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    351 Evergreen Dr Bozeman, MT 59715

    Sponsored
    For Sale
    $2,300,000

    Partially Leased, High NOI, Owner-User Ideal

    Property size:
    7,805 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single-story, 7,805-square-foot Class B office building in Bozeman, Montana, situated on a 0.818-acre lot at 351 Evergreen Drive, 59715. The property, built in 2017 and zoned M2, features two suites. Suite A, approximately 4,045 square feet, is currently vacant and offers multiple offices, a conference room, restrooms, and break areas. Suite B, comprising approximately 3,760 square feet, includes lab space, offices, restrooms, and a break room. Suite B is under a triple-net (NNN) lease expiring September 30, 2027, generating an annual net operating income (NOI) of $75,192 at a rate of $20 per square foot. The building boasts 24 parking stalls and enjoys convenient access to Interstate 90 and downtown Bozeman, approximately 2.3 miles away. This owner-user opportunity allows for immediate occupancy of the vacant suite while benefiting from existing rental income. The property's strategic location and quality construction make it an attractive investment for those seeking a blend of open workspace and dedicated offices. The asking price is $2,300,000. The property's parcel number (APN) is 000RGG1183.

    Property Features for 351 Evergreen Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,805 SF
    Class
    B
    Lot Size
    35,632 SF

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    1

    HighLights

    • 2.3 miles from downtown Bozeman.
    • 0.33 miles from the I‑90/N 7th Ave Interchange.
    • Quality construction.
    • 24 dedicated parking stalls.
    • Owner‑user opportunity: occupy vacant suite while receiving rental income from existing tenant.
    • Mix of open workspace and private offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warriors & Quiet Waters ... Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.0418464
    Latitude
    45.696938

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    FAQs

    What type of property is this?
    Office Property / Space - Partially Leased, High NOI, Owner-User Ideal
    Where is this office property / space located?
    The property is located at 351 Evergreen Dr Bozeman, MT.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 2.3 miles from downtown Bozeman.; 0.33 miles from the I-90/N 7th Ave Interchange.; Quality construction.
    Request Owner's contact information
    351 Evergreen Dr Bozeman, MT 59715
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    Realmo Value Estimation

    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.

    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.

    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
    351 Evergreen Dr Bozeman, MT 59715
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