Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bozeman Opportunity Zone Land Title is generated by Realmo AI

    W Garfield St, Bozeman, MT 59718

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two combined lots in Bozeman Gateway Development.

    Type:Retail
    Lot size:
    0.85 Acres
    Added:
    Apr 1, 2019
    Days on Market:
    2610
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for W Garfield St

    General Information

    Standard status
    Active
    Lot size
    0.85 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Joe Cobb

    Listing agent Joe Cobb License #RRE-BRO-LIC-13238

    Listing office Cobb Realty Group

    Listing date Apr 1, 2019

    Source Crexi

    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 Cobb Realty Group

    HighLights

    • Located in Bozeman's Opportunity Zone.
    • Combined lots totaling 36,868 SF (.85 Acre) for maximized building SF.
    • Located in The Bozeman Gateway Development, near Downtown Bozeman, Gallatin Mall, and Montana State University.
    • Allows for commercial or residential development with flexible height options.
    • Zoning allows for mixed‑use, hotels, office, and retail.
    • Multiple Pad Site with shared parking.

    Overview

    Located in Bozeman's Opportunity Zone, this property features two combined lots designed to maximize building square footage. Lot 3A comprises 17,265 square feet (0.40 acres), while Lot 4A offers 19,603 square feet (0.45 acres), resulting in a combined area of 36,868 square feet (0.85 acres). Situated in the center of Bozeman at The Bozeman Gateway Development, the property is just west of historic Downtown Bozeman, across from Gallatin Mall, and adjacent to Montana State University. This site is located within a Planned Unit Development (P.U.D.) that supports multiple mixed-use options, allowing for commercial or residential development with flexible height options to accommodate various needs and densities. Zoning in The Bozeman Gateway permits mixed-use, hotels, office spaces, retail establishments, and various other uses. Multiple pad sites with shared parking are available throughout the development, where the developer handles off-site improvements. A completed 350-unit multi-family project is located adjacent to the site in the center of the development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.037791
    Latitude
    45.666789

    Nearby Similar for Sale

    • $899,000
      2,054 SF

      Downtown Bozeman Redevelopment Opportunity

      Prime land for development in downtown Bozeman near MSU.
      412 S 11th Avenue, Bozeman, MT 59715
      View Details
    • $2,950,000
      8,706 SF

      High-Traffic Bozeman Commercial Redevelopment

      Redevelopment opportunity in high-traffic Bozeman location near Gallatin Valley Mall.
      3100 W Main Street, Bozeman, MT 59718
      View Details
    • $2,698,500
      4,696 SF

      7.831 Acres on Huffine Lane

      Development opportunity with commercial, residential, and mixed-use potential.
      8494 Huffine, Bozeman, MT 59718
      View Details
    • $3,750,000
      2,240 SF

      Prime Bozeman Development Opportunity

      7.5 acres near retail corridor, ideal for mixed-use development.
      2050 Baxter Lane, Bozeman, MT 59718
      View Details
    • $3,750,000
      2,240 SF

      Bozeman Land Development Opportunity

      7.5 acre parcel near retail corridor with development potential.
      2050 Baxter Lane, Bozeman, MT 59718
      View Details
    • $898,500
      2,797 SF

      Versatile Live-Work Space in Bozeman

      2,797 sq ft live-work space with shop and living area.
      2607 Fremont Street, Bozeman, MT 59718
      View Details
    • $799,000
      1,195 SF

      Bozeman Land with Heated Shop

      Southside property with shop, mobile home, and recent upgrades.
      7340 Fowler Lane, Bozeman, MT 59718
      View Details
    • $859,555
      2,671 SF

      Versatile Commercial Space with Flex Plan

      Mixed-use property with commercial space and flexible upper level.
      2605 Fremont Street, Bozeman, MT 59718
      View Details
    • $1,200,000

      Commercial Opportunity in Bozeman, MT

      Prime commercial property in Bozeman's thriving Valley Commons area.
      3930 Valley Commons, Bozeman, MT 59718
      View Details
    • $69,000
      1,278 SF

      Turnkey Salon Business Opportunity

      Established salon business with full services and growth potential.
      620 E Cottonwood, Bozeman, MT 59715
      View Details
    • $355,000

      Buildable Corner Lot in Bozeman

      Rare opportunity: corner lot with approved plans and partial foundation.
      4178 Annie Street, Bozeman, MT 59718
      View Details
    • $2,025,000

      Bozeman Multifamily Investment Opportunity

      Five-unit property on 0.48 acres near downtown Bozeman.
      621 and 617 N Rouse Avenue, Bozeman, MT 59715
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two combined lots in Bozeman Gateway Development.
    Where is this commercial land located?
    The property is located at W Garfield St Bozeman, MT.
    What are key features of this property?
    This property features: Located in Bozeman's Opportunity Zone.; Combined lots totaling 36,868 SF (.85 Acre) for maximized building SF.; Located in The Bozeman Gateway Development, near Downtown Bozeman, Gallatin Mall, and Montana State University.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joe Cobb
    Real Estate License ID: RRE-BRO-LIC-13238
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    W Garfield St, Bozeman, MT 59718
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!