Industrial
New
For Sale
$9,500,000
516 E Tamarack Street, Bozeman, MT 59715
The property pairs a substantial industrial facility with NEHMU-zoned land inside Bozeman city limits.
Property Size33,981 SF
Lot Size2.54 Acres
Price / SF$279.57
Days on Market2
Property Features for 516 E Tamarack Street
General Information
Standard status
Active
Size
33,981 SF
Lot size
2.54 Acres
Property subtype
Commercial
Zoning
NEHMU
Net Operating Income
$577,677
Financials
Asking Price
$9,500,000
Cap Rate
6.08%
Gross Income
$577,677
Additional Details
Property Use
Industrial
Taxes and HOA fees
Annual Taxes
$69,620
Building Details
Building Size
33,981 SF
Year Built
1958
Buildings
1
Listing Agency:
Obsidian Realty Group
(406) 995-2404
Listed By:
Eli Kretzmann
(208) 507-1613
Source:
Outlaw
Added: Oct 24
Last Checked: Oct 24 at 2:52PM
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 Obsidian Realty Group
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Investment Insights
Based on property information with market context.
An industrial building of 33,981 square feet occupies a 2.54-acre parcel at 516 E Tamarack Street in Bozeman. Built in 1958, the property is zoned NEHMU and lies within city limits, a few blocks from downtown and the Cannery District.
A sale-leaseback arrangement is proposed with Lattice Materials, an affiliate of the seller. The proposed NNN lease would begin at closing, run for two years, and include a one-year option, with annual increases of 3%. The lease has not been executed; these terms are proposed for documentation in the purchase agreement.
A sale-leaseback arrangement is proposed with Lattice Materials, an affiliate of the seller. The proposed NNN lease would begin at closing, run for two years, and include a one-year option, with annual increases of 3%. The lease has not been executed; these terms are proposed for documentation in the purchase agreement.
Key Highlights
- 33,981‑SF industrial building
- 2.54‑acre site within Bozeman city limits
- NEHMU zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$352,876
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,057,520
$7.1M
Cap Rate 7%
$5,041,086
$5.0M
Cap Rate 9%
$3,920,844
$3.9M
Market Conditions
NOI Build-Up for 33,981 SF
Gross rent
$509.7K $15.00/SF
− Vacancy
−$5.6K −$0.17/SF
EGI
$504.1K $14.83/SF
− OpEx
−$151.2K −$4.45/SF
NOI
$352.9K $10.38/SF
Area
Gallatin County, MT
Vacancy
1.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,057,520
Cap Rate 7%
$5,041,086
Cap Rate 9%
$3,920,844
Alternative Uses
Best Use
Industrial
$5.04M
$4.41M – $5.88M
NOI $352,876 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.87M
$7.76M – $10.35M
NOI $621,118 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
895
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
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - The property pairs a substantial industrial facility with NEHMU-zoned land inside Bozeman city limits.
Where is this industrial property located?
The property is located at 516 E Tamarack Street Bozeman, MT.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 33,981‑SF industrial building; 2.54‑acre site within Bozeman city limits; NEHMU zoning
