Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    706 7th Ave Bozeman, MT 59715-2827
    Back to Search
    Property profile & analytics

    706 7th Ave, Bozeman, MT 59715-2827

    View on Map
    • Investment properties
    • 1,160 SF
    • 0.51 lot acres
    Off-Market
    Last Sale Jan 4, 2023
    Property ID
    US52-0132238
    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

    • Investment properties

    Property Details for 706 7th Ave

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.51 lot acres
    Zone code
    1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    06-0798-01-4-05-37-0000
    APU
    6079801405370000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 10, 2025 — Midtown Aspen 9 Lllp Midtown Aspen LLC Special Warranty Deed $4.1M · Glacier Bank
    Dec 20, 2024 — Midtown Aspen LLC — Deed · related $1.8M · Glacier Bank
    Jan 4, 2023 — Midtown Aspen LLC Bebo LLC Warranty Deed $2.7M · First Security Bank
    May 2, 2016 — Triple 7 LLC 2lt LLC Warranty Deed $358k · Big Sky Western 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
    -111.046
    Latitude
    45.6868
    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
    2023
    $8,352
    $0.00
    $0.00
    $927,021
    -
    $660,661
    $266,360
    $927,021

    Comparable in this City

    • Value Estimation by Request
      2,364 SF

      515 Babcock St

      OFFICE/RESIDENTIAL (MIXED USE)
      515 Babcock St, Bozeman, MT 59715-3900
      View Details
    • Value Estimation by Request
      9,828 SF

      601 Cottonwood St

      OFFICE/RESIDENTIAL (MIXED USE)
      601 Cottonwood St, Bozeman, MT 59715-3011
      View Details
    • Value Estimation by Request
      23,325 SF

      2119 11th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2119 11th Ave, Bozeman, MT 59715-5552
      View Details
    • Value Estimation by Request
      832 SF

      Rouse Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      Rouse Ave, Bozeman, MT 59715
      View Details
    • Value Estimation by Request
      3,196 SF

      103 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      103 Grand Ave, Bozeman, MT 59715-3503
      View Details
    • Value Estimation by Request
      1,971 SF

      516 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      516 Main St, Bozeman, MT 59715-3467
      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
    • $693,999
      3,760 SF

      Bozeman Cosmetology Academy For Sale

      Established Academy, Excellent Income Potential
      135 Mendenhall St, Bozeman, MT 59715
      View Details
    • $2,950,000
      9,500 SF

      Bozeman Commercial Investment Opportunity

      High-Cash Flow, Multi-Tenant Property
      2005 Gilkerson Dr, Bozeman, MT 59715
      View Details
    • Contact for pricing
      3,172 SF

      MSU Area Duplex with Garage

      Duplex near MSU with large yard and detached garage.
      1604 Maple Ln, Bozeman, MT 59715
      View Details
    • $1,199,000
      5.00 Acres

      Undeveloped Land Parcel in Bozeman

      5 acre parcel with views near downtown Bozeman and MSU.
      Golden Buffalo Rd, Bozeman, MT 59715
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Bozeman Church, Daycare, or Gym

      Versatile space ideal for assembly, daycare, or fitness center.
      205 Haggerty Ln, Bozeman, MT 59715
      View Details
    • Contact for pricing

      Bozeman Flexible Workspace Solutions

      Flexible office and coworking spaces in downtown Bozeman.
      5 Mendenhall St, Bozeman, MT 59715
      View Details
    • $22 SF/Yr
      2,118 SF

      Bozeman Office Space For Lease

      Office space for lease in a convenient Bozeman location.
      1700 W Koch St, Bozeman, MT 59715
      View Details
    • $25 SF/Yr
      38,656 SF

      Bozeman Office Property For Lease

      Office property in quiet Bozeman location with mountain views.
      701 Gold Ave, Bozeman, MT 59715
      View Details
    • $35 SF/Yr
      2,473 SF

      Downtown Bozeman Class A Office

      Premier office space in historic downtown Bozeman landmark building.
      104 E 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.
    706 7th Ave
    Bozeman, MT 59715-2827
    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
    706 7th 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!