Creative Space with Track
2245 W Koch Street Unit D, Bozeman, MT 59718
For Sale
$365,000
An open-plan commercial condo offers paved on-site parking and a short drive to Montana State University.
Property Size1,913 SF
Price / SF$190.80
Days on Market21
Property Features for 2245 W Koch Street Unit D
General Information
Standard status
Size
Additional Details
Currently Operating
Amenities
open-concept layout
professional track lighting
on-site parking
Listing Agency:
House of Montana Realty, LLC
Listed By:
Travis Ballenger · License #BRO-45370
(406) 539-7653
Source:
Montanarootsrealty
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 5:51AM
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 House of Montana Realty, LLC
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Investment Insights
Based on property information with market context.
Unit D is a 1,913-square-foot commercial condominium with an open interior and track lighting. It is currently used as an art gallery, and paved parking is available on site near the entrance.
The property at 2245 W Koch Street in Bozeman is minutes from Montana State University, major shopping areas, and main thoroughfares.
The property at 2245 W Koch Street in Bozeman is minutes from Montana State University, major shopping areas, and main thoroughfares.
Key Highlights
- 1,913‑square‑foot commercial condominium
- Open‑concept interior with track lighting
- Currently operating as an art gallery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,141
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,820
$562.8K
Cap Rate 7%
$402,014
$402.0K
Cap Rate 9%
$312,678
$312.7K
Market Conditions
NOI Build-Up for 1,913 SF
Gross rent
$40.2K $21.00/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$37.5K $19.61/SF
− OpEx
−$9.4K −$4.90/SF
NOI
$28.1K $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%
$562,820
Cap Rate 7%
$402,014
Cap Rate 9%
$312,678
Alternative Uses
Best Use
Office B
$402.0K
$351.8K – $469.0K
NOI $28,141 @ 7.0% cap · market cap 7.71%
Second Best
Retail
$320.2K
$280.2K – $373.6K
NOI $22,417 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$499.5K
$437.1K – $582.8K
NOI $34,967 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - An open-plan commercial condo offers paved on-site parking and a short drive to Montana State University.
Where is this creative space located?
The property is located at 2245 W Koch Street Unit D 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: 1,913‑square‑foot commercial condominium; Open‑concept interior with track lighting; Currently operating as an art gallery
