Office Unit with Covered
New
For Sale
$599,900
4055 Valley Commons Drive, Bozeman, MT 59718
CommercialSale, Bozeman, MT
Property Size1,633 SF
Price / SF$367.36
Days on Market3
Property Features for 4055 Valley Commons Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
BP
Directions
West on Huffine, Right on Ferguson, Right on Valley Commons
Subdivision
1NW - Boz N of Main/W of 19th
Standard status
Active
APN
RGG47758
Size
1,633 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WEST VALLEY COMMERCIAL CONDO, S10, T02 S, R05 E, BUILDING 2, UNIT F
Tax Annual Amount
6391
HOA Fee
$1,550 Quarterly
Legal Description
WEST VALLEY COMMERCIAL CONDO, S10, T02 S, R05 E, BUILDING 2, UNIT F
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
shared common-area restrooms
individual air-conditioning units
Building Details
Year built
1998
Listing Agency:
Aspire Realty
(406) 577-2520
Listed By:
Arison Antonucci-Burns · License #BRO-1487
(406) 570-0632
Added: Aug 26
Last Checked: Aug 28 at 7:06PM
MLS# 414387
Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit F is an office suite with six offices in varied sizes, along with storage areas, a kitchenette, cabinetry, and a built-in reception counter. A separate waiting area supports client-facing operations, while oversized double doors open onto a covered deck oriented toward southern mountain views. The suite includes individual air conditioning, blinds, and 10-foot ceilings, and may be sold partially furnished.
The second-floor property provides elevator access, shared common-area restrooms, and more than 20 on-site parking spaces, along with additional off-street parking for clients and guests. Public water and sewer serve the property. Constructed in 1998, the building uses forced-air natural-gas heating and central air conditioning. Adjacent units may be purchased separately or combined to expand the office footprint.
The second-floor property provides elevator access, shared common-area restrooms, and more than 20 on-site parking spaces, along with additional off-street parking for clients and guests. Public water and sewer serve the property. Constructed in 1998, the building uses forced-air natural-gas heating and central air conditioning. Adjacent units may be purchased separately or combined to expand the office footprint.
Key Highlights
- Unit F includes 6 offices, storage areas, a kitchenette, cabinetry, reception, and waiting space
- Covered deck accessed through oversized double doors with south mountain views
- 10 ft ceilings, individual A/C, blinds, and potential for partial furnishing
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
$24,022
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
4.00%
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%
$480,440
$480.4K
Cap Rate 7%
$343,171
$343.2K
Cap Rate 9%
$266,911
$266.9K
Market Conditions
NOI Build-Up for 1,633 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
$34.3K $21.00/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$32.0K $19.61/SF
− OpEx
−$8.0K −$4.90/SF
NOI
$24.0K $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 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%
$480,440
Cap Rate 7%
$343,171
Cap Rate 9%
$266,911
Alternative Uses
Best Use
Office B
$343.2K
$300.3K – $400.4K
NOI $24,022 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.4K
$373.1K – $497.5K
NOI $29,849 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 59718, MT
43,831
Population
19,765
Households
2.2
Avg Household Size
33
Median Age
57%
College-Educated
97%
High-School Grad
164.5 sq mi
ZIP Area
266
Density / Sq Mi
$91,852
Median Household Income
$44,915
Median Earnings
$1,748
Median Rent
$579,800
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 - Suite F combines multiple private offices with reception, client waiting space, and dedicated support areas.
Where is this office units located?
The property is located at 4055 Valley Commons Drive Bozeman, MT.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Unit F includes 6 offices, storage areas, a kitchenette, cabinetry, reception, and waiting space; Covered deck accessed through oversized double doors with south mountain views; 10 ft ceilings, individual A/C, blinds, and potential for partial furnishing
