243 Pegasus Drive, Bozeman, MT 59718
Two-story office building with private offices, open work areas, and a recording studio for flexible tenant or owner-operator use.
- Added:
- Mar 25, 2026
- Days on Market:
- 104
- Last Refresh:
- Jul 5 at 2:24 am
Property Features for 243 Pegasus Drive
General Information
- Standard status
- Active
- Size
- 10,104 SF
- Lot size
- 0.84 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing office ERA Landmark Real Estate (406) 407-2520
Listing date Mar 25, 2026
Source Outlaw
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HighLights
- 10,104 SF two‑story office building on 0.84 acres, built in 2006
- Layout includes 21 private offices, four open work areas, and a welcoming reception area
- Conference room and break room plus recording studio and green room included
- Five restrooms, mechanical and storage rooms, with an elevator and two stairwells for second‑floor access
- Served by Four Corners Water & Sewer and equipped with a fire suppression system
- Flexible floor plan supports single- or multi‑tenant use; no known deferred maintenance reported
Overview
The property is set in a quiet, low-traffic setting near the Gallatin River and is surrounded by high-end homes, offering a more relaxed alternative to busier commercial corridors. Nearby employers include Zoot Enterprises, Mesa Labs, and Wildfire Defense Systems, which may be convenient for office users in related industries.
For tenants and buyers seeking a flexible office configuration, the mix of private offices, open space, and dedicated studio rooms supports a range of professional uses, including general office operations and creative or recording-focused requirements. The building is serviced by Four Corners Water & Sewer and is equipped with a fire suppression system. The property is reported to be in good condition with no known deferred maintenance, with mechanical and storage support spaces already in place.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $212.2k | $21.00 |
| − Vacancy | −$14.0k | −$1.39 |
| EGI | $198.2k | $19.61 |
| − OpEx | −$49.5k | −$4.90 |
| NOI | $148.6k | $14.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bozeman
- County
- Gallatin
- State
- Montana
- Longitude
- -111.2043282
- Latitude
- 45.6753011
