Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 30th St Billings, MT 59101-4073

    • Garden apartment buildings
    • 22,242 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0261359
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tandy Leather Billings - 23 / Wholesaler / Hobby Store

    Property Details for 115 30th St

    Year built
    2022
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    22,242 SF
    Zone code
    CBD
    Property type
    Garden apartment buildings
    APN
    03-0927-03-1-03-08-0000
    APU
    3092703103080000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.505
    Latitude
    45.778
    CBSA code
    13740
    CBSA name
    BILLINGS, MT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $629,472
    -
    $43,892
    $585,580
    $629,472

    Comparable in this City

    • Value Estimation by Request
      5,654 SF

      1007 29th St, Unit 1015

      GARDEN APT, COURT APT (5+ UNITS) • 5,654 SF
      1007 29th St, Billings, MT 59101-4458
      View Details
    • Value Estimation by Request
      4,392 SF

      1301 Industrial Ave

      GARDEN APT, COURT APT (5+ UNITS) • 4,392 SF
      1301 Industrial Ave, Billings, MT 59101-3137
      View Details
    • Value Estimation by Request
      3,552 SF

      3405 1st Ave N#

      GARDEN APT, COURT APT (5+ UNITS) • 3,552 SF
      3405 1st Ave N#, Billings, MT 59101-2145
      View Details
    • Value Estimation by Request
      7,524 SF

      524 23rd St

      GARDEN APT, COURT APT (5+ UNITS) • 7,524 SF
      524 23rd St, Billings, MT 59101-1356
      View Details
    • Value Estimation by Request
      6,444 SF

      214 23rd St

      GARDEN APT, COURT APT (5+ UNITS) • 6,444 SF
      214 23rd St, Billings, MT 59101
      View Details
    • Value Estimation by Request
      3,860 SF

      205 23rd St

      GARDEN APT, COURT APT (5+ UNITS) • 3,860 SF
      205 23rd St, Billings, MT 59101-2253
      View Details

    Similar Nearby for Sale

    • $549,900
      5,310 SF

      Victorian Five-Plex with Garage Units

      Centrally located five-unit property with additional garage rental income.
      105 Yellowstone Ave, Billings, MT 59101
      View Details
    • $1,200,000
      0.50 Acres

      Billings Investment Property: High ROI Potential

      Multi-use building with cell tower lease. Excellent income potential.
      420 25Th St, Billings, MT 59101
      View Details
    • $1,995,000
      13,880 SF

      Multifamily Investment Opportunity in Billings

      Two buildings with 13 units, new construction and remodeled.
      1920 Old Hardin Rd, Billings, MT 59101
      View Details
    • $7,988,000
      30,762 SF

      Mixed-Use Investment in Annafeld

      Mixed-use property with retail and residential units in growing community.
      1605 Annafeld Pkwy E, Billings, MT 59101
      View Details
    • $1,760,000
      5,382 SF

      Annafeld Multifamily Investment Opportunity

      Income-producing apartments in a growing master-planned community.
      1624 Farmstead, Billings, MT 59101
      View Details
    • $3,950,000
      36,480 SF

      Downtown Billings Apartment Building

      54-unit apartment building in the heart of downtown Billings.
      110-124 N 24Th St, Billings, MT 59101
      View Details

    Similar Nearby for Lease

    • $4,800 /Mo
      4,128 SF

      Versatile Warehouse with Office, Apartment

      4,128 SF property with warehouse, office, and apartment space.
      3641 S 56Th St W, Billings, MT 59101
      View Details
    • $24 SF/Yr
      33,750 SF

      Downtown Billings Office Space

      Prime Billings location; flexible suites available.
      2624 Montana Ave, Billings, MT 59101
      View Details
    • $9 SF/Yr
      5,776 SF

      Billings Industrial Shop For Lease

      5,776 sq ft warehouse, ideal location.
      321 13Th St, Billings, MT 59101
      View Details
    • $7 SF/Yr
      13,972 SF

      Downtown Billings Retail Space

      Prime Retail Location, 2,800 SF Available
      14 27Th St, Billings, MT 59101
      View Details
    • $210 SF/Yr
      8,117 SF

      Grand Ave Office Suite for Lease

      Billings Office Space: 916 sq ft, $1336/month
      145 Grand Ave, Billings, MT 59101
      View Details
    • $8 SF/Yr
      10,455 SF

      Prime Billings Office/Industrial Space

      10,455 SF, Flexible Layout, Updated
      1123 3Rd Ave, Billings, MT 59101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 30th St
    Billings, MT 59101-4073
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.