New search
Property profile & analytics
OFF-MARKET
Auto shops
1023 Main St Billings, MT 59105-2543
Individually Owned
13-yr Hold
Absentee Owner
Property ID
US52-0151764
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2015
Construction
WOOD
Total area
2,969 SF
Lot
0.69 ac (30,231 SF)
Zoning code
HC
APN
03-1033-22-4-13-33-0000
UPID
US52-0151764
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jiffy Lube Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gerald W Watson · 13 yrs held
Gerald W Watson
since 2013
7 recorded transactions
Zoning & alternative use
HC · Billings, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Billings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Billings submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,734
Tax year 2024
Assessed value
$993,200
Assessed 2024
Previous assessed
$993,200
+0.0% YoY
Effective rate
1.28%
On assessed value
Land market value
$601,017
Improvement market value
$392,183
Total market value
$993,200
Applied tax rate
965.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
2,969 SF
Lot
0.69 ac (30,231 SF)
Zoning code
HC
APN
03-1033-22-4-13-33-0000
UPID
US52-0151764
Jurisdiction
YELLOWSTONE
Zoning & alternative use
HC · Billings, MT
Zoning HC · permitted uses
HC · Billings, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Billings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Gerald W Watson
Individual
Mailing address
500 41ST AVE, SANTA CRUZ, CA 95062-5205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2017
—
Gerald W Watson
—
Deed
related
$276,133 · Yellowstone Bk
Aug 11, 2016
—
Gerald W Watson
—
Deed
related
$276,133 · Yellowstone Bk
Jun 21, 2016
—
Gerald W Watson
—
Deed
related
$957,214 · Yellowstone Bk
Jun 23, 2015
—
Tfc Billings Jl1 LLC
—
Deed Of Trust
related
$1,235,000 · Zions First Nat'l Bk
Aug 6, 2014
—
Gerald W Watson
—
Trustees Deed
related
$276,133 · Yellowstone Bk
Jun 12, 2013
—
Gerald W Watson
The Circle Inn INC
Warranty Deed
$957,214 · Yellowstone Bank
Feb 16, 2011
—
Circle Inn INC
Owner Name Unavailable
Grant Deed
related
—
—
—
Gerald W Watson
—
Loan Modification
related
$276,133 · Yellowstone Bk
—
—
Gerald W Watson
—
Loan Modification
related
$276,133 · Yellowstone Bk
—
—
Gerald W Watson
—
Loan Modification
related
$957,214 · Yellowstone Bk
—
—
Gerald W Watson
—
Loan Modification
related
$276,133 · Yellowstone Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1023 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
