Retail Space with Commercial
New
For Sale
$849,000
2405 W Main Street 6, Bozeman, MT 59718
Flexible commercial space combines a showroom-style retail setting with a county-approved kitchen and on-site parking.
Property Size1,754 SF
Price / SF$484.04
Days on Market4
Property Features for 2405 W Main Street 6
General Information
Standard status
Active
Size
1,754 SF
Property subtype
Commercial
Zoning
B2M
Taxes and HOA fees
Annual Taxes
$3,236
Amenities
abundant natural light
quality finishes
versatile layout
commercial-grade kitchen
wired-in sound
ceiling-mounted camera for projection
monitored security system
on-site parking
Building Details
Building Size
1,754 SF
Year Built
1995
Listing Agency:
AmeriMont Real Estate
(406) 995-2404
Listed By:
Ethan Stokes
(406) 579-1989
Source:
Outlaw
Added: Sep 12
Changed: Sep 14
Last Checked: Sep 14 at 7:33AM
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 AmeriMont Real Estate
Investment Insights
Based on property information with market context.
Located at 2405 W Main Street 6 in Bozeman, this 1,754-square-foot retail space was built in 1995 and includes a showroom-oriented layout with natural light and finished interior areas. The property is zoned B2M and offers on-site parking.
A professionally equipped kitchen supports food-service and culinary operations, with a freestanding convection oven, gas range/oven, commercial dishwasher, refrigerator, freezer, microwave/convection/air-fryer unit, commercial range hood, cabinetry, and storage. Gallatin County approval is in place for the kitchen. Additional improvements include wired-in sound, a ceiling-mounted projection camera, and a monitored security system.
A professionally equipped kitchen supports food-service and culinary operations, with a freestanding convection oven, gas range/oven, commercial dishwasher, refrigerator, freezer, microwave/convection/air-fryer unit, commercial range hood, cabinetry, and storage. Gallatin County approval is in place for the kitchen. Additional improvements include wired-in sound, a ceiling-mounted projection camera, and a monitored security system.
Key Highlights
- 1,754‑square‑foot retail space at 2405 W Main Street 6, Bozeman, MT 59718
- Commercial kitchen approved by Gallatin County
- Kitchen includes convection oven, gas range/oven, dishwasher, refrigerator, freezer, and range hood
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,623
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,460
$492.5K
Cap Rate 7%
$351,757
$351.8K
Cap Rate 9%
$273,589
$273.6K
Market Conditions
NOI Build-Up for 1,754 SF
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.
Gross rent
$35.2K $20.04/SF
− Vacancy
−$2.3K −$1.32/SF
EGI
$32.8K $18.72/SF
− OpEx
−$8.2K −$4.68/SF
NOI
$24.6K $14.04/SF
Area
Gallatin County, MT
Vacancy
6.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,460
Cap Rate 7%
$351,757
Cap Rate 9%
$273,589
Alternative Uses
Best Use
Specialty Retail
$351.8K
$307.8K – $410.4K
NOI $24,623 @ 7.0% cap · market cap 2.90%
Second Best
Retail
$293.6K
$256.9K – $342.6K
NOI $20,553 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$458.0K
$400.8K – $534.3K
NOI $32,060 @ 7.0% cap · market cap 3.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,365
Businesses Nearby
230k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Dining 25%
Shops & Services 19%
Leisure 14%
Safeway
Groceries
42,214 visits/mo
0.5 miles
Albertsons
Groceries
35,065 visits/mo
0.2 miles
Regal Cinemas Gallatin Valley Stadium 11
Leisure
33,006 visits/mo
0.4 miles
Taco Bell
Dining
18,036 visits/mo
0.5 miles
Panda Express
Dining
17,910 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space combines a showroom-style retail setting with a county-approved kitchen and on-site parking.
Where is this retail space located?
The property is located at 2405 W Main Street 6 Bozeman, MT.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 1,754‑square‑foot retail space at 2405 W Main Street 6, Bozeman, MT 59718; Commercial kitchen approved by Gallatin County; Kitchen includes convection oven, gas range/oven, dishwasher, refrigerator, freezer, and range hood
