Ground-Floor Retail/Office
507 Main, Bozeman, MT 59715
For Sale
Contact for pricing
Ground-floor suite with sidewalk entry, delivered in shell condition within B2M zoning for retail, restaurant, or office use.
Property Size362 SF
Price / SF$0.17
Days on Market104
Property Features for 507 Main
General Information
Standard status
Size
Property subtype
Zoning
Space & Availability
Floor
Furnished
Additional Details
Corner Location
Listing Agency:
Starner Commercial Real Estate
Listed By:
Tom Starner · License MT RRE-BRO-LIC-12265
(406) 539-0717
Source:
Clearwaterproperties
Added: Jul 29
Changed: Nov 8
Last Checked: Nov 8 at 6:00AM
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
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Investment Insights
Based on property information with market context.
This ground-floor retail/office suite is planned within a new Hampton Inn and Suites development at the corner of Main and 5th. Suite 1 is located on the southwest corner of the building and will front Main Street, with a sidewalk entry designed for walk-up retail and service uses.
The space will be delivered in shell condition, allowing for tenant-specific buildout for a range of concepts including restaurant, retail, and office. The suite is positioned to benefit from the upcoming hotel opening, with the Hampton Inn and Suites slated to open in September 2026.
Suite 1 totals 362 SF and is situated within B2M zoning, supporting flexible ground-floor mixed-use activity tied to the hotel’s street-level presence.
The space will be delivered in shell condition, allowing for tenant-specific buildout for a range of concepts including restaurant, retail, and office. The suite is positioned to benefit from the upcoming hotel opening, with the Hampton Inn and Suites slated to open in September 2026.
Suite 1 totals 362 SF and is situated within B2M zoning, supporting flexible ground-floor mixed-use activity tied to the hotel’s street-level presence.
Key Highlights
- Suite 1 on southwest corner of the building fronting Main Street
- Ground‑floor sidewalk entry retail/office configuration
- Delivered in shell condition for tenant buildout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,242
Suggested Prices Based on Cap Rates
Cap Rate 5%
$84,840
$84.8K
Cap Rate 7%
$60,600
$60.6K
Cap Rate 9%
$47,133
$47.1K
Market Conditions
NOI Build-Up for 362 SF
Gross rent
$6.5K $18.00/SF
− Vacancy
−$456 −$1.26/SF
EGI
$6.1K $16.74/SF
− OpEx
−$1.8K −$5.02/SF
NOI
$4.2K $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%
$84,840
Cap Rate 7%
$60,600
Cap Rate 9%
$47,133
Alternative Uses
Best Use
Office B
$76.1K
$66.6K – $88.8K
NOI $5,325 @ 7.0% cap
Second Best
Retail
$60.6K
$53.0K – $70.7K
NOI $4,242 @ 7.0% cap
Theoretical Best
Office A
$94.5K
$82.7K – $110.3K
NOI $6,617 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,844
Businesses Nearby
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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
$755,300
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Bozeman, MT
Properties on Market for Retail space in Bozeman
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor suite with sidewalk entry, delivered in shell condition within B2M zoning for retail, restaurant, or office use.
Where is this retail space located?
The property is located at 507 Main Bozeman, MT.
What are key features of this property?
This property features: Suite 1 on southwest corner of the building fronting Main Street; Ground‑floor sidewalk entry retail/office configuration; Delivered in shell condition for tenant buildout
