Multi-Suite Office
716 S 20th Avenue, Bozeman, MT 59718
For Sale
$2,950,000
Three occupied suites provide existing tenancy, with one tenant open to an earlier departure for partial owner occupancy.
Property Size8,274 SF
Price / SF$356.54
Days on Market11
Property Features for 716 S 20th Avenue
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Road Access
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Starner Commercial Real Estate
(406) 586-0302
Listed By:
Tom Starner · License #BRO-12265
(406) 539-0717
Source:
Outlaw
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 8 at 4:16AM
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 Starner Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1999, this 8,274-square-foot office property is arranged as three separate suites, all currently leased. One tenant is willing to leave before the lease ends, creating an option for an owner to occupy part of the building. The property is zoned B1.
Access is from S 20th Avenue, near the College Avenue and 19th Avenue intersection and its traffic signal. A dedicated parking lot serves the building, with additional street parking along S 20th Avenue.
Access is from S 20th Avenue, near the College Avenue and 19th Avenue intersection and its traffic signal. A dedicated parking lot serves the building, with additional street parking along S 20th Avenue.
Key Highlights
- Three office suites; all are currently leased
- 8,274 square feet; built in 1999
- One tenant is willing to vacate early for partial owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,715
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,434,300
$2.4M
Cap Rate 7%
$1,738,786
$1.7M
Cap Rate 9%
$1,352,389
$1.4M
Market Conditions
NOI Build-Up for 8,274 SF
Gross rent
$173.8K $21.00/SF
− Vacancy
−$11.5K −$1.39/SF
EGI
$162.3K $19.61/SF
− OpEx
−$40.6K −$4.90/SF
NOI
$121.7K $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%
$2,434,300
Cap Rate 7%
$1,738,786
Cap Rate 9%
$1,352,389
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,715 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,235 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,267
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Three occupied suites provide existing tenancy, with one tenant open to an earlier departure for partial owner occupancy.
Where is this office building located?
The property is located at 716 S 20th Avenue Bozeman, MT.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Three office suites; all are currently leased; 8,274 square feet; built in 1999; One tenant is willing to vacate early for partial owner occupancy
