The Brief

Acquisition / Purchase of a suitable property to provide multiple uses and income streams. The ideal investment would combine a residential rental with sufficient commercial capacity to incorporate office and retail/recreational components.   

 

CONCEPT

 

To create a multifaceted workspace within which various aligned businesses can co-exist. Combining these elements with other complimenting recreational and or retail option to generate traffic and exposure.  

EXAMPLE PROPERTY 1

Nikles is a Live Work development I have kept an eye on for some time as it provides all requisite elements. The below may be overpriced but is for illustrative purposes. 

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Commercial Space

Income Sources

  •  

    Residential Rental

    Either Long Term or Vacation Rental of the Residential Element.

    Indications are that the more secure route would be longer term. As this should support a monthly income of at least $2,000. The daily rate of approximately $130 per night for a similar vacation rental would suggest it would need to be rented for a minimum of 50% of the year to make similar returns.

    Residential Rental
  •  

    Golf Simulator

    Despite prices becoming more reasonable for high quality simulators Bozeman still does not have a great many commercially available. Those that are generally rent for approximately $50 an hour. During the winter months demand can be expected to be high. During the Summer the space can be repurposed as the hardware is limited and easily dismantled. 

    Golf Simulator
  • Deskspace rented to YRG (my Brokerage). For 2-3 Agents (including me). I would anticipate this would net only between $300-$500pm. 

    Yellowstone Real Estate Group
  •  

    Potential Retail Element

    To be discussed. Foot traffic through the simulator might lend itself to some limited retail capacity. Artwork, affiliate programs, etc. 

    Adamfor - ThemeForest

Business Operations

 

I have long wanted to find an office environment along these lines. My desire is to be around other like minded people in a relaxed but productive co-work environment. The success of laces such as The Sidecar Club suggest this is realistic, albeit this would be on a much smaller scale. 

 

Marc Loow Architecture and Project Management

Very much just my “pet project” you may say. I have made my thoughts known! One further question I would put to you would be if you did venture out on your own, would it have to be acrimonious? I wondered if you might still be able to work on a contract basis with OSM?