Office Unit with Bullpen
For Sale
$518,500
F2-1805 S 22nd Ave, Bozeman, MT 59718
Configured with open work areas, private offices, and two restrooms.
Property Size2,161 SF
Price / SF$239.94
Days on Market59
Property Features for F2-1805 S 22nd Ave
General Information
Standard status
Active
Size
2,161 SF
Taxes and HOA fees
Annual Taxes
$6,457
Listing Agency:
NAI Landmark
(406) 556-5005
Listed By:
Kasey Harte · License #RRE-RBS-LIC-11508
(406) 570-9031
Source:
Exprealty
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 30 at 7:19PM
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 NAI Landmark
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 2,161-square-foot office unit provides a balanced mix of collaborative and private workspace, with two open bullpen areas and three enclosed offices. The layout also includes two restrooms, each fitted with one toilet and one sink.
Interior improvements include carpet tile and tile flooring, finished drywall walls, and acoustic tile ceilings. The unit was previously occupied by the Internal Revenue Service, providing an established office configuration for continued professional use.
Interior improvements include carpet tile and tile flooring, finished drywall walls, and acoustic tile ceilings. The unit was previously occupied by the Internal Revenue Service, providing an established office configuration for continued professional use.
Key Highlights
- 2,161‑square‑foot office unit
- Two open bullpen areas support collaborative workspace
- Three private offices included in the layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,789
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,780
$635.8K
Cap Rate 7%
$454,129
$454.1K
Cap Rate 9%
$353,211
$353.2K
Market Conditions
NOI Build-Up for 2,161 SF
Gross rent
$45.4K $21.00/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$42.4K $19.61/SF
− OpEx
−$10.6K −$4.90/SF
NOI
$31.8K $14.71/SF
Area
Gallatin County, MT
Vacancy
6.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,780
Cap Rate 7%
$454,129
Cap Rate 9%
$353,211
Alternative Uses
Best Use
Office B
$454.1K
$397.4K – $529.8K
NOI $31,789 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.3K
$493.8K – $658.3K
NOI $39,500 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
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 Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with open work areas, private offices, and two restrooms.
Where is this office unit located?
The property is located at F2-1805 S 22nd Ave Bozeman, MT.
What is the asking price?
The asking price for this property is $518,500.
What are key features of this property?
This property features: 2,161‑square‑foot office unit; Two open bullpen areas support collaborative workspace; Three private offices included in the layout
