Top-Floor Office
For Sale
$899,000
302-1648 Ellis St, Bozeman, MT 59715
Four private offices, reception, waiting room, kitchenette, storage, and attic space support flexible professional occupancy.
Property Size2,608 SF
Price / SF$344.71
Days on Market81
Property Features for 302-1648 Ellis St
General Information
Standard status
Active
Size
2,608 SF
Elevators
Yes
Additional Details
Floor
top floor
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,233
Listing Agency:
McKenna Adams Commercial
(406) 587-0792
Listed By:
Katie Adams · License #RRE-BRO-LIC-56423
(406) 581-7562
Source:
Exprealty
Added: Jul 27
Changed: Oct 13
Last Checked: Oct 15 at 1:51AM
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 McKenna Adams Commercial
Investment Insights
Based on property information with market context.
This top-floor office condo combines four private, windowed offices with a reception area, waiting room, kitchenette, and substantial storage. An attic area provides additional flexibility, while the property is listed with a size of 2608. Common-area features include bathrooms, an elevator, and parking. Windows capture views toward the Gallatin Range and surrounding foothills.
The property is located at 302-1648 Ellis St in Bozeman, with access to Downtown Bozeman, Main Street, I-90, Bozeman Health, and MSU. The configuration supports professional or medical office use and includes features suited to an owner-occupant or investor.
The property is located at 302-1648 Ellis St in Bozeman, with access to Downtown Bozeman, Main Street, I-90, Bozeman Health, and MSU. The configuration supports professional or medical office use and includes features suited to an owner-occupant or investor.
Key Highlights
- Top‑floor office condo with 4 private windowed offices
- Reception area and waiting room included
- Kitchenette and ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,365
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,300
$767.3K
Cap Rate 7%
$548,071
$548.1K
Cap Rate 9%
$426,278
$426.3K
Market Conditions
NOI Build-Up for 2,608 SF
Gross rent
$54.8K $21.00/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$51.2K $19.61/SF
− OpEx
−$12.8K −$4.90/SF
NOI
$38.4K $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%
$767,300
Cap Rate 7%
$548,071
Cap Rate 9%
$426,278
Alternative Uses
Best Use
Office B
$548.1K
$479.6K – $639.4K
NOI $38,365 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$681.0K
$595.9K – $794.5K
NOI $47,670 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
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?
Office units - Four private offices, reception, waiting room, kitchenette, storage, and attic space support flexible professional occupancy.
Where is this office units located?
The property is located at 302-1648 Ellis St Bozeman, MT.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Top‑floor office condo with 4 private windowed offices; Reception area and waiting room included; Kitchenette and ample storage
