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Property profile & analytics
OFF-MARKET
Turn key restaurants
115 3rd NW St, Great Falls, MT 59404-4101
Entity Owned
7-yr Hold
Property ID
US52-0103434
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2012
Construction
WOOD
Total area
6,021 SF
Lot
0.97 ac (42,427 SF)
APN
02-3015-02-4-05-01-0000
UPID
US52-0103434
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
-
Kobe Seafood & Steak Restaurant
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
Kobe Holdings LLC · 7 yrs held
Kobe Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
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 Great Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Great Falls 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
$29,444
Tax year 2023
Assessed value
$2,101,100
Assessed 2023
Previous assessed
$2,101,100
+0.0% YoY
Effective rate
1.40%
On assessed value
Land market value
$736,271
Improvement market value
$1,364,829
Total market value
$2,101,100
Applied tax rate
4,698.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
6,021 SF
Lot
0.97 ac (42,427 SF)
APN
02-3015-02-4-05-01-0000
UPID
US52-0103434
Jurisdiction
CASCADE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2012
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Kobe Holdings LLC
Entity
Mailing address
115 3RD ST NW, GREAT FALLS, MT 59404-4101
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2018
—
Kobe Holdings LLC
Talcott Properties LLC
Warranty Deed
related
$1,077,320 · Stockman Bk/mt
Apr 26, 2017
—
Talcott Properties LLC
—
Deed
related
$74,865 · Stockman Bk/mt
May 23, 2011
—
Talcott Properties LLC
—
Trustees Deed
related
$610,154 · Stockman Bank Of Montana
Nov 4, 2009
—
Talcott Properties LLC
—
Deed Of Trust
related
$9,370,066 · Stockman Bk/mt
Mar 11, 2009
—
James Talcott Construction INC
—
Grant Deed
related
$14,000,000 · Stockman Bank Of Montana
Aug 29, 2008
—
James Talcott Construction INC
—
Grant Deed
related
$1,250,000 · Stockman Bank Of Montana
Apr 18, 2008
—
Talcott Properties LLC
—
Trustees Deed
related
$155,928 · Stockman Bank Mt (west)
Sep 12, 2003
—
Talcott Properties LLC
Talcott,bradley B & Diana S
Quit Claim Deed
related
—
—
—
West Bank Properties LLC
—
Deed Of Trust
related
$9,370,066 · Stockman Bank Of Montana
—
—
Talcott Properties LLC
—
Loan Modification
related
$9,370,066 · Stockman Bk/mt
—
—
Talcott Properties LLC
—
Deed Of Trust
related
$201,172 · Stockman Bk/mt
—
—
Talcott Properties LLC
—
Deed Of Trust
related
$750,877 · Stockman Bk/mt
—
—
Talcott Properties LLC
—
Deed Of Trust
related
$74,865 · Stockman Bk/mt
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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