Historic Warehouse and
New
For Sale
$1,950,000
704 Front Street & 725 E Cottonwood Street, Bozeman, MT 59715
Two separately deeded parcels combine a historic warehouse with leased residential space in the NEHMU zoning district.
Property Size4,875 SF
Lot Size0.43 Acres
Price / SF$148.29
Days on Market2
Property Features for 704 Front Street & 725 E Cottonwood Street
General Information
Standard status
Active
Size
4,875 SF
Lot size
0.43 Acres
Property subtype
Commercial
Zoning
NEHMU
Additional Details
Warehouse Space
4,875 SF
Tenant in Place
Yes
Property Use
Warehouse
Building Details
Buildings
1
Building Size
4,875 SF
Listing Agency:
Charter Realty & Development
Listed By:
Andrew Inches · License #andrewinches
(406) 581-6595
Source:
Mymthouse
Added: Oct 23
Last Checked: Oct 23 at 3:42AM
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 Charter Realty & Development
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property comprises two separately deeded parcels with a historic 4,875-square-foot warehouse and a renovated duplex. The duplex is fully leased, while the warehouse has a month-to-month lease. The properties are within Bozeman’s Northeast Historic Mixed-Use (NEHMU) zoning district; residential, retail, restaurant, office, and mixed-use development are identified as potential uses subject to applicable regulations and approvals.
The parcels are at 704 Front Street and 725 E. Cottonwood Street in Bozeman. Neighborhood destinations named nearby include Wild Crumb Bakery, Treeline Coffee, and Fink's Delicatessen, with Downtown Bozeman also close by.
The parcels are at 704 Front Street and 725 E. Cottonwood Street in Bozeman. Neighborhood destinations named nearby include Wild Crumb Bakery, Treeline Coffee, and Fink's Delicatessen, with Downtown Bozeman also close by.
Key Highlights
- Historic warehouse contains 4,875 SF
- Two separately deeded parcels at 704 Front Street and 725 E. Cottonwood Street
- Renovated duplex is fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,818
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,316,360
$3.3M
Cap Rate 7%
$2,368,829
$2.4M
Cap Rate 9%
$1,842,422
$1.8M
Market Conditions
NOI Build-Up for 13,150 SF
Gross rent
$197.3K $15.00/SF
− Vacancy
−$2.2K −$0.17/SF
EGI
$195.1K $14.83/SF
− OpEx
−$29.3K −$2.23/SF
NOI
$165.8K $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%
$3,316,360
Cap Rate 7%
$2,368,829
Cap Rate 9%
$1,842,422
Alternative Uses
Best Use
Mixed Use
$2.58M
$2.26M – $3.01M
NOI $180,878 @ 7.0% cap · market cap 9.28%
Second Best
Warehouse
$2.37M
$2.07M – $2.76M
NOI $165,818 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$3.43M
$3.00M – $4.01M
NOI $240,361 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,504
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separately deeded parcels combine a historic warehouse with leased residential space in the NEHMU zoning district.
Where is this mixed-use property located?
The property is located at 704 Front Street & 725 E Cottonwood Street Bozeman, MT.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Historic warehouse contains 4,875 SF; Two separately deeded parcels at 704 Front Street and 725 E. Cottonwood Street; Renovated duplex is fully leased
