2975 Max AveBozeman, MT 59718

  • Retail space
  • 20,454 SF

Property Details for 2975 Max Ave

Year built
2006
Construction
WOOD
Lot size
2.98 AC
Property size (Sq ft)
20,454 SF
Property type
Retail space
APN
06-0904-35-1-50-01-0000
APU
6090435150010000

Description

Gallatin Shopping Center presents a prime retail opportunity in Bozeman's thriving market. This Class B power center offers a total of 156,352 square feet across three single-story buildings, strategically located near Valley Center Road and 19th Avenue. The property is zoned C and features multiple tenancies, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 12,000 square feet. Currently, there are two suites within the center, and all space is currently occupied. The center boasts excellent freeway visibility and close freeway proximity, ensuring high traffic volume and exposure for tenants. Opportunities exist for build-to-suit (BTS) mid-box spaces, as well as box and shop spaces. Inline shops are available at a net-net-net (NNN) rate of $30.00 per square foot. This established center provides a strong foundation for businesses seeking a high-traffic location in a dynamic and growing community. Further details are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,239,090
    6.5%
    $3,913,010
    7%
    $3,633,510
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,535,440
    Geo Method
    $4,535,440
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $7,690,520
    Mixed-Use / Specialty
    $3,874,900
    Hospitality / Lodging
    $2,811,450
    Office
    $3,826,730
    Institutional / Educational
    $4,019,710
    Residential Income
    $4,703,060
    Multifamily
    $5,774,500
    Automotive / Energy
    $3,445,460
    Parking / Income-Based Land
    $1,212,850
    Restaurant / Food Service
    $1,963,820
    Healthcare / Senior Housing
    $3,998,410

Location Insight

City
Bozeman
County
Gallatin
State
Montana
Latitude
45.7095
Longitude
-111.071
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
$57,941
-
-
$6,435,200
-
$2,195,905
$4,239,295
$6,435,200

FAQs

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