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Property profile & analytics
OFF-MARKET
Distribution centers
1830 Harnish Blvd Billings, MT 59101-6226
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US52-0183244
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Construction
WOOD
Total area
173,592 SF
Lot
11.56 ac (503,554 SF)
Zoning code
CI
APN
03-0926-24-2-01-14-0000
UPID
US52-0183244
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
-
Coca-Cola Bottling Company High Country Big Box & Wholesale Store Distribution Center
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
Messinger Co LLC · 7 yrs held
Messinger Co LLC
since 2019
7 recorded transactions
Zoning & alternative use
CI · Billings, MT
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
$44,723
Tax year 2023
Assessed value
$3,987,203
Assessed 2023
Previous assessed
$3,987,203
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$1,162,043
Improvement market value
$2,825,160
Total market value
$3,987,203
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
NONE
Stories
2
Total area
173,592 SF
Lot
11.56 ac (503,554 SF)
Zoning code
CI
APN
03-0926-24-2-01-14-0000
UPID
US52-0183244
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CI · Billings, MTZoning CI · permitted uses
CI · Billings, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2022
Construction
WOOD
Heating
NONE
Stories
2
Lot
11.56 ac
Current owner
From public records · entity-resolved
Messinger Co LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2210 N PLZ DR, RAPID CITY, SD 57702-3601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2019
—
Messinger Co LLC
Nelson Marte M Trust
Warranty Deed
related
—
Apr 29, 2013
—
Nelson,marte M Trust
—
Loan Modification
related
$7,500,000 · Us Bank NA
Mar 21, 2013
—
Nelson,marte M Trust
—
Deed Of Trust
related
$9,700,000 · Us Bank NA
Jul 18, 2011
—
Nelson,marte M Trust
—
Trustees Deed
related
$2,800,000 · Us Bank NA
Apr 21, 1999
—
Steve D Nelson
Carlson Trust
Grant Deed
related
—
—
—
Nelson,marte M Trust
—
Loan Modification
related
—
—
—
Nelson,marte M Trust
—
Loan Modification
related
$10,000,000 · Us Bank NA
—
—
Steve D Nelson
—
Deed Of Trust
related
$450,000 · Western Security Bank
—
—
Steve D Nelson
—
Deed Of Trust
related
$250,000 · Western Security Bank
—
—
Nelson Marte M Trust
—
Deed Of Trust
related
$4,000,000 · Us Bank NA
—
—
Nelson Marte M Trust
—
Deed Of Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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