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Property profile & analytics
OFF-MARKET
Estimated value
$340,000
Retail space
16 7th Ave Laurel, MT 59044-2921
Entity Owned
10-yr Hold
Property ID
US52-0017614
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1912
Construction
WOOD
Total area
2,808 SF
Lot
0.29 ac (12,589 SF)
Zoning code
CBD
APN
03-0821-09-3-01-06-0000
UPID
US52-0017614
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
-
Friendship Veterinary Center Veterinary Clinic
-
Susan's Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$340k
Owner & transaction history
East Holdings LLC · 10 yrs held
East Holdings LLC
since 2015
7 recorded transactions
Zoning & alternative use
CBD · Laurel, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The central business district classification is intended to primarily accommodate stores, hotels, governmental and cultural centers and service establishments at the central focal point of the city transportation system
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
80.24 ac
Source
Realmo
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 Laurel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurel 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$340k
Range $306k – $374k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$121 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,911
Tax year 2024
Assessed value
$340,800
Assessed 2024
Previous assessed
$340,800
+0.0% YoY
Effective rate
1.15%
On assessed value
Land market value
$76,766
Improvement market value
$264,034
Total market value
$340,800
Applied tax rate
970.0000
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
Off-Market
Year built
1912
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
2,808 SF
Lot
0.29 ac (12,589 SF)
Zoning code
CBD
APN
03-0821-09-3-01-06-0000
UPID
US52-0017614
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CBD · Laurel, MTZoning CBD · permitted uses
CBD · Laurel, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The central business district classification is intended to primarily accommodate stores, hotels, governmental and cultural centers and service establishments at the central focal point of the city transportation system
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
80.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1912
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
East Holdings LLC
Entity
Mailing address
5233 BLUE HERON DR, BILLINGS, MT 59106-3309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Dec 1, 2015
—
East Holdings LLC
Friendship Veterinary Center LLC
Warranty Deed
—
Jul 1, 2010
—
Friendship Veterinary Center L
Brown,nicholas M
Warranty Deed
$175,051 · United Bank
Jan 9, 2008
—
Nicholas M Brown
Brown,michael C
Quit Claim Deed
related
$106,700 · Mann Mortgage
Dec 6, 2007
—
Michael C Brown
Sheriff Of Yellowstone County
Trustees Deed
related
—
Dec 6, 2007
$42,000
Cory Dryden
Sheriff Of Yellowstone County
Trustees Deed
related
—
Oct 19, 2006
—
Jan Wattles
Dryden,cory
Quit Claim Deed
related
—
Sep 30, 2004
—
Cory Dryden
Taylor,beverly R
Grant Deed
related
—
—
—
Sharon K Mohr
—
Loan Modification
related
$175,051 · United 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.
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