Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1511 6th N Ave Billings, MT 59101-0409

    • Retail space
    • 3,864 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0078797
    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.

    Current Use by Public Records

    • A Home Vet: Rickard Patty DVM / Veterinarian
    • Dan Liebe - Thrivent / Financial Planner / Financial Consultant
    • Brandon Hamilton - Thrivent / Financial Planner / Financial Consultant
    • Q's Art & Framing / Picture Frame Shop
    • A Home Vet / Veterinarian

    Property Details for 1511 6th N Ave

    Year built
    2004
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Property size
    3,864 SF
    Zone code
    R-60
    Property type
    Retail space
    APN
    03-1033-33-1-18-01-0000
    APU
    3103333118010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.495
    Latitude
    45.7941
    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
    $6,851
    $0.00
    $0.00
    $548,300
    -
    $135,014
    $413,286
    $548,300

    Comparable in this City

    • Value Estimation by Request
      0.68 Acres

      Becraft Ln

      Individual retail properties • 0.68 Acres
      0 Becraft Ln, Billings, MT 59101
      View Details
    • Value Estimation by Request
      8,420 SF

      335 Orch Ln

      RETAIL STORES (PERSONAL SERVICES) • 8,420 SF
      335 Orch Ln, Billings, MT 59101-5033
      View Details
    • Value Estimation by Request
      34,230 SF

      928 Broadwater Ave

      RETAIL STORES (PERSONAL SERVICES) • 34,230 SF
      928 Broadwater Ave, Billings, MT 59101-2700
      View Details
    • Value Estimation by Request
      45,415 SF

      3280 Clearwater Dr

      RETAIL STORES (PERSONAL SERVICES) • 45,415 SF
      3280 Clearwater Dr, Billings, MT 59101-8021
      View Details
    • Value Estimation by Request
      11,835 SF

      802 26th St

      RETAIL STORES (PERSONAL SERVICES) • 11,835 SF
      802 26th St, Billings, MT 59101-4522
      View Details
    • Value Estimation by Request
      2,212 SF

      1017 27th St

      RETAIL STORES (PERSONAL SERVICES) • 2,212 SF
      1017 27th St, Billings, MT 59101-0711
      View Details

    Similar Nearby for Sale

    • $295,000
      12,231 SF

      Historic Billings Retail Gem

      12,231 SF, Vacant, Redevelopment Potential
      2712 Minnesota Ave, Billings, MT 59101
      View Details
    • Contact for pricing
      0.68 Acres

      Becraft Lane Retail Pads - Billings, MT

      Lockwood Mixed-Use Development Land - Retail & Multifamily
      0 Becraft Ln, Billings, MT 59101
      View Details
    • $575,000
      15,000 SF

      Downtown Billings Redevelopment Opportunity

      Turn-of-the-century building in downtown Billings with redevelopment potential.
      2610 Montana Ave, Billings, MT 59101
      View Details
    • $355,000
      5 SF

      Retail/Warehouse Space on Montana Avenue

      Retail and warehouse space available in Billings, Montana.
      3407 Montana Ave, Billings, MT 59101
      View Details
    • $7,988,000
      30,762 SF

      Mixed-Use Investment in Annafeld

      Mixed-use property with retail and residential units in growing community.
      1605 Annafeld Pkwy E, Billings, MT 59101
      View Details
    • New
      $355,000
      5,879 SF

      Billings Retail/Warehouse Opportunity

      Retail and warehouse space in Billings, Montana.
      3407 Montana Ave, Billings, MT 59101
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      6,474 SF

      Downtown Billings Retail Space

      High-traffic retail space near Billings Clinic.
      821 27Th St, Billings, MT 59101
      View Details
    • $10 SF/Yr
      16,044 SF

      Prime Commercial Space in Billings

      Highly desirable location with flexible layout for various businesses.
      2912 3Rd Ave North, Billings, MT 59101
      View Details
    • $8 SF/Yr
      1,200 SF

      Shop Space For Lease

      1,200 SF shop space available for lease.
      1270 Lockwood Rd, Billings, MT 59101
      View Details
    • $16 SF/Yr
      1,709 SF

      Refurbished Retail Space Available

      Historic retail space with modern amenities for lease.
      2802 Montana Ave, Billings, MT 59101
      View Details
    • $1,300 /Mo
      2,145 SF

      Downtown Billings Retail Space Available

      Retail space in downtown Billings with open floor plan.
      302 N 29Th St, Billings, MT 59101
      View Details
    • $16 SF/Yr
      1,000 SF

      Southgate Drive Retail Leasing Opportunity

      Commercial space with high visibility and versatile floor plan.
      4903 Southgate Dr, Billings, MT 59101
      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.
    1511 6th N Ave
    Billings, MT 59101-0409
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.