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Property profile & analytics
OFF-MARKET
Showrooms
1377 Spooner Rd, Belgrade, MT 59714-3114
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US52-0176957
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2004
Construction
STEEL FRAME
Total area
18,529 SF
Lot
1.37 ac (59,590 SF)
Zoning code
BP
APN
06-1010-35-1-01-80-0000
UPID
US52-0176957
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
-
Service Partners Roofing Company General Contractor
-
BlueCore Power Electrical Service General Contractor
-
Alpine Greenhouses Garden Center Landscaping
-
QBS Safeguard Belgrade Warehouse & Storage
-
Mr. Appliance of Bozeman Home Appliance Store
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
Jason Lea · 6 yrs held
Jason Lea
since 2020
2 recorded transactions
Zoning & alternative use
BP · Belgrade, 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 Belgrade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belgrade 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
$14,765
Tax year 2023
Assessed value
$1,750,500
Assessed 2023
Previous assessed
$1,750,500
+0.0% YoY
Effective rate
0.84%
On assessed value
Land market value
$254,792
Improvement market value
$1,495,708
Total market value
$1,750,500
Applied tax rate
236,803.0000
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
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Total area
18,529 SF
Lot
1.37 ac (59,590 SF)
Zoning code
BP
APN
06-1010-35-1-01-80-0000
UPID
US52-0176957
Jurisdiction
GALLATIN
Zoning & alternative use
BP · Belgrade, MT
Zoning BP · permitted uses
BP · Belgrade, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belgrade. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
1.37 ac
Current owner
From public records · entity-resolved
Jason Lea
Individual
Mailing address
PO BOX 616, BELGRADE, MT 59714-0616
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2020
—
Jason Lea
Blackbird Properties LLC
Warranty Deed
—
Mar 28, 2018
—
Blackbird Properties LLC
—
Deed
related
$870,000 · Manhattan Bank
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
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