Retail Space with Commercial
For Sale
$849,000
6-2405 W Main St, Bozeman, MT 59715
Light-filled commercial suite with approved kitchen equipment, on-site parking, and a flexible interior layout.
Property Size1,754 SF
Price / SF$484.04
Days on Market10
Property Features for 6-2405 W Main St
General Information
Standard status
Active
Size
1,754 SF
Taxes and HOA fees
Annual Taxes
$3,236
Listing Agency:
Berkshire Hathaway - Bozeman
(406) 586-7676
Listed By:
DeeAnn Bos
(406) 580-7919
Source:
Exprealty
Added: Sep 10
Changed: Sep 18
Last Checked: Sep 19 at 2:17PM
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 Berkshire Hathaway - Bozeman
Investment Insights
Based on property information with market context.
This retail space combines a showroom-style environment with a professionally equipped commercial kitchen. The interior includes abundant natural light, quality finishes, generous cabinetry, and storage. Kitchen equipment includes a freestanding convection oven, gas range and oven, commercial dishwasher, refrigerator, freezer, microwave/convection/air-fryer unit, and commercial range hood. The kitchen has been approved by Gallatin County.
Additional improvements include wired-in sound, a ceiling-mounted camera for projection, and a monitored security system. On-site parking supports customer, client, and staff access. The flexible layout is suited to retail, restaurant or café use, specialty food operations, cooking classes, culinary demonstrations, showroom functions, studio use, or professional office space. The property is located at 6-2405 W Main St in Bozeman, Montana.
Additional improvements include wired-in sound, a ceiling-mounted camera for projection, and a monitored security system. On-site parking supports customer, client, and staff access. The flexible layout is suited to retail, restaurant or café use, specialty food operations, cooking classes, culinary demonstrations, showroom functions, studio use, or professional office space. The property is located at 6-2405 W Main St in Bozeman, Montana.
Key Highlights
- Commercial kitchen approved by Gallatin County
- Freestanding convection oven and gas range/oven
- Commercial dishwasher, refrigerator, freezer, and range hood
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
$24,623
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
2.90%
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%
$492,460
$492.5K
Cap Rate 7%
$351,757
$351.8K
Cap Rate 9%
$273,589
$273.6K
Market Conditions
NOI Build-Up for 1,754 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
$35.2K $20.04/SF
− Vacancy
−$2.3K −$1.32/SF
EGI
$32.8K $18.72/SF
− OpEx
−$8.2K −$4.68/SF
NOI
$24.6K $14.04/SF
Area
Gallatin County, MT
Vacancy
6.60%
Lease Rate
$20.04 /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%
$492,460
Cap Rate 7%
$351,757
Cap Rate 9%
$273,589
Alternative Uses
Best Use
Specialty Retail
$351.8K
$307.8K – $410.4K
NOI $24,623 @ 7.0% cap · market cap 2.90%
Second Best
Retail
$293.6K
$256.9K – $342.6K
NOI $20,553 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$458.0K
$400.8K – $534.3K
NOI $32,060 @ 7.0% cap · market cap 3.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,170
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Hotels & Casinos 25%
Dining 17%
Apparel 11%
Kimpton Armory Hotel Bozeman
Hotels & Casinos
12,269 visits/mo
0.1 miles
MacKenzie River Pizza Co.
Dining
8,194 visits/mo
0.2 miles
Conoco
Shops & Services
7,236 visits/mo
0.5 miles
Fjallraven
Apparel
6,477 visits/mo
0.0 miles
Owenhouse Ace Hardware
Home Improvements & Furnishings
6,198 visits/mo
0.0 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Light-filled commercial suite with approved kitchen equipment, on-site parking, and a flexible interior layout.
Where is this retail space located?
The property is located at 6-2405 W Main St Bozeman, MT.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Commercial kitchen approved by Gallatin County; Freestanding convection oven and gas range/oven; Commercial dishwasher, refrigerator, freezer, and range hood
