2005 Gilkerson, Bozeman, MT 59715
Remodeled 1978 office building with four of five spaces leased, anchored by the Montana Driver License Bureau.
- Added:
- Jan 16, 2026
- Days on Market:
- 173
- Last Refresh:
- Jul 8 at 4:43 am
Property Features for 2005 Gilkerson
General Information
- Standard status
- Active
- Size
- 9,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing office Berkshire Hathaway - Bozeman (406) 407-2520
Listing date Jan 16, 2026
Source Outlaw
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 Berkshire Hathaway - Bozeman
HighLights
- Built in 1978 and remodeled office building in a business park area
- 4 of 5 building spaces currently leased
- Anchor tenant: Montana Driver License Bureau (State of Montana Driver License Bureau)
- Additional tenants include a Jazzercize gym and a spa/massage center
- Remodeled and well‑maintained
Overview
The building is located in a business park area and is conveniently situated just off the interstate, supporting straightforward access for employees, clients, and service-driven operations. The landlord currently benefits from existing tenancy across multiple space types, rather than a single-tenant setup.
For buyers, the current occupancy profile provides a starting point of stabilized, in-place leasing with a blend of office and service-oriented uses. For prospective tenants, the property’s existing configuration and tenant mix may align well with organizations seeking an established location within a business park setting. Because four spaces are leased at the time of listing, available opportunities will depend on the remaining space(s), which may be suitable for a user looking to join a mixed office and wellness-oriented tenant roster.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $199.5k | $21.00 |
| − Vacancy | −$13.2k | −$1.39 |
| EGI | $186.3k | $19.61 |
| − OpEx | −$46.6k | −$4.90 |
| NOI | $139.7k | $14.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bozeman
- County
- Gallatin
- State
- Montana
- Longitude
- -111.0433031
- Latitude
- 45.698461
