Building Details

Year built 2005

Listing Agency: RE/MAX Legacy s***@gmail.com Show Phone

Listed By: Laurita Green · License #BRO-6654 Show Phone

Added: Nov 20, 2025 Changed: Sep 6 Last Checked: Oct 7 at 8:06AM

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MLS# 407268

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.

Investment Insights

Based on property information with market context.

Located at 2137 Durston in Bozeman, this 970-square-foot office condominium was built in 2005 and provides a defined professional layout. The suite includes four offices, a large reception area, a kitchen, and a private bath, supporting a range of office operations within a compact footprint.

The property is served by public water and public sewer, with natural gas and forced-air heating. Its current lease runs through October 2027, and property management is provided by Platinum Property Managemant Company.

Key Highlights

• 970 square feet of office condominium space
• Four offices with a large reception area
• Kitchen and private bath included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,269

Cap Rate

3.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$285,380 $285.4K

Cap Rate 7%

$203,843 $203.8K

Cap Rate 9%

$158,544 $158.5K

Market Conditions

NOI Build-Up for 970 SF

Gross rent

$20.4K $21.00/SF

− Vacancy

−$1.3K −$1.39/SF

EGI

$19.0K $19.61/SF

− OpEx

−$4.8K −$4.90/SF

NOI

$14.3K $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%

$285,380

Cap Rate 7%

$203,843

Cap Rate 9%

$158,544

Alternative Uses

Best Use

Office B

$203.8K

$178.4K – $237.8K (±1% cap)

NOI $14,269 @ 7.0% cap · market cap 3.91%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$253.3K

$221.6K – $295.5K (±1% cap)

NOI $17,730 @ 7.0% cap · market cap 4.86%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

A Plus Insurance Insurance Agency Rental Professionals Property Management Company A Plus Insurance: Rich ... Insurance Agency The Sacred Portion Children's ... Charitable Organization Simply Skin Essentials Medical Clinic

Suggested Use

Top Pick Locksmith Garden Center Real Estate Agency Kitchen & Bath Showroom Computer & Electronic Repair Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,221

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Four offices, reception space, a kitchen, and public utilities create a practical professional workspace.

Where is this office units located?

The property is located at 2137 Durston Bozeman, MT.

What is the asking price?

The asking price for this property is $365,000.

What are key features of this property?

This property features: 970 square feet of office condominium space; Four offices with a large reception area; Kitchen and private bath included