Medical Office
2407 Main, Bozeman, MT 59718
For Sale
Contact for pricing
Ground-floor space features private rooms, a reception area, and direct access from outside.
Property Size1,770 SF
Price / SF$0.01
Days on Market10
Property Features for 2407 Main
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Amenities
Garage: Common
Common
Listing Agency:
Northrose Real Estate
Listed By:
Casey Rose · License MT #405691
(406) 579-5586
Source:
Clearwaterproperties
Added: Nov 4
Changed: Nov 12
Last Checked: Nov 12 at 8:28AM
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 Northrose Real Estate
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Investment Insights
Based on property information with market context.
Suite 102 contains 1,770 square feet of ground-level medical office space at 2407 W Main Street. Its existing plan includes a reception and waiting area, private rooms, an open work zone with storefront windows, and a kitchenette. The suite has previously accommodated medical services and offers direct exterior entry.
The property is in Oakwood Square on West Main Street, a commercial corridor with approximately 33,178 vehicles passing daily, according to MDT data for 2025. Nearby destinations include Gallatin Crossing, Whole Foods, and Intermountain Health’s new medical facilities. Downtown Bozeman and University Square are to the east. Retail, dining, and other services are also in the surrounding area.
The property is in Oakwood Square on West Main Street, a commercial corridor with approximately 33,178 vehicles passing daily, according to MDT data for 2025. Nearby destinations include Gallatin Crossing, Whole Foods, and Intermountain Health’s new medical facilities. Downtown Bozeman and University Square are to the east. Retail, dining, and other services are also in the surrounding area.
Key Highlights
- 1,770 SF of main‑level medical office space
- Private rooms, reception and waiting area, open work zone, and kitchenette
- Storefront windows and direct exterior entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,878
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,560
$397.6K
Cap Rate 7%
$283,971
$284.0K
Cap Rate 9%
$220,867
$220.9K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$35.5K $20.04/SF
− Vacancy
−$2.3K −$1.32/SF
EGI
$33.1K $18.72/SF
− OpEx
−$13.3K −$7.49/SF
NOI
$19.9K $11.23/SF
Area
Gallatin County, MT
Vacancy
6.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,560
Cap Rate 7%
$283,971
Cap Rate 9%
$220,867
Alternative Uses
Best Use
Office B
$372.0K
$325.5K – $434.0K
NOI $26,038 @ 7.0% cap
Second Best
Healthcare Medical
$284.0K
$248.5K – $331.3K
NOI $19,878 @ 7.0% cap
Theoretical Best
Office A
$462.2K
$404.4K – $539.2K
NOI $32,353 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
Under-served
Demand for This Use
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-floor space features private rooms, a reception area, and direct access from outside.
Where is this medical office space located?
The property is located at 2407 Main Bozeman, MT.
What are key features of this property?
This property features: 1,770 SF of main‑level medical office space; Private rooms, reception and waiting area, open work zone, and kitchenette; Storefront windows and direct exterior entry
