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Property profile & analytics
FOR LEASE
Showrooms
1220 Weil St, Billings, MT 59101
Entity Owned
1-yr Hold
Property ID
US52-0004167
For Lease
1 / 2
$10 SF/Yr
1220 Weil St, Billings, MT 59101
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1997
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.49 ac (21,127 SF)
Zoning code
HC
APN
03-0927-17-3-11-08-0000
UPID
US52-0004167
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
-
Deluxe Auto Detailing LLC Car Wash
-
Gradys Upholstery &Trim Auto Repair Shop
-
Pyxis Dent Repair Auto Repair Shop
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
Shankit Investments LLC · 1 yrs held
Shankit Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
HC · Billings, MT
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 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
$5,201
Tax year 2023
Assessed value
$463,700
Assessed 2023
Previous assessed
$463,700
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$143,951
Improvement market value
$319,749
Total market value
$463,700
Applied tax rate
981.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1997
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
6,000 SF
Lot
0.49 ac (21,127 SF)
Zoning code
HC
APN
03-0927-17-3-11-08-0000
UPID
US52-0004167
Jurisdiction
YELLOWSTONE
Zoning & alternative use
HC · Billings, MT
Zoning HC · permitted uses
HC · Billings, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Billings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Shankit Investments LLC
Entity
Mailing address
PO BOX 130, ROBERTS, MT 59070-0130
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2025
—
Shankit Investments LLC
Homestead Investments LLC
Special Warranty Deed
$494,631 · Little Horn State Bank
Feb 25, 2021
—
Homestead Investments LLC
—
Deed
related
$252,855 · Stockman Bank
Nov 18, 2019
—
Harvey Capital LLC
—
Deed
related
$250,000 · Stockman Bk/mt
Dec 10, 2018
—
Harvey Capital LLC
—
Deed
related
$250,000 · Stockman Bk/montana
May 14, 2018
—
Harvey Capital LLC
—
Deed
related
$250,000 · Stockman Bk/mt
Mar 1, 2017
—
Harvey Capital LLC
—
Deed
related
$100,000 · Stockman Bk/mt
Jan 12, 2016
—
Harvey Capital LLC
—
Trustees Deed
related
$250,000 · Stockman Bk/mt
Dec 11, 2013
—
Homestead Investments LLC
Wass Properties LLP
Warranty Deed
$250,000 · Stockman Bank
Dec 1, 2005
—
Wass Properties LLP
J & D Cattle
Warranty Deed
$249,000 · Stockman Bank Of Montana
Nov 26, 1999
—
Ok Ranch Leuhold
Wass,david C
Grant Deed
related
—
—
—
Harvey Capital LLC
—
Loan Modification
related
$250,000 · Stockman Bk/montana
—
—
Wass Properties LLP
—
Deed Of Trust
related
$233,298 · Stockman Bank Of Montana
—
—
Harvey Capital LLC
—
Loan Modification
related
$250,000 · Stockman Bk/mt
—
—
Wass Properties LLP
—
Deed Of Trust
related
$245,546 · Stockman Bank Of Montana
—
—
Harvey Capital LLC
—
Loan Modification
related
$100,000 · Stockman Bk/mt
—
—
Ok Ranch Leuthold
—
Deed Of Trust
related
$233,889 · United Bank
—
—
Harvey Capital LLC
—
Loan Modification
related
$250,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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