Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    201 Wallace Ave Bozeman, MT 59715

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    201 Wallace Ave Bozeman, MT 59715

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Laundry Loops / Hardware & Home Improvement
    • Light Conversion / Industrial Manufacturer / Production Facility
    • IAN MCNAIRY ARCHITECTURE, LLC / Architect
    • Outlaw Partners / Media Distribution
    • Outlaw Realty - Bozeman / Real Estate Agency

    Property Details for 201 Wallace Ave

    Property type
    Office properties & Spaces

    Description

    This exceptional 1,450-square-foot office space is available for lease in the heart of downtown Bozeman, Montana. Located at 201 S Wallace Ave, Suite #B1C, this single-tenant property offers a unique blend of historic character and modern functionality. The ground-floor space boasts convenient access to a loading dock and features a largely open layout, providing flexibility for various business configurations. Ideal for businesses seeking a prominent location just steps from Main Street, this property is zoned B-3 (Central Business District), allowing for a wide array of commercial uses. The space is perfect for businesses seeking a high-visibility location in a thriving Montana community. The property is a traditional office space within Gallatin County. Net, net, net (NNN) expenses are estimated at $4.50 per square foot annually. This presents a compelling opportunity to establish a business in a highly desirable and accessible location. The property's address is verified as 201 S Wallace Ave, Bozeman, MT 59715.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.029
    Latitude
    45.6772

    Comparable in this City

    • Value Estimation by Request
      9,209 SF

      1532 Ellis St Ste, Unit 201

      CONDOMINIUM OFFICES • 9,209 SF
      1532 Ellis St Ste, Bozeman, MT 59715-8809
      View Details
    • Value Estimation by Request
      5,329 SF

      5 Mendenhall St Ste, Unit 202

      CONDOMINIUM OFFICES • 5,329 SF
      5 Mendenhall St Ste, Bozeman, MT 59715-3566
      View Details
    • Value Estimation by Request
      132 SF

      125 Mendenhall St Ste, Unit 6

      CONDOMINIUM OFFICES • 132 SF
      125 Mendenhall St Ste, Bozeman, MT 59715-3586
      View Details
    • Value Estimation by Request
      155 SF

      125 Mendenhall St Ste, Unit 7

      CONDOMINIUM OFFICES • 155 SF
      125 Mendenhall St Ste, Bozeman, MT 59715-3500
      View Details
    • Value Estimation by Request
      434 SF

      321 Main St, Unit 3H

      CONDOMINIUM OFFICES • 434 SF
      321 Main St, Bozeman, MT 59715-6241
      View Details
    • Value Estimation by Request
      180 SF

      321 Main St, Unit 4M

      CONDOMINIUM OFFICES • 180 SF
      321 Main St, Bozeman, MT 59715-6241
      View Details

    Similar Nearby for Sale

    • $2,475,000
      9,728 SF

      Warehouse/Office Building with Flexible Space

      Versatile warehouse and office space with ample parking.
      2134 Industrial Dr, Bozeman, MT 59715
      View Details
    • $1,280,000
      2,024 SF

      Modern Office Condo on Main

      Flexible commercial condo in high-visibility Bozeman location.
      200 Highland Blvd, Bozeman, MT 59715
      View Details
    • $2,500,000
      11,400 SF

      Bozeman Warehouses with Ample Yard

      Two warehouse buildings on a .657-acre lot.
      2150 Industrial Dr, Bozeman, MT 59715
      View Details
    • $485,000
      2,026 SF

      East Bozeman Light Industrial Condo

      Light industrial condo with established tenant and easy I-90 access.
      30E Shawnee Way, Bozeman, MT 59715
      View Details
    • Contact for pricing

      Commercial Suite in Cannery District

      839 SF commercial suite in Bozeman's vibrant Cannery District.
      105 East Oak St, Bozeman, MT 59715
      View Details
    • $500,000
      0.44 Acres

      Bozeman Commercial Land with Views

      Commercial land in Gallatin Park with unobstructed Bridger Views.
      369 Gallatin Park Dr, Bozeman, MT 59715
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,048 SF

      Bozeman Retail Space For Lease

      Prime 16,048 sq ft Fitness Center Space
      1601 Main St, Bozeman, MT 59715
      View Details
    • $25 SF/Yr
      3,000 SF

      Bozeman Office Space For Rent

      Modern office suite with open floor plan and ample light.
      200 Highland Blvd, Bozeman, MT 59715
      View Details
    • $35 SF/Yr
      3,784 SF

      Downtown Bozeman Renovated Office Space

      Renovated downtown office space with private balcony and restrooms.
      122 E Main St, Bozeman, MT 59715
      View Details
    • $25 SF/Yr
      23,587 SF

      Bozeman Office Property For Rent

      Office property in quiet northeast Bozeman location with mountain views.
      701 Gold Ave, Bozeman, MT 59715
      View Details
    • Contact for pricing

      Downtown Bozeman Class A Office

      Premier office spaces in historic Bozeman landmark, available Summer 2024.
      104 E Main St, Bozeman, MT 59715
      View Details
    • Contact for pricing

      Downtown Bozeman Office Space Available

      Second-floor office space in downtown Bozeman with open floor plan.
      7 West Main St, Bozeman, MT 59715
      View Details
    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.
    201 Wallace Ave
    Bozeman, MT 59715
    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
    201 Wallace Ave, Bozeman, MT, 59715
    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!