Listing Agency: Starner Commercial Real Estate t**@starnercommercial.com Show Phone

Listed By: Sunny Odegard · License #BRO-63608 Show Phone

Source: Exprealty

Added: Mar 3 Changed: Oct 5 Last Checked: Oct 21 at 2:00AM

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Investment Insights

Based on property information with market context.

This industrial/warehouse flex unit offers a versatile interior layout with functional office space. Unit D includes a large overhead drive-in door, generous ceiling height, one full bathroom, and mezzanine storage designed for additional organization.

Located in Bozeman’s Woodlands Park area, the property provides convenient access to downtown Bozeman and Four Corners, with proximity to complementary businesses.

Ideal for an owner-user or investor seeking a flexible small-bay commercial space, the unit’s mix of warehouse area, office, and mezzanine supports a range of light industrial and storage-oriented uses.

Key Highlights

• Spacious 1,785 ± SF industrial/warehouse unit in Bozeman’s Woodlands Park area (Unit D)
• Includes a large overhead drive‑in door for easy loading and unloading
• Generous ceiling height for warehouse functionality

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,508

Cap Rate

4.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$450,160 $450.2K

Cap Rate 7%

$321,543 $321.5K

Cap Rate 9%

$250,089 $250.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,785 SF

Gross rent

$26.8K $15.00/SF

− Vacancy

−$295 −$0.17/SF

EGI

$26.5K $14.83/SF

− OpEx

−$4.0K −$2.23/SF

NOI

$22.5K $12.61/SF

Area

Gallatin County, MT

Vacancy

1.10%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$450,160

Cap Rate 7%

$321,543

Cap Rate 9%

$250,089

Alternative Uses

Best Use

Warehouse

$321.5K

$281.4K – $375.1K (±1% cap)

NOI $22,508 @ 7.0% cap · market cap 4.25%

Second Best

Flex RnD

$310.2K

$271.5K – $362.0K (±1% cap)

NOI $21,717 @ 7.0% cap · market cap 4.11%

Theoretical Best

Office A

$466.1K

$407.8K – $543.8K (±1% cap)

NOI $32,627 @ 7.0% cap · market cap 6.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Plumbing Service Hair Salon (Bike/Boat/Book/etc) 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

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

145

Businesses Nearby

Well-served

Demand for This Use

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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Versatile industrial/warehouse unit includes a drive-in overhead door, office space, and mezzanine storage.

Where is this flex space located?

The property is located at D-22 W Haley Springs Rd Bozeman, MT.

What is the asking price?

The asking price for this property is $529,000.

What are key features of this property?

This property features: Spacious 1,785 ± SF industrial/warehouse unit in Bozeman’s Woodlands Park area (Unit D); Includes a large overhead drive‑in door for easy loading and unloading; Generous ceiling height for warehouse functionality