Mixed-Use Property with Office
Bozeman, MT 59718, Bozeman, MT 59718
For Sale
$950,000
CommercialSale, Bozeman, MT
Property Size3,954 SF
Lot Size0.21 Acres
Price / SF$240.26
Days on Market30
Property Features
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Listing Agency:
Berkshire Hathaway - Bozeman · Berkshire Hathaway HomeServices
(406) 586-7676
Listed By:
Dennis Erickson · License MT RRE-BRO-LIC-7271
(406) 579-8967
Added: Oct 15
Changed: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# 415971
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.
Investment Insights
Based on property information with market context.
This 3,954-square-foot mixed-use property contains four units: three office spaces and a basement apartment with two bedrooms. Built in 1962, the building sits on a 0.2142-acre parcel and is zoned B-2M. Public water and sewer serve the property; heating is by baseboard, while cooling varies by unit.
The property is on South 19th Avenue in Bozeman, near Montana State University.
The property is on South 19th Avenue in Bozeman, near Montana State University.
Key Highlights
- Four units: three office spaces and one basement two‑bedroom apartment
- 3,954 square feet on 0.2142 acres
- B‑2M zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,387
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,740
$1.1M
Cap Rate 7%
$776,957
$777.0K
Cap Rate 9%
$604,300
$604.3K
Market Conditions
NOI Build-Up for 3,954 SF
Gross rent
$94.9K $24.00/SF
− Vacancy
−$7.9K −$1.99/SF
EGI
$87.0K $22.01/SF
− OpEx
−$32.6K −$8.25/SF
NOI
$54.4K $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%
$1,087,740
Cap Rate 7%
$776,957
Cap Rate 9%
$604,300
Alternative Uses
Best Use
Mixed Use
$777.0K
$679.8K – $906.5K
NOI $54,387 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$903.4K – $1.20M
NOI $72,273 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four units include three office spaces and a basement apartment, with B-2M zoning.
Where is this mixed-use property located?
The property is located at Bozeman, MT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four units: three office spaces and one basement two‑bedroom apartment; 3,954 square feet on 0.2142 acres; B‑2M zoning
