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Property profile & analytics
OFF-MARKET
Theaters & concert halls
1802 Minnesota Ave Billings, MT 59101-4240
Individually Owned
Free & Clear
Property ID
US52-0056631
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1962
Construction
WOOD
Total area
19,215 SF
Lot
28.29 ac (1,232,356 SF)
Zoning code
HI
APN
03-1033-33-4-01-04-0000
UPID
US52-0056631
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
-
Pays Cafe Restaurant
-
M w Mc Coy Cattle Co Ranch
-
Public Auction Yards Agricultural Supply
-
Selle Livestock Specialty Food Shop Farmer's Market
-
Northern Rodeo Association Association Or Organization Rodeo
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
WESTERN LIVESTOCK REPORTER
WESTERN LIVESTOCK REPORTER
Zoning & alternative use
HI · 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
$52,675
Tax year 2023
Assessed value
$4,216,000
Assessed 2023
Previous assessed
$4,216,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$1,895,881
Improvement market value
$2,320,119
Total market value
$4,216,000
Applied tax rate
965.0000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
19,215 SF
Lot
28.29 ac (1,232,356 SF)
Zoning code
HI
APN
03-1033-33-4-01-04-0000
UPID
US52-0056631
Jurisdiction
YELLOWSTONE
Zoning & alternative use
HI · Billings, MT
Zoning HI · permitted uses
HI · 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
1962
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
28.29 ac
Current owner
From public records · entity-resolved
WESTERN LIVESTOCK REPORTER
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 30758, BILLINGS, MT 59107-0758
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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