Mixed-Use Property with Development
81211 Gallatin Rd, Bozeman, MT 59718
For Sale
Contact for pricing
Five condominium units are fully leased, with a second parcel entitled for an additional building.
Property Size33,400 SF
Lot Size2.78 Acres
Price / SF$296.41
Days on Market32
Property Features for 81211 Gallatin Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Property Use
Building Details
Building Size
Tenancy
Listing Agency:
McCaw, Devries, Steinhauer & Company Real
Listed By:
Evan McCaw · License #Montana RB- 11108
(406) 581-2213
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 2:49PM
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 McCaw, Devries, Steinhauer & Company Real
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Investment Insights
Based on property information with market context.
The property comprises five condominium units totaling 33,400 square feet on two parcels spanning 2.777 acres. All units are leased. One parcel is improved; the other is vacant and entitled for an additional 11,518-square-foot building, subject to confirmation of current permits and entitlements. The reported cap rate is 7.74% for the existing building and development parcel.
The site has 337 feet of frontage along US Highway 191 South, a major route serving Bozeman and the Gallatin Valley. It sits less than one mile south of the Four Corners intersection.
The site has 337 feet of frontage along US Highway 191 South, a major route serving Bozeman and the Gallatin Valley. It sits less than one mile south of the Four Corners intersection.
Key Highlights
- 33,400‑square‑foot property comprising five condominium units
- 100% leased occupancy
- 2.777 acres across two parcels, including one vacant parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$459,417
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,188,340
$9.2M
Cap Rate 7%
$6,563,100
$6.6M
Cap Rate 9%
$5,104,633
$5.1M
Market Conditions
NOI Build-Up for 33,400 SF
Gross rent
$801.6K $24.00/SF
− Vacancy
−$66.5K −$1.99/SF
EGI
$735.1K $22.01/SF
− OpEx
−$275.7K −$8.25/SF
NOI
$459.4K $13.76/SF
Area
Gallatin County, MT
Vacancy
8.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,188,340
Cap Rate 7%
$6,563,100
Cap Rate 9%
$5,104,633
Alternative Uses
Best Use
Mixed Use
$6.56M
$5.74M – $7.66M
NOI $459,417 @ 7.0% cap · market cap 4.64%
Second Best
Warehouse
$6.02M
$5.26M – $7.02M
NOI $421,166 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$8.72M
$7.63M – $10.17M
NOI $610,499 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five condominium units are fully leased, with a second parcel entitled for an additional building.
Where is this mixed-use property located?
The property is located at 81211 Gallatin Rd Bozeman, MT.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: 33,400‑square‑foot property comprising five condominium units; 100% leased occupancy; 2.777 acres across two parcels, including one vacant parcel
