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516 E Tamarack is 2.54 acres of NEHMU-zoned land inside Bozeman city limits, blocks from downtown and the Cannery District, improved with a 33,981 SF industrial building. At closing, Lattice Materials, an affiliate of the seller, leases it back at a triple-net rate of $17.00/SF for two years, plus a one-year option. Year one of the lease would yield $577,677, with 3% increases. The going-in cap rate is 6.08% at the $9,500,000 ask.

Tenancy disclosure: This is a sale-leaseback. The tenant is related to the seller, and the lease begins at closing rather than continuing from a prior term. The two-year term, the $17.00 per square foot starting rent, and the 3% annual increases are proposed terms that will be documented in the purchase agreement. There is no executed lease.

• Sq Footage
  33981
• Acres
  2.54
• Days on Market
  4

Additional Features

• Building Area Total
  33981
• City
  Bozeman
• Co List Agent Direct Phone
  (406) 414-7507
• Co List Agent Email
  casey@northroserealestate.com
• Co List Agent Full Name
  Casey Rose
• Co List Office Name
  Northrose Real Estate
• Contract Status Change Date
  2026-10-21
• Cumulative Days On Market
  1
• Directions
  Turn W on E Tamarack St from Rouse. Drive 500 feet. Property on south side of Tamarack
• Documents Count
  1
• Latitude
  45.687960
• Listing Contract Date
  2026-10-21
• Listing Key
  1193775603
• List Price
  9500000
• Living Area
  33981
• Longitude
  -111.029524
• Lot Size Acres
  2.54000
• Lot Size Square Feet
  110642
• MLS Area Major
  Bozeman City Limits
• MLS Area Minor
  1 N E - Boz N of Main/ E of 19th
• MLS Status
  Active
• Original List Price
  9500000
• Originating System Name
  S W M T
• Ownership
  Full
• Parcel Number
  R G H21806
• Parking Features
  Assigned, Paved
• Postal Code
  59715
• Property Sub Type
  Building
• Property Type
  Commercial Sale
• Standard Status
  Active
• Tax Annual Amount
  69620.89
• Tax Legal Description
  NORTHERN PACIFIC ADD, S06, T02 S, R06 E, Lot 1A, ACRES 2.1792, PLAT C-23-A36 NORTHERN PACIFIC ADD, S06, T02 S, R06 E, BLOCK 109, ACRES 0.159, TRACT A-1 PLAT C-23-A36 NORTHERN PACIFIC ADD, S06, T02 S, R06 E, BLOCK 108, Lot 2A, ACRES 0.2011
• Tax Year
  2025
• Unparsed Address
  516 E Tamarack Street
• Year Built
  1958

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