Multi-Office Professional
For Sale
$950,000
1940 W Dickerson St Unit 102, Bozeman, MT 59718
A reception area, kitchenette, and half bath complement the suite’s private-office layout.
Property Size2,959 SF
Price / SF$321.05
Days on Market14
Property Features for 1940 W Dickerson St Unit 102
General Information
Standard status
Active
Size
2,959 SF
Property subtype
Commercial
Amenities
reception area
kitchenette
half bath
natural light
Building Details
Year Built
2005
Listing Agency:
Starner Commercial Real Estate
Listed By:
Lauren John · License #RBS-52525
(406) 600-2927
Source:
Bozemanbigskyproperties
Added: Sep 26
Changed: Oct 1
Last Checked: Oct 7 at 1:03PM
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
Investment Insights
Based on property information with market context.
Located in 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 the interior, and the building dates to 2005. The space is available for immediate occupancy.
The property is at 1940 W Dickerson St, Unit 102, in Bozeman, just off S. 19th. Shared parking serves the center.
The property is at 1940 W Dickerson St, Unit 102, in Bozeman, just off S. 19th. Shared parking serves the center.
Key Highlights
- 2,959± square feet in Dickerson Professional Center
- Six private offices, a reception area, kitchenette, and half bath
- Natural light throughout the suite
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.
Property Analytics
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - A reception area, kitchenette, and half bath complement the suite’s private-office layout.
Where is this office units located?
The property is located at 1940 W Dickerson St Unit 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 feet in Dickerson Professional Center; Six private offices, a reception area, kitchenette, and half bath; Natural light throughout the suite
