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Property profile & analytics
OFF-MARKET
Medical Office Space
1045 27th St Billings, MT 59101-0711
Entity Owned
11-yr Hold
Absentee Owner
Property ID
US52-0013221
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
WOOD
Total area
6,776 SF
Lot
0.48 ac (20,996 SF)
Zoning code
CC
APN
03-1033-32-1-04-12-0000
UPID
US52-0013221
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
-
Yellowstone Family Dental Dental Office
-
Matt Larsen Dental Office
-
Nicole Sirounian Dental Office
-
Matthew Glen Larsen Dental Office
-
Chase Pearson Dental Office
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
Larsen Properties LLC · 11 yrs held
Larsen Properties LLC
since 2014
7 recorded transactions
Zoning & alternative use
CC · Billings, MT
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 2023Property tax & assessments
Tax year 2023
Tax billed
$19,593
Tax year 2023
Assessed value
$1,568,100
Assessed 2023
Previous assessed
$1,568,100
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$923,100
Improvement market value
$645,000
Total market value
$1,568,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
6,776 SF
Lot
0.48 ac (20,996 SF)
Zoning code
CC
APN
03-1033-32-1-04-12-0000
UPID
US52-0013221
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CC · Billings, MTZoning CC · permitted uses
CC · Billings, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2015
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Larsen Properties LLC
Entity
Mailing address
120 MORNINGSIDE LN, BILLINGS, MT 59105-2800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2019
—
Larsen Properties LLC
—
Grant Deed
related
$1,558,919 · First Interstate Bk
Oct 15, 2014
—
Larsen Properties LLC
Art Properties LLC
Grant Deed
$3,246,400 · Live Oak Bkg
Jun 28, 2012
—
Art Properties LLC
—
Trustees Deed
related
$53,000 · Wells Fargo Bank
Feb 17, 2009
—
Art Properties LLC
Dvg Properties LLC
Warranty Deed
$350,000 · First Interstate Bank
—
—
Dwight V Galloway
—
Deed Of Trust
related
$150,000 · Bozeman Medical Imaging LLC
—
—
Advanced Mri
—
Deed Of Trust
related
$45,000 · Richard Degenhart
—
—
Dvg Properties LLC
—
Deed Of Trust
related
$45,000 · Richard Degenhart
—
—
Dvg Properties LLC
—
Deed Of Trust
related
$150,000 · Bozeman Medical Imaging LLC
—
—
Art Properties LLC
—
Loan Modification
related
$52,568 · Wells Fargo Bank
—
—
Art Properties LLC
—
Deed Of Trust
related
$350,000 · Wells Fargo Bank
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.
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