground floor is leased, while two vacant upper-level suites provide options for occupancy or leasing.
Property Size9,990 SF
Price / SF$425.43
Days on Market17
Property Features for 1925 N 22nd Ave
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Property Use
Building Details
Year Built
Listing Agency:
Starner Commercial Real Estate
Listed By:
Tom Starner · License #BRO-12265
(406) 539-0717
Source:
Bozemanbigskyproperties
Added: Oct 24
Changed: Nov 6
Last Checked: Nov 8 at 6:57AM
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 Starner Commercial Real Estate
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Investment Insights
Based on property information with market context.
Built in 2002, this 9,990-square-foot office building has a fully leased first floor and two vacant office suites on the second floor. The layout supports continued leasing across the property or occupancy of part of the building while leasing the remaining space.
The property is situated in an office park with a shared parking lot. Convenient access and visibility from N. 19th are noted.
The property is situated in an office park with a shared parking lot. Convenient access and visibility from N. 19th are noted.
Key Highlights
- 9,990‑square‑foot office building completed in 2002
- First‑floor space is fully leased
- Two vacant office suites occupy the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,958
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,939,160
$2.9M
Cap Rate 7%
$2,099,400
$2.1M
Cap Rate 9%
$1,632,867
$1.6M
Market Conditions
NOI Build-Up for 9,990 SF
Gross rent
$209.8K $21.00/SF
− Vacancy
−$13.8K −$1.39/SF
EGI
$195.9K $19.61/SF
− OpEx
−$49.0K −$4.90/SF
NOI
$147.0K $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%
$2,939,160
Cap Rate 7%
$2,099,400
Cap Rate 9%
$1,632,867
Alternative Uses
Best Use
Office B
$2.10M
$1.84M – $2.45M
NOI $146,958 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,601 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
965
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The ground floor is leased, while two vacant upper-level suites provide options for occupancy or leasing.
Where is this office building located?
The property is located at 1925 N 22nd Ave Bozeman, MT.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 9,990‑square‑foot office building completed in 2002; First‑floor space is fully leased; Two vacant office suites occupy the second floor
