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    215 Quail Run, Bozeman, MT 59718

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    For Lease
    $6,250/Mo $14 SF/Yr (calc)

    COMMERCIAL - Bozeman, MT

    Type:Office
    Property size:
    5,278 SF
    Added:
    May 14, 2026
    Days on Market:
    3
    Last Refresh:
    May 16 at 12:06 am

    Property Features for 215 Quail Run

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Assigned
    Standard status
    Active
    APN
    RGF54608
    Size
    5,278 SF

    Taxes and HOA fees

    Tax Description
    QUAIL RUN COMMERCIAL CONDO, S11, T02 S, R04 E, BUILDING 2, UNIT A

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2

    We can help!

    Listing Contact
    Michael Rivers

    Listing agent Michael Rivers License #BRO-109736

    Listing office Ranch and Resort Group 101 E Mendenhall, Ste. A, Bozeman, MT

    Listing date May 14, 2026

    MLS# 410850

    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.

    HighLights

    • Prime location in 4 Corners, offering easy access to Bozeman, Big Sky, and Belgrade.
    • Combined Units A & B provide versatile office/commercial space with a connected warehouse.
    • Unit B features a 1500 sq. ft. heated warehouse with a 14' garage door.
    • Unit A includes a reception area, multiple offices, conference room, kitchen/breakroom, and open rec area.
    • Second floor includes a bar area with commercial kitchen appliances.
    • Dedicated parking for each unit.

    Overview

    Located in the Four Corners area, 215 Quail Run offers convenient access to Bozeman, Big Sky, and Belgrade. Units A and B are combined to create a versatile commercial space. Unit A, situated on the first floor, features a reception area, three large offices, a conference room, a kitchen/breakroom, a bathroom, and a utility area. The second floor includes a large open recreation area, two additional large and bright offices, a bathroom, and a bar with a seating area. The bar area is equipped with commercial kitchen appliances from a previous tenant improvement. Unit B provides 1500 square feet of heated warehouse space with a 14-foot garage door. The property is suitable for office or commercial use and is located in the Gallatin Valley commerce corridor. Dedicated parking is available for each unit. The total property size is 5278 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Sky Bravery Charitable Organization Stryk Armament Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy Hotel & Motel

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

    Similar Places Nearby

    • Willy Mo's BBQ — 233 Graves Trail Unit E, Bozeman, MT 59718
    • Gallatin Valley Catering — 81820 Gallatin Rd, Bozeman, MT 59718
    • Wild Chef — 7540 Pioneer Way, Bozeman, MT 59718

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.1908297
    Latitude
    45.6742848

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    FAQs

    What type of property is this?
    Flex space - Office and warehouse space with excellent access to regional hubs.
    Where is this flex space located?
    The property is located at 215 Quail Run Bozeman, MT.
    What is the lease rate?
    The lease rate is $6,250 /Mo.
    What are key features of this property?
    This property features: Prime location in 4 Corners, offering easy access to Bozeman, Big Sky, and Belgrade.; Combined Units A & B provide versatile office/commercial space with a connected warehouse.; Unit B features a 1500 sq. ft. heated warehouse with a 14' garage door.
    (406) 579-6289
    We can help!
    Listing Contact
    Michael Rivers
    Real Estate License ID: BRO-109736
    Learn More
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    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.

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