Office Unit with Private
For Sale
$380,000
517 S 22nd Avenue, Bozeman, MT 59718
CommercialSale, Bozeman, MT
Property Size1,386 SF
Price / SF$274.17
Days on Market182
Property Features for 517 S 22nd Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Call Listing Agent for Details
Directions
North on S 19th Avenue, left on W. Dickerson Street, building on left.
Subdivision
1SM - Boz Main to Kagy
Standard status
Active
APN
RGG33172
Size
1,386 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BRIDGER PROFESSIONAL CONDO, S11, T02 S, R05 E, UNIT 4
Tax Annual Amount
3807
HOA Fee
$186 Monthly
Legal Description
BRIDGER PROFESSIONAL CONDO, S11, T02 S, R05 E, UNIT 4
Utilities
Water source
Public
Building Details
Year built
1994
Listing Agency:
Bozeman Real Estate Group
(406) 587-1717
Listed By:
Matthew Ryan · License #RBS-88969
(406) 579-4432
Added: Apr 17
Changed: Oct 14
Last Checked: Oct 15 at 12:06PM
MLS# 410382
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.
This commercial condominium office suite provides 1,386 square feet of workspace within Bridger Professional Condos. The layout includes four private offices, an entry area, and a dedicated kitchenette, offering a defined setup for professional office operations. The property was built in 1994 and is served by public water.
Located at 517 S 22nd Avenue Unit 4 in Bozeman, Montana, the office is positioned within an established commercial corridor in Gallatin County. The property information also identifies proximity to Montana State University and key business hubs, with access to Bozeman’s professional office market.
Located at 517 S 22nd Avenue Unit 4 in Bozeman, Montana, the office is positioned within an established commercial corridor in Gallatin County. The property information also identifies proximity to Montana State University and key business hubs, with access to Bozeman’s professional office market.
Key Highlights
- 1,386‑square‑foot commercial condominium office suite
- Four private offices plus an entry area
- Dedicated kitchenette included
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,301
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Commercial condominium office suite with four private offices, an entry area, and a dedicated kitchenette.
Where is this office units located?
The property is located at 517 S 22nd Avenue 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: 1,386‑square‑foot commercial condominium office suite; Four private offices plus an entry area; Dedicated kitchenette included
