East Bozeman Light Industrial
For Sale
Contact for pricing
30E Shawnee Way, Bozeman, MT 59715
Light industrial condo with established tenant and easy I-90 access.
Property Size2,026 SF
Price / SF$239.39
Days on Market183
Property Features for 30E Shawnee Way
General Information
Standard status
Active
Size
2,026 SF
Property subtype
Industrial
Occupancy
100%
Building Details
Stories
2
Tenancy
Single
Listing Agency:
Starner Commercial Real Estate
(406) 539-0717
Listed By:
Tom Starner · License #RRE-BRO-LIC-12265
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 11 at 9:22AM
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 Starner Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2,026 square foot commercial condo is located in East Bozeman, providing an investment opportunity. The property is situated just off East Frontage Road, offering convenient access to the East Main Interchange of I-90. A tenant is currently in place, providing an income stream. The layout includes a large overhead door leading into the warehouse space, and a man door that opens into an office/showroom area. Additional rooms on the ground floor can be used for offices or extra storage. The upstairs area is nicely finished and features a private windowed office and additional workspace. The property is suitable for light industrial use.
Key Highlights
- Established tenant provides immediate income stream.
- Easy access to I‑90 via the East Main Interchange.
- Large overhead door for warehouse access.
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
$25,547
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
5.27%
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%
$510,940
$510.9K
Cap Rate 7%
$364,957
$365.0K
Cap Rate 9%
$283,856
$283.9K
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
$30.4K $15.00/SF
− Vacancy
−$334 −$0.17/SF
EGI
$30.1K $14.83/SF
− OpEx
−$4.5K −$2.23/SF
NOI
$25.5K $12.61/SF
Area
Gallatin County, MT
Vacancy
1.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$510,940
Cap Rate 7%
$364,957
Cap Rate 9%
$283,856
Alternative Uses
Best Use
Warehouse
$365.0K
$319.3K – $425.8K
NOI $25,547 @ 7.0% cap · market cap 5.27%
Second Best
Flex RnD
$352.1K
$308.1K – $410.8K
NOI $24,649 @ 7.0% cap · market cap 5.08%
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
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Well-served
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial condo with established tenant and easy I-90 access.
Where is this flex space located?
The property is located at 30E Shawnee Way 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: Established tenant provides immediate income stream.; Easy access to I‑90 via the East Main Interchange.; Large overhead door for warehouse access.
