For Sale
$1,500,000

2350 Vaquero Pkwy Bozeman, MT 59718

High-yield office condos, 6.57% cap rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a portfolio of five high-end commercial condos totaling 2,745 square feet, situated within two buildings at 2350 Vaquero Pkwy, Bozeman, MT 59718. Completed in 2024, these units boast modern finishes including high ceilings, large windows, concrete floors, private entrances, kitchenettes, and private bathrooms with showers. A unique feature is a mezzanine level in each unit offering additional storage space at no extra charge. Currently, three of the five units are occupied under net lease agreements (NNN), providing a stable income stream. The current occupancy rate is 60%, generating a net annual rent of $99,000, with potential to reach $103,000 at market rates. The seller is offering a one-year rent guarantee for the vacant units upon sale. The property is zoned B2 and is ideally located on the northwest side of Bozeman, offering convenient access to schools, local businesses, and parks. This investment is perfect for those seeking a diversified portfolio with strong rental potential and a desirable location. The asking price is $1,500,000, representing a compelling 6.57% capitalization rate. This property is suitable for a variety of uses, including small offices, service-based businesses, and specialty retail.

Highlights

  • Five high-end commercial condos totaling 2,745 square feet in Bozeman, MT.
  • Modern finishes, high ceilings, large windows, concrete floors, private entrances, kitchenettes, and private bathrooms.
  • Three of five units currently leased (NNN), generating $99,000 annual net rent, with $103,000 potential at market rates.
  • Seller offers one-year rent guarantee on vacant units.
  • Asking price: $1,500,000, 6.57% cap rate.

Property Details for 2350 Vaquero Pkwy

Property type
Retail properties, Office properties
Square Feet
2,745 SF
Year Built
2024
Buildings
2
Units
5

Location Insight

City
Bozeman
County
Gallatin
State
Montana
Latitude
45.7032537
Longitude
-111.0887888

FAQs

What type of property is this?
Retail property - High-yield office condos, 6.57% cap rate
Where is the retail property located?
The property is located at 2350 Vaquero Pkwy Bozeman, MT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Five high-end commercial condos totaling 2,745 square feet in Bozeman, MT.; Modern finishes, high ceilings, large windows, concrete floors, private entrances, kitchenettes, and private bathrooms.; Three of five units currently leased (NNN), generating $99,000 annual net rent, with $103,000 potential at market rates.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2350 Vaquero Pkwy
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