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Property profile & analytics
OFF-MARKET
Manufacturing properties
1123 2nd N Ave Billings, MT 59101-2617
Entity Owned
14-yr Hold
Property ID
US52-0123089
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
1956
Construction
WOOD
Total area
11,315 SF
Lot
0.4 ac (17,511 SF)
Zoning code
CI
APN
03-1033-33-1-15-03-0000
UPID
US52-0123089
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
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
Mazabuka LLC · 14 yrs held
Mazabuka LLC
since 2011
7 recorded transactions
Zoning & alternative use
CI · 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
$8,303
Tax year 2023
Assessed value
$664,600
Assessed 2023
Previous assessed
$664,600
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$157,274
Improvement market value
$507,326
Total market value
$664,600
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
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
SPACE
Cooling
AC.PACKAGE
Stories
2
Total area
11,315 SF
Lot
0.4 ac (17,511 SF)
Zoning code
CI
APN
03-1033-33-1-15-03-0000
UPID
US52-0123089
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CI · Billings, MTZoning CI · permitted uses
CI · 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
1956
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Mazabuka LLC
Entity
Mailing address
310 N 13TH ST, BILLINGS, MT 59101-2527
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Apr 30, 2026
—
Mazabuka LLC
—
Deed
related
$512,568 · Stockman Bk/montana
Mar 20, 2020
—
Mazabuka LLC
—
Deed
related
$566,636 · Stockman Bk/mt
Jan 4, 2013
—
Mazabuka LLC
—
Trustees Deed
related
$631,548 · First Interstate Bank
Nov 1, 2012
—
Mazabuka LLC
—
Trustees Deed
related
$250,585 · First Interstate Bank
Mar 28, 2012
—
Mazabuka LLC
—
Trustees Deed
related
$888,750 · First Interstate Bank
Oct 26, 2011
—
Mazabuka LLC
Genuine Parts Co
Warranty Deed
$315,000 · First Interstate Bank
Feb 21, 2001
—
Genuine Parts Co
Motion Industries INC
Quit Claim Deed
related
—
—
—
Mazabuka LLC
—
Deed Of Trust
related
—
—
—
Mazabuka LLC
—
Deed Of Trust
related
$757,451 · First Interstate Bank
—
—
Mazabuka LLC
—
Deed Of Trust
related
$566,636 · Stockman Bk/mt
—
—
Mazabuka LLC
—
Deed Of Trust
related
$651,000 · Big Sky Economic Dev Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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