Multi-Suite Office
1925 N 22nd Avenue, Bozeman, MT 59718
For Sale
$4,250,000
CommercialSale, Bozeman, MT
Property Size9,990 SF
Price / SF$425.43
Days on Market9
Property Features for 1925 N 22nd Avenue
General Information
Property type
Property subtype
Zoning description
Directions
Subdivision
Standard status
APN
Size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Listing Agency:
Starner Commercial Real Estate
(406) 586-0302
Listed By:
Tom Starner · License #BRO-12265
(406) 539-0717
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 7 at 1:06PM
MLS# 415657
Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,990-square-foot office building, completed in 2002, has a fully leased first floor and two unoccupied office suites upstairs. The second-floor layout provides a separate area within the building alongside the existing ground-floor tenancy.
The property is located in an office park and shares a common parking lot with other occupants.
The property is located in an office park and shares a common parking lot with other occupants.
Key Highlights
- 9,990‑square‑foot office building completed in 2002
- First floor 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two vacant second-floor suites sit above a fully leased first floor.
Where is this office building located?
The property is located at 1925 N 22nd Avenue 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 is fully leased; Two vacant office suites occupy the second floor
