81211 &81213 Gallatin Road Bozeman Montana

81211–81213 Gallatin Road Bozeman, Montana 59718 Offered At $9,900,000. 7.74% Cap Rate Commercial Income Property with Development Upside Located less than one mile south of the Four Corners intersection along the west side of US Highway 191, this 33,400-square-foot commercial property offers stabilized income, long-term tenancy, and meaningful upside through future development. The property consists of five condominium units situated on 2.777 acres across two parcels—one improved and one vacant—providing a rare combination of current cash flow and entitled expansion potential in one of Bozeman’s strongest commercial corridors. The asset features approximately 337 feet of frontage on US-191 South, a high-traffic arterial serving Bozeman and the Gallatin Valley. The surrounding market is characterized by sub-3% commercial vacancy, reinforcing the property’s strong leasing fundamentals and long-term demand. Property Overview - Address: 81211 & 81213 Gallatin Road, Bozeman, MT 59718 - Property Type: Commercial — Retail, Showroom & Warehouse - Total Building Size: 33,400 SF (five condo units) - Land Area: 2.777 acres (two parcels) - Frontage: 337 feet on US Highway 191 South - Occupancy: 100% leased Tenant Mix & Income Profile The property is fully leased to a diverse mix of retail, showroom, storage, and warehouse users under staggered 3- to 5-year lease terms with renewal options. Warehouse tenants operate under NNN lease structures with operating expenses passed through via CAM charges, supporting durable net income. - Annual Gross Scheduled Revenue: $708,561 - Tenant composition by revenue: Warehouse (North & South) 65.3%; Retail (Suites A–E) 31.8%; Storage 2.9% The anchor tenant, Earth Elements LLC, occupies the North Warehouse and represents approximately 47% of total revenue under a five-year lease with two additional five-year renewal options, offering potential tenancy through December 2040. The owner, TS Four, LLC, occupies the South Warehouse under a three-