Live-Work Condo with Garage
For Sale
$1,275,000
321 Gallatin Park Drive 101/201, Bozeman, MT 59715
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 Market98
Property Features for 321 Gallatin Park Drive 101/201
General Information
Standard status
Active
Size
2,660 SF
Total Parking Spaces
3
Property subtype
Commercial
Zoning
M1
Taxes and HOA fees
Annual Taxes
$2,154
Building Details
Building Size
2,660 SF
Year Built
2023
Stories
2
Listing Agency:
Clearwater Montana Properties
(406) 995-2404
Listed By:
EJ Daws
(406) 589-6247
Source:
Outlaw
Added: Jul 14
Changed: Oct 7
Last Checked: Oct 19 at 3:51AM
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 Clearwater Montana Properties
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,130
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,600
$782.6K
Cap Rate 7%
$559,000
$559.0K
Cap Rate 9%
$434,778
$434.8K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$55.9K $21.00/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$52.2K $19.61/SF
− OpEx
−$13.0K −$4.90/SF
NOI
$39.1K $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%
$782,600
Cap Rate 7%
$559,000
Cap Rate 9%
$434,778
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
328
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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 Drive 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.
