Professional Office Condo with Four
For Sale
$380,000
517 S 22nd Avenue 4, Bozeman, MT 59718
Office condo includes four private offices, entry area, and kitchenette for professional service use.
Property Size1,386 SF
Price / SF$274.17
Days on Market176
Property Features for 517 S 22nd Avenue 4
General Information
Standard status
Active
Size
1,386 SF
Property subtype
Commercial
Zoning
Call Listing Agent for Details
Taxes and HOA fees
Annual Taxes
$3,807
Building Details
Building Size
1,386 SF
Year Built
1994
Listing Agency:
Clearwater Montana Properties
(406) 995-2404
Listed By:
EJ Daws
(406) 589-6247
Source:
Outlaw
Added: Apr 17
Changed: Oct 1
Last Checked: Oct 7 at 9:02AM
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 Clearwater Montana Properties
Investment Insights
Based on property information with market context.
This commercial condo at Bridger Professional Condos is a refined, purpose-built office suite designed for professional operations. Unit 4 offers 1,386 square feet of workspace configured with four private offices, a welcoming entry area, and a dedicated kitchenette. The layout supports a client-facing environment while maintaining separate work areas within the suite.
The property is located at 517 S 22nd Avenue in Bozeman, Montana, within Gallatin County. It sits in an established professional condo setting and is positioned on Bozeman’s commercial corridor, with proximity to local business hubs and Montana State University mentioned in the remarks.
For buyers seeking low-maintenance ownership in a condo-style office, this suite offers a straightforward, professional footprint with multiple private offices and basic in-suite amenities. It is well suited for firms that need individual offices alongside a reception-style entry, including consulting, administrative, or other service-oriented businesses looking for an office that can operate from day one.
The property is located at 517 S 22nd Avenue in Bozeman, Montana, within Gallatin County. It sits in an established professional condo setting and is positioned on Bozeman’s commercial corridor, with proximity to local business hubs and Montana State University mentioned in the remarks.
For buyers seeking low-maintenance ownership in a condo-style office, this suite offers a straightforward, professional footprint with multiple private offices and basic in-suite amenities. It is well suited for firms that need individual offices alongside a reception-style entry, including consulting, administrative, or other service-oriented businesses looking for an office that can operate from day one.
Key Highlights
- Commercial condo in Bridger Professional Condos, built in 1994
- 1,386 SF office suite with a welcoming entry area and dedicated kitchenette
- Layout includes four private offices plus space for professional service use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,389
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,780
$407.8K
Cap Rate 7%
$291,271
$291.3K
Cap Rate 9%
$226,544
$226.5K
Market Conditions
NOI Build-Up for 1,386 SF
Gross rent
$29.1K $21.00/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$27.2K $19.61/SF
− OpEx
−$6.8K −$4.90/SF
NOI
$20.4K $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%
$407,780
Cap Rate 7%
$291,271
Cap Rate 9%
$226,544
Alternative Uses
Best Use
Office B
$291.3K
$254.9K – $339.8K
NOI $20,389 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.9K
$316.7K – $422.2K
NOI $25,334 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,130
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
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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 units - Office condo includes four private offices, entry area, and kitchenette for professional service use.
Where is this office units located?
The property is located at 517 S 22nd Avenue 4 Bozeman, MT.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Commercial condo in Bridger Professional Condos, built in 1994; 1,386 SF office suite with a welcoming entry area and dedicated kitchenette; Layout includes four private offices plus space for professional service use
