Renovated Multi-Level Office
For Sale
$1,348,000
Pending
417 Mendenhall, Bozeman, MT 59715
B2M-zoned office building with private rooms, executive suites, and flexible multi-level space.
Property Size3,370 SF
Days on Market49
Property Features for 417 Mendenhall
General Information
Standard status
Pending
Size
3,370 SF
Total Parking Spaces
5
Property subtype
Commercial
Zoning
B2M
Additional Details
Furnished
Yes
Office Units
12
Taxes and HOA fees
Annual Taxes
$13,574
Amenities
collaborative workspace
kitchenette
washer/dryer
Garage: Paved
Paved
Building Details
Year Built
1980
Year Renovated
2021
Buildings
1
Building Size
3,370 SF
Listing Agency:
Starner Commercial Real Estate
Listed By:
Sunny Odegard · License #BRO-63608
(406) 570-4931
Source:
Clearwaterproperties
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 5 at 7:10PM
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.
Renovated in 2021, this 3,370-square-foot office building offers a flexible configuration across multiple levels. The interior includes an open collaborative area, seven private rooms, five executive office suites, and finished basement space. The upper level contains 1,856 square feet, while the basement provides 1,514 square feet. Furnishings are included, along with custom built-ins, upgraded lighting and fixtures, a kitchenette, and laundry equipment.
The property is located at 417 W Mendenhall St in Bozeman’s downtown core and is zoned B2M. Two offices, the rear entrance, and one bathroom meet ADA requirements. Access is available through the front, accessible rear, and basement entrances. Five dedicated alley-lot parking spaces, including one accessible space, are included. The building can also be separated into two distinct spaces.
The property is located at 417 W Mendenhall St in Bozeman’s downtown core and is zoned B2M. Two offices, the rear entrance, and one bathroom meet ADA requirements. Access is available through the front, accessible rear, and basement entrances. Five dedicated alley-lot parking spaces, including one accessible space, are included. The building can also be separated into two distinct spaces.
Key Highlights
- 3,370 SF office building renovated in 2021
- B2M zoning supports commercial and mixed‑use opportunities
- Seven private rooms plus five executive office suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,574
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,480
$991.5K
Cap Rate 7%
$708,200
$708.2K
Cap Rate 9%
$550,822
$550.8K
Market Conditions
NOI Build-Up for 3,370 SF
Gross rent
$70.8K $21.00/SF
− Vacancy
−$4.7K −$1.39/SF
EGI
$66.1K $19.61/SF
− OpEx
−$16.5K −$4.90/SF
NOI
$49.6K $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%
$991,480
Cap Rate 7%
$708,200
Cap Rate 9%
$550,822
Alternative Uses
Best Use
Office B
$708.2K
$619.7K – $826.2K
NOI $49,574 @ 7.0% cap · market cap 3.68%
Second Best
Healthcare Medical
$540.7K
$473.1K – $630.8K
NOI $37,847 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$880.0K
$770.0K – $1.03M
NOI $61,598 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Office units
Location Intelligence
Trade Area within ½ mile
2,221
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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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - B2M-zoned office building with private rooms, executive suites, and flexible multi-level space.
Where is this office building located?
The property is located at 417 Mendenhall Bozeman, MT.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: 3,370 SF office building renovated in 2021; B2M zoning supports commercial and mixed‑use opportunities; Seven private rooms plus five executive office suites
