Live-Work Condo with Garage
321 Gallatin Park Dr Unit 101/201 Bozeman, MT 59715
321 Gallatin Park Dr Unit 101/201, Bozeman, MT, 59715
$1,275,000
For Sale
$1,275,000
Newer live-work condo includes a main-level garage/shop and an upstairs open-concept living area with deck.
Property Size2,660 SF
Price / SF$479.32
Days on Market12
Property Features for 321 Gallatin Park Dr Unit 101/201
General Information
- Standard status
- Active
- Size
- 2,660 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing agency
NextHome Destination
Listed by
Sarah & Abram Antonucci · License #53018
Source
Westmontanahomes
Added: Jul 10 Updated: Jul 20 at 3:44AM Checked: Jul 20 at 3:44AM
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 NextHome Destination
Investment Insights
Based on property information with market context.
This newer live-work condo is designed to combine a functional business workspace with comfortable living space. The main level features an expansive 1,333 sq. ft. garage/shop complete with a convenient half bathroom, offering flexibility for a range of office or studio uses, as well as workshop or storage needs. Upstairs, there is 1,327 sq. ft. of bright, open-concept living space with oversized windows and air conditioning for year-round comfort.
The kitchen includes ample cabinetry, generous counter space, and an oversized island that connects directly to the dining and living areas. A spacious second-floor deck extends the living experience outdoors. The upper level also includes two bedrooms, a full bathroom, and a dedicated office.
Three designated parking spaces provide added convenience for owners, clients, or guests. The property is located at 321 Gallatin Park Dr Unit 101/201 in Bozeman, MT 59715.
The kitchen includes ample cabinetry, generous counter space, and an oversized island that connects directly to the dining and living areas. A spacious second-floor deck extends the living experience outdoors. The upper level also includes two bedrooms, a full bathroom, and a dedicated office.
Three designated parking spaces provide added convenience for owners, clients, or guests. The property is located at 321 Gallatin Park Dr Unit 101/201 in Bozeman, MT 59715.
Key Highlights
- Year built 2023 live/work condo with main‑level garage/shop plus an upstairs living space.
- 1,333 sq. ft. main‑level garage/shop with a convenient half bathroom.
- 1,327 sq. ft. upstairs open‑concept living area with an oversized kitchen island and abundant natural light.
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 | $55.9k | $21.00 |
| − Vacancy | −$3.7k | −$1.39 |
| EGI | $52.2k | $19.61 |
| − OpEx | −$13.0k | −$4.90 |
| NOI | $39.1k | $14.71 |
2,660 SF · lease $21.00/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$559.0K
$489.1K – $652.2K
NOI $39,130 @ 7.0% cap · market cap 3.07%
Second Best
Mixed Use
$522.7K
$457.4K – $609.8K
NOI $36,588 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$694.6K
$607.8K – $810.4K
NOI $48,621 @ 7.0% cap · market cap 3.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Monarch Fitness Enterprises ...
Gym & Fitness Center
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FAQs
What type of property is this?
Live-work space - Newer live-work condo includes a main-level garage/shop and an upstairs open-concept living area with deck.
Where is this live-work space located?
The property is located at 321 Gallatin Park Dr Unit 101/201 Bozeman, MT.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Year built 2023 live/work condo with main‑level garage/shop plus an upstairs living space.; 1,333 sq. ft. main‑level garage/shop with a convenient half bathroom.; 1,327 sq. ft. upstairs open‑concept living area with an oversized kitchen island and abundant natural light.
