Automotive Garage
New
For Sale
$810,000
TBD Leader Lane EB4, Bozeman, MT 59718
Bozeman, MT
Property Size2,000 SF
Price / SF$405
Days on Market5
Property Features for TBD Leader Lane EB4
General Information
Property type
Commercial Sale
Property subtype
Condominium
Bathrooms
1
Full bathrooms
1
Subdivision
Panther Park
Standard status
Active
Size
2,000 SF
Amenities
Members' Club & Lounge
vehicle maintenance & detailing facility
asset management
logistic concierge
fire suppression system
finished restroom
finished flooring with internal floor drains
high-efficiency LED lighting
individual mailing address
commercial garage doors
integrated mezzanine levels
150-amp individually metered electrical service
Building Details
Year built
2026
Listing Agency:
Engel & Volkers Bozeman · Engel & Völkers
(406) 404-1960
Listed By:
PollyAnna Snyder
(406) 600-2477
Added: Sep 28
Changed: Sep 29
Last Checked: Oct 2 at 8:06AM
MLS# 408481
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,000-square-foot garage condominium is designed for vehicle and equipment storage, with 17–22-foot ceiling heights and an integrated mezzanine level, depending on plan. The space includes 150-amp individually metered electrical service, a finished restroom, finished flooring with internal drains, LED lighting, commercial garage doors, and fire suppression. Owners can customize interiors for vehicle lifts, work areas, offices, or display space.
The Bozeman property provides climate-controlled conditions and 24/7 access. Shared facilities and services include a members’ clubhouse and lounge, vehicle maintenance and detailing, asset management, storage management, seasonal preparation, and logistics support. The offering combines deeded real estate ownership with access to common club spaces and on-site support.
The Bozeman property provides climate-controlled conditions and 24/7 access. Shared facilities and services include a members’ clubhouse and lounge, vehicle maintenance and detailing, asset management, storage management, seasonal preparation, and logistics support. The offering combines deeded real estate ownership with access to common club spaces and on-site support.
Key Highlights
- 2,000 square feet with 17–22‑foot ceiling heights
- 150‑amp individually metered electrical service
- Climate‑controlled environment with 24/7 access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,220
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,400
$504.4K
Cap Rate 7%
$360,286
$360.3K
Cap Rate 9%
$280,222
$280.2K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.0K $15.00/SF
− Vacancy
−$330 −$0.17/SF
EGI
$29.7K $14.83/SF
− OpEx
−$4.5K −$2.23/SF
NOI
$25.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,400
Cap Rate 7%
$360,286
Cap Rate 9%
$280,222
Alternative Uses
Best Use
Warehouse
$360.3K
$315.3K – $420.3K
NOI $25,220 @ 7.0% cap · market cap 3.11%
Second Best
Retail
$334.8K
$293.0K – $390.6K
NOI $23,436 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
22 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
20
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Automotive property - Individually owned garage space includes climate control, 24/7 access, and shared club amenities.
Where is this automotive property located?
The property is located at TBD Leader Lane EB4 Bozeman, MT.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: 2,000 square feet with 17–22‑foot ceiling heights; 150‑amp individually metered electrical service; Climate‑controlled environment with 24/7 access
