Building Details

Year built 1999

Listing Agency: Starner Commercial Real Estate i***@genecookrealestate.com Show Phone

Listed By: Tom Starner · License #BRO-12265 Show Phone

Added: Oct 27 Changed: Oct 30 Last Checked: Oct 30 at 8:06PM

Report an Issue

MLS# 415569

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 8,274-square-foot office building contains three separate suites and was built in 1999. All three suites are leased, and one tenant is willing to vacate early to accommodate a buyer seeking to occupy part of the building. The property sits on 0.651 acres.

Access is from S 20th Avenue, with additional street parking along 20th. The location is near the College Avenue and 19th Avenue intersection and its traffic signal. The site is in Bozeman, Montana.

Key Highlights

• Three separate office suites; all are leased
• 8,274 square feet on 0.651 acres
• Built in 1999

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Kasting Kauffman & Mersen ... Law Firm Mersen, Jane Law Firm John M. Kauffman Law Firm Munson Dennis L Law Firm Peak Property Management Property Management Company

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Building Supply Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Office units

100%

Occupancy

Multi-tenant

Tenancy

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Similar For Sale Nearby

See more

Office Building with Private Offices

Bozeman, MT 59715

$2,542,000

7,263 SF

View details

Two-Story Office Building

243 Pegasus Drive, Bozeman, MT 59718

$2,500,000

10,104 SF

View details

Office Building with Paved Parking

125 W Mendenhall, Bozeman, MT 59715

$3,500,000

14,000 SF

View details

Three-Story Office Building

1315 E Main Street, Bozeman, MT 59715

$1,900,000

5,616 SF

View details

Mixed-Use Property with Apartments

301 Evergreen Dr Unit C & D, Bozeman, MT 59715

$2,775,000

View details

Updated Two-Level Office Building

504 W Main Street, Bozeman, MT 59715

$1,350,000

3,783 SF

View details

Historic Office and Retail Building

612 East Main Street, Bozeman, MT 59715

$13,750,000

20,000 SF

View details

Historic Office-Retail Building

533 E Mendenhall Street, Bozeman, MT 59715

$1,290,000

1,267 SF

View details

Leased Multi-Story Office Building

77 Discovery Drive, Bozeman, MT 59715

$12,100,000

34,304 SF

View details

Four-Suite Office Building

161 Enterprise Boulevard, 102, Bozeman, MT 59718

Contact for pricing

3,735 SF

View details

Two-Suite Lab and Office Building

1805 S 22ND Avenue, Bozeman, MT 59718

$1,865,000

7,853 SF

View details

Remodeled Multi-Tenant Office Building

2005 Gilkerson, Bozeman, MT 59715

$2,250,000

9,500 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - Currently leased office suites offer a potential owner-occupancy option within the existing tenant arrangement.

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 separate office suites; all are leased; 8,274 square feet on 0.651 acres; Built in 1999