Urban + Farm is a 106± acre mixed-use agrihood in Bozeman that sets a new precedent for vibrant, active, and sustainable living. It anchors West Bozeman and offers a complete community experience that includes a mix of residential and commercial offerings, along with trail networks and an onsite vertical greenhouse that adds unique functionality and aesthetic appeal.
The vision of Urban + Farm is to distinguish the local neighborhood character by building on existing residential and commercial development in the area while also honoring Gallatin Valley's agricultural roots and promoting sustainability - all with a focus on accessibility.
The Seller has recently finished constructing and begun leasing out Millhouse East + West, which comprises of 36 two-bedroom apartments. Additionally, the Seller is presently in the process of constructing The Grange, which will include 16 detached single-family homes and 6 rowhomes. The Seller plans to complete all the horizontal infrastructure for the rest of Urban + Farm development in phases, with completion set between the third quarter of 2023 and the third quarter of 2024. The available land currently includes Fallon Lot 1, Mayfly, Phase I, and Phase II.
• The land plan is highly flexible and offers a variety of land options, including residential (detached single-family, attached single-family, multifamily, affordable, and age-restricted) and commercial (office, retail, civil, and hospitality).
• The community is all-encompassing, with 15% of the area dedicated to parks and open spaces, and several community amenities, including a vertical farm, recreation center, and fire station.
• The infrastructure will be built by the seller, which allows for delivery of construction-ready pad sites.
• The location is exceptional, situated in central Bozeman, with easy connections to Montana State University (6 minutes), Four Corners employment hub (7 minutes), downtown Bozeman (8 minutes), Bozeman Yellowstone International Airport (20 minutes), Bridger Bowl Ski Area (30 minutes), Big Sky Resort (1 hour), and Yellowstone National Park (1.5 hours).
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• The land has high visibility along Huffine Lane, with a traffic volume of 30,000 vehicles per day, making it the most heavily trafficked road in the county.
Outlaw Realty is delighted to present the Phase 1 opportunity at Urban + Farm in Bozeman, MT. Phase 1 consists of 8.72± acres located within the 106± acre Urban + Farm mixed-use and master-planned community situated in Bozeman's growing west side. The Phase 1 location is off Fallon St, across from the Norton Ranch subdivision, and provides an excellent opportunity for developers to build a total of 64 residential units, comprising 21 single-family homes and 43 townhomes. The preliminary plat was submitted to the city in April 2022.
$9,300,000
4.36± ACRES | SINGLE FAMILY LOTS AT $736K/ACRE | 21 DOORS $160K/DOOR
$160k/lot at 20% is the equivalent of a home priced at $640k $160k/lot at 25% is the equivalent of a home priced at $800k
4.36± ACRES | MULTI-FAMILY AT $1.4M/ACRE | 44 DOORS $135K/DOOR
$135K/door at 20% is $540k
$135K/door at 25% is $675k
DENSITY STATUS
8.72±
R-5
Residential - SFH and Townhomes
64 total 21 single-family lots ranging from .18-.21± acres
43 townhomes - 9 four-plex lots and 1-seven plex lot ranging from .1-.13± acres
7 units per acre
Subdivision - preliminary plot submitted to city
URBAN + FARM
Conceptual building footprints and types for scale only
SINGLE FAMILY DETACHED ALLEY LOADED, STREET FRONTAGE
SINGLE FAMILY DETACHED ALLEY LOADED, OPEN SPACE FRONTAGE
4 PLEX ALLEY LOADED, OPEN SPACE FRONTAGE
4 PLEX ALLEY LOADED, STREET FRONTAGE
7 PLEX ALLEY LOADED, STREET FRONTAGE
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Since 2010, Bozeman has seen a population growth of more than 45%, wh impressive rate of almost 10% from 2021 to 2022. This growth has primari millennials from expensive markets, resulting in an estimated 46% job grow With an average household income of $94,855 and 68% of the population h city has become a hub for young professionals seeking opportunities.
The population growth has created a demand for rental units that far excee leading to a yearly increase of 9.6% in rents and a vacancy rate of just 2.2% Similarly, the for-sale housing market has experienced a surge in demand, over-year increase in pricing and an average of just 24 days on the market.
Bozeman's commercial real estate sector has also seen remarkable growth rents have increased by over 95%, and year-over-year rent growth has bee rate of just 1.7% in the fourth quarter of 2022. The hospitality market in Bo submarket in the state, with high average daily rates, revenue per available due to the city's status as a thriving tourism hub and its busy airport.
Lastly, Bozeman's retail sector has experienced a steady increase in rent, w year and a 77.2% increase over the past decade, driven by a vacancy rate o
BOZEMAN HAD 21.5%
YEAR-OVER-YEAR RENT
GROWTH AS OF THE SECOND QUARTER OF 2022 AND A MULTIFAMILY OCCUPANCY OF 99.2%
BOZEMAN AND GREATER BOZEMAN ECONOMIC STRENGTHS
Bozeman has experienced a 22% year-over-year growth in home values, and in the past decade, over 18,850 people have mo resulting in a remarkable 50% increase in its population.
Top 5 states with the highest inbound migration to Boz
California
Washington
Colorado
Oregon
Idaho
Demographic within 5 miles of Urban + Farm:
$101, 767 is the average household income
45% renters
67% of people are college-educated
Bozeman ranked #1 out of 543 Micropolitan statisti
2018
Outlaw Realty is a boutique brokerage with offices in Bozeman and Big Sky, Montana, and over 80+ years of combined experience with over $2 billion in sales. Specializing in relocation, resort communities, luxury homes, and investment properties, we work with clients to assist with their real estate needs. We understand real estate from land development to marketing and sales of finished products.
Our experience varies from consulting on international residential and commercial development projects to representing luxury listings in Southwest Montana including properties in the Yellowstone Club, Spanish Peaks Mountain Club, Moonlight Basin, and Bozeman. Our personal approach and strong marketing influence is a refreshing change to the current standard in the real estate industry, working as a licensed team to represent our clients, rather than individuals.
