Mixed-Use Property with
For Sale
$899,990
522 W Main, Bozeman, MT 59715
Two-level configuration combines private offices, open work areas, upper-floor rooms, and on-site parking.
Property Size2,392 SF
Price / SF$376.25
Days on Market91
Property Features for 522 W Main
General Information
Standard status
Active
Size
2,392 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
B2
Taxes and HOA fees
Annual Taxes
$6,616
Building Details
Building Size
2,392 SF
Year Built
1900
Listing Agency:
Twite Realty Corp
(406) 579-1989
Listed By:
Ethan Stokes · License #RBS-130029
(406) 579-1989
Source:
Outlaw
Added: Jun 1
Changed: Aug 29
Last Checked: Aug 30 at 1:18PM
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 Twite Realty Corp
Investment Insights
Based on property information with market context.
This 2,392-square-foot mixed-use property at 522 W Main includes office and live-work features across two levels. The main floor contains three private offices, a full bathroom, and two open work areas that can accommodate reception, meetings, or additional workstations. The upper level adds rooms, another full bathroom, and a separate rear entrance, supporting residential occupancy or an expanded office arrangement. An unfinished basement provides storage space.
The property is zoned B-2 and was built in 1900. Parking includes three front driveway spaces, an oversized drive-through garage with alley access, and three more spaces within the fenced rear yard. Its setting near downtown retail, dining, and transportation adds convenient access for commercial or mixed-use operations.
The property is zoned B-2 and was built in 1900. Parking includes three front driveway spaces, an oversized drive-through garage with alley access, and three more spaces within the fenced rear yard. Its setting near downtown retail, dining, and transportation adds convenient access for commercial or mixed-use operations.
Key Highlights
- 2,392 SF mixed‑use property at 522 W Main
- B‑2 zoning with live‑work and office configuration
- Main level includes 3 private offices, a full bathroom, and 2 open workspaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,188
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,760
$703.8K
Cap Rate 7%
$502,686
$502.7K
Cap Rate 9%
$390,978
$391.0K
Market Conditions
NOI Build-Up for 2,392 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.2K $21.00/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$46.9K $19.61/SF
− OpEx
−$11.7K −$4.90/SF
NOI
$35.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,760
Cap Rate 7%
$502,686
Cap Rate 9%
$390,978
Alternative Uses
Best Use
Office B
$502.7K
$439.9K – $586.5K
NOI $35,188 @ 7.0% cap · market cap 3.91%
Second Best
Mixed Use
$470.0K
$411.3K – $548.4K
NOI $32,902 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$624.6K
$546.5K – $728.7K
NOI $43,722 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,844
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines private offices, open work areas, upper-floor rooms, and on-site parking.
Where is this mixed-use property located?
The property is located at 522 W Main Bozeman, MT.
What is the asking price?
The asking price for this property is $899,990.
What are key features of this property?
This property features: 2,392 SF mixed‑use property at 522 W Main; B‑2 zoning with live‑work and office configuration; Main level includes 3 private offices, a full bathroom, and 2 open workspaces
