Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    615 Nikles Dr, Unit 104204 Bozeman, MT 59715-2602
    Back to Search
    Property profile & analytics

    615 Nikles Dr, Unit 104204, Bozeman, MT 59715-2602

    View on Map
    • Investment properties
    • 1,800 SF
    Off-Market
    Property ID
    US52-0253425
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hover Equipment / Art Studio
    • Sean's Gym / Gym & Fitness Center

    Property Details for 615 Nikles Dr

    Year built
    2018
    Construction
    WOOD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    06-0798-01-1-98-06-7009
    APU
    6079801198067009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 30, 2019 — Kyle Wieferich Longshot Equity LLC Warranty Deed $272k · Stockman Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bozeman
    County
    Gallatin
    State
    Montana
    Longitude
    -111.043
    Latitude
    45.6979
    CBSA code
    14580
    CBSA name
    BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,753
    $0.00
    $0.00
    $488,898
    -
    $81,448
    $407,450
    $488,898

    Comparable in this City

    • Value Estimation by Request
      6,700 SF

      902 Wallace Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      902 Wallace Ave, Bozeman, MT 59715-3069
      View Details
    • Value Estimation by Request
      1,076 SF

      420 7th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      420 7th Ave, Bozeman, MT 59715-3310
      View Details
    • Value Estimation by Request
      1,232 SF

      426 7th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      426 7th Ave, Bozeman, MT 59715-3310
      View Details
    • Value Estimation by Request
      988 SF

      15 8th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      15 8th Ave, Bozeman, MT 59715-4444
      View Details
    • Value Estimation by Request
      2,962 SF

      1439 Babcock St

      OFFICE/RESIDENTIAL (MIXED USE)
      1439 Babcock St, Bozeman, MT 59715-4101
      View Details
    • Value Estimation by Request
      825 SF

      519 Babcock St

      OFFICE/RESIDENTIAL (MIXED USE)
      519 Babcock St, Bozeman, MT 59715-4713
      View Details

    Similar Nearby for Sale

    • $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
    • $13,395,000
      25,252 SF

      140 Main St

      Mixed-use properties
      140 Main St, Bozeman, MT 59715
      View Details
    • $499,000
      1.23 Acres

      South Bozeman Acre+ Residential Lot

      Acre+ lot near Main Street, MSU, and trail systems.
      145 Blossom Way, Bozeman, MT 59715
      View Details
    • Contact for pricing
      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
    • $399,000
      0.15 Acres

      Land in The Legends

      Residential land with mountain views, close to amenities.
      2434 Richau Ln, Bozeman, MT 59715
      View Details
    • $2,400,000
      8.20 Acres

      Land with Hyalite Creek Frontage

      8.2 acres with creek, barn, and mountain views.
      779 Cayuse Trl, 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
    • 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

      Freestanding Commercial Building in Bozeman

      Freestanding commercial building with restaurant infrastructure in high-traffic area.
      1230 N 7Th Ave, Bozeman, MT 59715
      View Details
    • Contact for pricing

      MT, Bozeman - The Osborne

      Flexible workspace in WI, Madison - W. Broadway
      233 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
    • $25 SF/Yr
      64,052 SF

      Bozeman Office Property For Rent

      Office property in quiet northeast Bozeman location with mountain views.
      701 Gold Ave, 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.
    615 Nikles Dr, Unit 104204
    Bozeman, MT 59715-2602
    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
    615 Nikles Dr, 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!