Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Warehouse/Office Building with Flexible Space Title is generated by Realmo AI

    2134 Industrial Dr, Bozeman, MT 59715

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile warehouse and office space with ample parking.

    Type:Industrial
    Property size:
    9,728 SF
    Lot size:
    0.70 Acres
    Price / SF:
    $254/SF
    Added:
    Mar 3, 2026
    Days on Market:
    71
    Last Refresh:
    Mar 16 at 2:01 pm

    Property Features for 2134 Industrial Dr

    General Information

    Standard status
    Active
    Size
    9,728 SF
    Lot size
    0.70 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Tom Starner
    Tom Starner

    Listing agent Tom Starner License #RRE-BRO-LIC-12265

    Listing office Starner Commercial Real Estate

    Listing date Mar 3, 2026

    Source Crexi

    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

    HighLights

    • ~6,000 SF of warehouse space with high ceilings, grade‑level overhead door, and loading dock.
    • ~4,000 SF of total office space with showrooms, multiple offices, conference rooms, and kitchenettes.
    • Located just off Griffin Drive in the Bozeman Industrial Park.
    • .7 acre lot allows for extra truck parking and yard space.
    • Building can be easily demised into multiple units.
    • Multiple man doors for convenient access.

    Overview

    This large warehouse and office building is situated in a convenient location just off Griffin Drive. The main level features approximately 6,000 square feet of primarily open warehouse space with high ceilings, a grade-level overhead door, a loading dock, and several man doors. Additionally, the main level includes around 2,000 square feet of office space, comprising a showroom area, three offices, a conference room, and a kitchenette. The second floor offers an additional 2,000 square feet of office space, featuring six offices, a conference room, and a kitchenette. The building's layout, entrances, and restrooms allow for easy division into multiple configurations beyond a single end-user. Located in the Bozeman Industrial Park, this industrial and office building provides flexible warehouse space, offices, dock access, and ample truck and yard parking on a 0.7-acre lot. The lot size allows for extra space for truck parking and yard space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Healthsource Business Management Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ryan La Foley-Private Chef Inc — 505 Bond St, Bozeman, MT 59715
    • J Lake Chef — 614 W Griffin Dr Suite B, Bozeman, MT 59715

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.0332074
    Latitude
    45.7020274

    Nearby Similar for Sale

    • $1,200,000

      Commercial Opportunity in Bozeman, MT

      Prime commercial property in Bozeman's thriving Valley Commons area.
      3930 Valley Commons, Bozeman, MT 59718
      View Details
    • $2,950,000
      8,706 SF

      High-Traffic Bozeman Commercial Redevelopment

      Redevelopment opportunity in high-traffic Bozeman location near Gallatin Valley Mall.
      3100 W Main Street, Bozeman, MT 59718
      View Details
    • $898,500
      2,797 SF

      Versatile Live-Work Space in Bozeman

      2,797 sq ft live-work space with shop and living area.
      2607 Fremont Street, Bozeman, MT 59718
      View Details
    • $799,000
      1,195 SF

      Bozeman Land with Heated Shop

      Southside property with shop, updated mobile home, and RV dump.
      7340 Fowler Lane, Bozeman, MT 59718
      View Details
    • $859,555
      2,671 SF

      Versatile Commercial Space with Flex Plan

      Mixed-use property with commercial space and flexible upper level.
      2605 Fremont Street, Bozeman, MT 59718
      View Details
    • $69,000
      1,278 SF

      Turnkey Salon Business Opportunity

      Established salon business with full services and growth potential.
      620 E Cottonwood, Bozeman, MT 59715
      View Details
    • $849,000

      Versatile Bozeman Property Near MSU

      Spacious property near Montana State University with flexible living options.
      1302 S 3rd, Bozeman, MT 59715
      View Details
    • $849,000

      Bozeman Duplex Near MSU

      Versatile duplex near Montana State University with flexible living options.
      1302 S 3rd, Bozeman, MT 59715
      View Details
    • $958,000

      Custom Duplex Near Downtown Bozeman

      Thoughtfully designed duplex in a prime Northeast Bozeman location.
      17/19 E Aspen Street, Bozeman, MT 59715
      View Details
    • $2,300,000
      1,469 SF

      Bozeman Acreage with Water Features

      33+ acres near Bozeman with residential and land-use possibilities.
      3 Mallard Lane, Bozeman, MT 59718
      View Details
    • $1,575,000

      Bozeman Fourplex Investment Opportunity

      Well-maintained fourplex in a desirable Bozeman location, fully leased.
      2401 Daws Drive, Bozeman, MT 59718
      View Details
    • $1,175,000

      Bozeman Multifamily Investment Opportunity

      Southside property near MSU with strong income potential.
      517 S 13th Avenue, Bozeman, MT 59715
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile warehouse and office space with ample parking.
    Where is this flex space located?
    The property is located at 2134 Industrial Dr Bozeman, MT.
    What is the asking price?
    The asking price for this property is $2,475,000.
    What are key features of this property?
    This property features: ~6,000 SF of warehouse space with **high ceilings, grade‑level overhead door, and loading dock.**; ~4,000 SF of total office space with showrooms, multiple offices, conference rooms, and kitchenettes.; Located just off Griffin Drive in the Bozeman Industrial Park.
    (406) 539-0717 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tom Starner
    Tom Starner
    Real Estate License ID: RRE-BRO-LIC-12265
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2134 Industrial Dr, Bozeman, MT 59715
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!