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    5 Mendenhall Street Suite 202 Bozeman, MT 59715

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    For Lease
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    Flexible office and coworking spaces in downtown Bozeman.

    Type:Office
    Added:
    Mar 27, 2025
    Days on Market:
    389
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 5 Mendenhall Street Suite 202

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 5 Mendenhall Street Suite 202 Contact us

    Virtual office $75 /Mo

    Size
    Type
    Office
    Total Monthly Rent: 205
    Contact us

    Flexible coworking membership $93 /Mo

    Size
    Type
    Office
    Total Monthly Rent: 129
    Contact us

    Flexible office membership $207 /Mo

    Size
    Type
    Office
    Total Monthly Rent: 235
    Contact us

    Coworking space $358 /Mo

    Size
    Type
    Office
    Total Monthly Rent: 399
    Contact us

    Private office for 1 person $783 /Mo

    Size
    Type
    Office
    Total Monthly Rent: 619
    Contact us

    Private office for 2 people $1,076 /Mo

    Size
    Type
    Office
    Total Monthly Rent: 959
    Contact us

    Private office for 3 people $1,538 /Mo

    Size
    Type
    Office
    Total Monthly Rent: 1329
    Contact us

    Private office for 4 people $1,567 /Mo

    Size
    Type
    Office
    Total Monthly Rent: 1929
    Contact us

    Private office for 5 people $2,341 /Mo

    Size
    Type
    Office
    Total Monthly Rent: price not available
    Contact us
    Show more

    We can help!

    Listing Contact
    Regus 2 US Admin

    Listing agent Regus 2 US Admin License #FLBO

    Listing office Regus

    Listing date Mar 27, 2025

    Source Crexi

    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 Regus

    Overview

    Bozeman Flexible Workspace Solutions

    This property offers a global network of workspaces designed to accommodate various work styles and needs. Tailored office spaces are available, ranging from individual desks to accommodations for companies with 100 or more employees. The location provides professional, collaborative workspaces with services designed to allow teams to concentrate on their core business functions. Options include private, fully furnished, and equipped offices suitable for one person or an entire company, with customization available. A benefits program offers exclusive discounts and procurement support. Coworking options provide a sociable environment in shared office spaces or open-plan areas, with options for reserved spaces or hot desks. Meeting rooms are available in various sizes, suitable for informal chats, presentations, training sessions, interviews, board meetings, or conferences, with access to Wi-Fi and equipment. Virtual office options provide business addresses in prime locations, mail handling, and a virtual assistant. Flexible working plans offer access to business lounges in city centers, airports, and stations, with options for private offices or coworking spaces for a set number of days per month. Located in downtown Bozeman, at the corner of Tracy and Mendenhall, this visible site is in a vibrant hub of mixed-use space with storefronts, restaurants, residential living, and other conveniences. Trails and parks are nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Johnson + Associates Architects, ... Architect Collaborative Mental Health Crisis Center Jay S. Oddy ... Real Estate Agency 5 West Condominium Complex Montana Elder Law ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.0368913
    Latitude
    45.680503

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    FAQs

    What type of property is this?
    Coworking space - Flexible office and coworking spaces in downtown Bozeman.
    Where is this coworking space located?
    The property is located at 5 Mendenhall Street Suite 202 Bozeman, MT.
    What is the lease rate?
    The lease rate is $75 SF/Yr.
    What are key features of this property?
    This property features: Flexible Office Solutions: **Tailor‑made office spaces** from individual desks to large setups.; Prime Bozeman Location: Situated in a vibrant mixed‑use hub in downtown Bozeman, offering high visibility and proximity to restaurants, residential living, and other conveniences.; Global Network: Access over 3000 locations and 100,000+ offices worldwide.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Regus 2 US Admin
    Real Estate License ID: FLBO
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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