Light Industrial Condo with
For Sale
$485,000
30 Shawnee Way E, Bozeman, MT 59715
Light industrial commercial condo with a large overhead door, separate man door, and private upstairs office space.
Property Size2,026 SF
Price / SF$239.39
Days on Market196
Property Features for 30 Shawnee Way E
General Information
Standard status
Active
Size
2,026 SF
Property subtype
Commercial
Zoning
M1
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,784
Building Details
Building Size
2,026 SF
Year Built
2006
Listing Agency:
McKenna Adams Commercial
(406) 589-6247
Listed By:
EJ Daws
(406) 589-6247
Source:
Outlaw
Added: Feb 9
Changed: Aug 23
Last Checked: Aug 23 at 2:46AM
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 McKenna Adams Commercial
Investment Insights
Based on property information with market context.
This light industrial commercial condo includes warehouse space with a large overhead door and a separate man door that connects to the office/showroom area. Additional ground-floor rooms provide flexibility for offices or extra storage. Upstairs, the property features nicely finished, private windowed office space along with additional work space.
The unit is located just off East Frontage Road, offering convenient access from the East Main Interchange of I-90.
The layout supports both work/storage needs and dedicated office space, making it suitable for an owner-occupant or an investment scenario.
The unit is located just off East Frontage Road, offering convenient access from the East Main Interchange of I-90.
The layout supports both work/storage needs and dedicated office space, making it suitable for an owner-occupant or an investment scenario.
Key Highlights
- Light industrial commercial condo built in 2006 in East Bozeman
- Just off East Frontage Road with easy access from the East Main Interchange of I‑90
- Warehouse access includes a large overhead door plus a separate man door
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
$29,803
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
6.14%
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%
$596,060
$596.1K
Cap Rate 7%
$425,757
$425.8K
Cap Rate 9%
$331,144
$331.1K
Market Conditions
NOI Build-Up for 2,026 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
$42.5K $21.00/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$39.7K $19.61/SF
− OpEx
−$9.9K −$4.90/SF
NOI
$29.8K $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 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%
$596,060
Cap Rate 7%
$425,757
Cap Rate 9%
$331,144
Alternative Uses
Best Use
Office B
$425.8K
$372.5K – $496.7K
NOI $29,803 @ 7.0% cap · market cap 6.14%
Second Best
Warehouse
$365.0K
$319.3K – $425.8K
NOI $25,547 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$529.0K
$462.9K – $617.2K
NOI $37,032 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 59715, MT
37,286
Population
17,116
Households
2.2
Avg Household Size
30
Median Age
68%
College-Educated
98%
High-School Grad
294.9 sq mi
ZIP Area
126
Density / Sq Mi
$85,000
Median Household Income
$31,646
Median Earnings
$1,376
Median Rent
$755,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial commercial condo with a large overhead door, separate man door, and private upstairs office space.
Where is this flex space located?
The property is located at 30 Shawnee Way E Bozeman, MT.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Light industrial commercial condo built in 2006 in East Bozeman; Just off East Frontage Road with easy access from the East Main Interchange of I‑90; Warehouse access includes a large overhead door plus a separate man door
