Listing Agency: Altitude Real Estate, LLC j***@altitudemt.com Show Phone

Listed By: Tony Renslow · License #RRE-RBS-LIC-12276 Show Phone

Source: Exprealty

Added: Jul 22 Changed: Oct 9 Last Checked: Oct 16 at 11:24AM

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Investment Insights

Based on property information with market context.

This storefront commercial space offers 1,843 square feet with an open interior layout suited to a variety of uses. Recent improvements include new electrical work, flooring, interior trim, paint, and bathroom finishes, creating a clean, light-filled setting for occupancy.

Located at 4-2320 W Main St in Bozeman, Montana, the space is available for immediate occupancy and can be toured by appointment.

Key Highlights

• 1,843 SF storefront space
• Recently remodeled with new electrical, flooring, trim, paint, and bathroom improvements
• Open‑plan interior with a light, clean presentation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,596

Suggested Prices Based on Cap Rates

Cap Rate 5%

$431,920 $431.9K

Cap Rate 7%

$308,514 $308.5K

Cap Rate 9%

$239,956 $240.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,843 SF

Gross rent

$33.2K $18.00/SF

− Vacancy

−$2.3K −$1.26/SF

EGI

$30.9K $16.74/SF

− OpEx

−$9.3K −$5.02/SF

NOI

$21.6K $11.72/SF

Area

Gallatin County, MT

Vacancy

7.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$431,920

Cap Rate 7%

$308,514

Cap Rate 9%

$239,956

Alternative Uses

Best Use

Retail

$308.5K

$270.0K – $359.9K (±1% cap)

NOI $21,596 @ 7.0% cap · market cap 98,163.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$481.2K

$421.1K – $561.5K (±1% cap)

NOI $33,687 @ 7.0% cap · market cap 153,122.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Home Appliance Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

2,170

Businesses Nearby

59k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 33% Hotels & Casinos 25% Dining 17% Apparel 11%

Kimpton Armory Hotel Bozeman Hotels & Casinos

12,269 visits/mo 0.1 miles

MacKenzie River Pizza Co. Dining

8,194 visits/mo 0.2 miles

Conoco Shops & Services

7,236 visits/mo 0.5 miles

Fjallraven Apparel

6,477 visits/mo 0.0 miles

Owenhouse Ace Hardware Home Improvements & Furnishings

6,198 visits/mo 0.0 miles

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 Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Updated commercial space with an open layout, new electrical service, and a refreshed restroom.

Where is this storefront property located?

The property is located at 4-2320 W Main St Bozeman, MT.

What are key features of this property?

This property features: 1,843 SF storefront space; Recently remodeled with new electrical, flooring, trim, paint, and bathroom improvements; Open‑plan interior with a light, clean presentation