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Property profile & analytics
FOR LEASE
Retail space
1400 S 24Th St W Billings, MT 59102
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US52-0096854
For Lease
1 / 20
$7,306/Mo
1400 S 24Th St W, Billings, MT 59102
View Listing →
Property summary
AI-generated overview
This exceptional 4,078-square-foot retail space at 1400 S 24th St W, Billings, MT 59102, presents a unique investment opportunity. Currently configured as a distillery and tasting room, this adaptable space boasts polished concrete floors, modern industrial ceilings, a built-in bar, private restrooms, and a comfortable seating area. The layout offers a perfect blend of customer-facing areas and ample back-of-house space, currently used for distillery operations and storage. This area could easily accommodate a full kitchen expansion. The property's versatility extends beyond its current use
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Construction
STEEL FRAME
Total area
70,720 SF
Lot
4.56 ac (198,851 SF)
Zoning code
CI
APN
03-0926-13-4-14-07-0000
UPID
US52-0096854
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
-
Natural Resources Conservation Service Sustainability Organization
-
US Rural Development Urban Planning Department
-
Get Air Trampoline Park Arcade & Gaming Center Family Recreation Center
-
Trailhead Spirits Brewery & Distillery Bar & Pub
-
T & A Supply Company Inc Big Box & Wholesale 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
Brandon Keller · 5 yrs held
Brandon Keller
since 2020
7 recorded transactions
Zoning & alternative use
CI · 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
$53,312
Tax year 2023
Assessed value
$4,753,000
Assessed 2023
Previous assessed
$4,753,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$1,342,850
Improvement market value
$3,410,150
Total market value
$4,753,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1972
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
70,720 SF
Lot
4.56 ac (198,851 SF)
Zoning code
CI
APN
03-0926-13-4-14-07-0000
UPID
US52-0096854
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CI · Billings, MT
Zoning CI · permitted uses
CI · 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
1972
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
4.56 ac
Current owner
From public records · entity-resolved
Brandon Keller
Individual
Mailing address
1420 S 24TH ST W, BILLINGS, MT 59102-6407
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
—
Alex R Schimke
—
Deed
related
$455,000 · United States Of America
Aug 3, 2020
—
Brandon Keller
Matthew W Johnson
Warranty Deed
$600,000 · Miscellaneous Govt Agcy
Sep 5, 2019
—
1400 S 24th LLC
—
Grant Deed
related
$8,685,150 · First Interstate Bk
Dec 10, 2018
—
1400 S 24th St LLC
—
Grant Deed
related
$1,458,985 · First Interstate Bk
May 2, 2018
—
1400 S 24th LLC
—
Deed
related
—
Jul 18, 2017
—
1400 S 24th LLC
—
Grant Deed
related
$6,225,000 · First Interstate Bk
Jun 22, 2015
—
1400 S 24th LLC
Sutton Properties Of Montana L L P
Warranty Deed
$2,700,000 · Wells Fargo Bank NA
—
—
1400 S 24th LLC
—
Loan Modification
related
—
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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