Six-Office Professional
New
For Sale
$950,000
1940 W Dickerson Street 102, Bozeman, MT 59718
Reception space, a kitchenette, and shared parking support day-to-day office operations.
Property Size2,959 SF
Price / SF$321.05
Days on Market2
Property Features for 1940 W Dickerson Street 102
General Information
Standard status
Active
Size
2,959 SF
Building Details
Owner Occupied
No
Listing Agency:
Starner Commercial Real Estate
(406) 586-0302
Listed By:
Lauren John · License #RBS-52525
(406) 600-2927
Source:
Montanarootsrealty
Added: Oct 19
Last Checked: Oct 19 at 2:40PM
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.
Located within Dickerson Professional Center, this 2,959-square-foot office suite includes six private offices, a reception area, a kitchenette, and a half bath. Natural light reaches throughout the space, which is available for immediate occupancy.
The suite is at 1940 W Dickerson Street in Bozeman, just off S. 19th and near the city’s busiest commercial corridor. Shared parking serves the center.
The suite is at 1940 W Dickerson Street in Bozeman, just off S. 19th and near the city’s busiest commercial corridor. Shared parking serves the center.
Key Highlights
- 2,959‑square‑foot office suite
- Six private offices, reception area, kitchenette, and half bath
- Located in Dickerson Professional Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,528
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,560
$870.6K
Cap Rate 7%
$621,829
$621.8K
Cap Rate 9%
$483,644
$483.6K
Market Conditions
NOI Build-Up for 2,959 SF
Gross rent
$62.1K $21.00/SF
− Vacancy
−$4.1K −$1.39/SF
EGI
$58.0K $19.61/SF
− OpEx
−$14.5K −$4.90/SF
NOI
$43.5K $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%
$870,560
Cap Rate 7%
$621,829
Cap Rate 9%
$483,644
Alternative Uses
Best Use
Office B
$621.8K
$544.1K – $725.5K
NOI $43,528 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$772.7K
$676.1K – $901.4K
NOI $54,086 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,267
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 unit - Reception space, a kitchenette, and shared parking support day-to-day office operations.
Where is this office unit located?
The property is located at 1940 W Dickerson Street 102 Bozeman, MT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,959‑square‑foot office suite; Six private offices, reception area, kitchenette, and half bath; Located in Dickerson Professional Center
