Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1219 Main St, Unit 6 Billings, MT 59105-2539
    Back to Search
    Property profile & analytics

    1219 Main St, Unit 6, Billings, MT 59105-2539

    View on Map
    • Grocery and convenience stores
    • 2,100 SF
    • 0.31 lot acres
    Off-Market
    Last Sale May 5, 2025
    Property ID
    US52-0009612
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Conoco / Gas Station
    • Cono Mart Super Store / Grocery & Convenience Store
    • Conomart - Convenience Store / Grocery & Convenience Store
    • LibertyX Bitcoin ATM / Atm

    Property Details for 1219 Main St

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Zone code
    HC
    Property type
    Grocery and convenience stores
    APN
    03-1033-22-1-02-13-0000
    APU
    3103322102130000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 18, 2026 — Jm 205 Montana Gas Stations LLC — Deed · related $1.1M · Mountain America FCU
    May 5, 2025 — Jm 2025 Montana Gas Stations LLC Beehive Property Holdings LLC Special Warranty Deed —
    Jan 23, 2025 — Beehive Property Holdings LLC Parkland USA Corporation Special Warranty Deed —
    Aug 8, 2022 — Canyon Crek Investments INC Richard Downer Warranty Deed —
    Feb 5, 2015 — C-store Properties LLC Grunstead Family LP Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.47
    Latitude
    45.8208
    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
    $7,284
    $0.00
    $0.00
    $582,975
    -
    $388,755
    $194,220
    $582,975

    Comparable in this City

    • Value Estimation by Request
      2,343 SF

      236 Main St

      CONVENIENCE STORE
      236 Main St, Billings, MT 59105-3232
      View Details
    • Value Estimation by Request
      2,400 SF

      11 Wicks Ln

      CONVENIENCE STORE
      11 Wicks Ln, Billings, MT 59105-3865
      View Details
    • Value Estimation by Request
      4,812 SF

      1020 Main St

      CONVENIENCE STORE
      1020 Main St, Billings, MT 59105-2544
      View Details
    • Value Estimation by Request
      3,880 SF

      5550 Us Hwy 312

      CONVENIENCE STORE
      5550 Us Hwy 312, Billings, MT 59105-4944
      View Details
    • Value Estimation by Request
      11,544 SF

      450 Main St

      CONVENIENCE STORE
      450 Main St, Billings, MT 59105-3228
      View Details
    • Value Estimation by Request
      54,727 SF

      670 Main St

      GROCERY, SUPERMARKET
      670 Main St, Billings, MT 59105-3224
      View Details

    Similar Nearby for Sale

    • $68,250
      975 SF

      Billings Office Condo - Main St.

      Prime Main Street location, vacant office suite.
      848 Main St, Billings, MT 59105
      View Details
    • Contact for pricing

      Heights Retail/Office Center For Sale

      Retail and office spaces available in a convenient location.
      520 Wicks Ln, Billings, MT 59105
      View Details
    • $206,700
      1,590 SF

      Main Street Office Condo, Billings, MT

      Remodeled Office/Retail, High Traffic Location
      848 Main St, Billings, MT 59105
      View Details
    • Contact for pricing
      6,746 SF

      Heights Gas Station/Retail Property

      Gas station and retail property for sale in Billings, Montana.
      523 Hilltop Rd, Billings, MT 59105
      View Details
    • $2,495,000

      Gas Station/Retail Redevelopment Opportunity

      6,746 SF gas station/retail building on 67,947 SF lot.
      523 Hilltop Rd, Billings, MT 59105
      View Details
    • Contact for pricing

      Multi-Tenant Office and Retail Center

      Multi-tenant office and retail center in the Heights.
      926 Main St, Billings, MT 59105
      View Details

    Similar Nearby for Lease

    • $8,000 /Mo

      Renovated Retail Space in Billings

      Renovated 12,000 SF retail building in prime Billings location.
      635 Wicks Ln, Billings, MT 59105
      View Details
    • Contact for pricing

      Retail Suite Near Planet Fitness

      9,304 SF retail suite adjacent to Planet Fitness available.
      1319 Main St, Billings, MT 59105
      View Details
    • Contact for pricing

      Multi-Tenant Office and Retail Center

      Multi-tenant office and retail center located on Main Street.
      926 Main St, Billings, MT 59105
      View Details
    • Contact for pricing

      Versatile Commercial Space for Rent

      Commercial space with open layout, kitchen, bathroom, and parking.
      620 Lake Elmo Dr, Billings, MT 59105
      View Details
    • $13 SF/Yr

      Billings Heights Flex Space Available

      Flex space with retail, office, shop, and yard space.
      1117 Main St, Billings, MT 59105
      View Details
    • $12 SF/Yr

      Northgate Center Retail Space

      Retail space available in busy Billings Heights shopping center.
      1515 Main St, Billings, MT 59105
      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.
    1219 Main St, Unit 6
    Billings, MT 59105-2539
    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

    Thank You for Inquiry
    1219 Main St, Billings, MT, 59105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!