Historic Warehouse with Rooftop
625 E Tamarack, Bozeman, MT 59715
For Sale
New
$1,250,000
CommercialSale, Bozeman, MT
Property Size8,976 SF
Lot Size0.14 Acres
Price / SF$139.26
Days on Market2
Property Features for 625 E Tamarack
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
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Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Listing Agency:
Keller Williams Montana Realty · Keller Williams Realty
(406) 522-7000
Listed By:
JoAnna Kraft · License MT RRE-RBS-LIC-62281
(406) 451-6865
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 416033
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.
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Investment Insights
Based on property information with market context.
Built in 1885, this 8,976-square-foot warehouse rises 2.5 stories above a stone foundation. The wood-frame building retains horizontal siding, former rail-facing loading openings, a rooftop cupola, and a ghost sign. It occupies Lots 5–7, Block 103, and is being offered as-is; extensive rehabilitation is required.
The property stands at E Tamarack and Front St, across from the historic Northern Pacific Passenger Depot. It is a documented contributing structure within the National Register-listed Northern Pacific/Story Mill Historic District. M1 zoning applies, and City of Bozeman historic review requirements and permitted uses should be verified.
The property stands at E Tamarack and Front St, across from the historic Northern Pacific Passenger Depot. It is a documented contributing structure within the National Register-listed Northern Pacific/Story Mill Historic District. M1 zoning applies, and City of Bozeman historic review requirements and permitted uses should be verified.
Key Highlights
- 8,976‑square‑foot warehouse on Lots 5–7, Block 103
- Built in 1885; 2.5 stories with a stone foundation
- Documented contributing building in the National Register‑listed Northern Pacific/Story Mill Historic District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,185
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,263,700
$2.3M
Cap Rate 7%
$1,616,929
$1.6M
Cap Rate 9%
$1,257,611
$1.3M
Market Conditions
NOI Build-Up for 8,976 SF
Gross rent
$134.6K $15.00/SF
− Vacancy
−$1.5K −$0.17/SF
EGI
$133.2K $14.83/SF
− OpEx
−$20.0K −$2.23/SF
NOI
$113.2K $12.61/SF
Area
Gallatin County, MT
Vacancy
1.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,263,700
Cap Rate 7%
$1,616,929
Cap Rate 9%
$1,257,611
Alternative Uses
Best Use
Warehouse
$1.62M
$1.41M – $1.89M
NOI $113,185 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $164,067 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Well-served
Demand for This Use
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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
$755,300
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Bozeman, MT
Properties on Market for Warehouses in Bozeman
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- AG Depot — 24 N Wallace Ave, Bozeman, MT 59715
- MPS — 805 N Ida Ave, Bozeman, MT 59715
- A-1 Security Storage — 1623 N Rouse Ave, Bozeman, MT 59715
- Mr. T's Towing & Repair — 411 Bond St, Bozeman, MT 59715
- Osterman's Mini Warehouses — 1800 N Rouse Ave, Bozeman, MT 59715
Frequently Asked Questions
What type of property is this?
Warehouse - M1 zoning and documented historic-district status frame the property's rehabilitation and review context.
Where is this warehouse located?
The property is located at 625 E Tamarack Bozeman, MT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8,976‑square‑foot warehouse on Lots 5–7, Block 103; Built in 1885; 2.5 stories with a stone foundation; Documented contributing building in the National Register‑listed Northern Pacific/Story Mill Historic District
