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Property profile & analytics
OFF-MARKET
Office buildings
2016 Grand Ave, Billings, MT 59102-2675
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US52-0096828
Property summary
AI-generated overview
This exceptional two-story Class B office building, situated at 2016 Grand Avenue in Billings, Montana, presents a compelling investment or leasing opportunity. Boasting a total of 14,204 square feet, the property includes one suite encompassing the entire building. Currently, 3,000 square feet of office space is readily available for lease or purchase. Built in 1976 and renovated in 2007, the building offers a blend of established infrastructure and modern updates. The property sits on a substantial 47,698 square foot lot, zoned for Community Commercial use. Ample parking is provided with 60 spaces available for tenants and visitors. The building's convenient location off Grand Avenue in Billings, Montana (zip code 59102) offers excellent accessibility and visibility. The property's APN is A02331B, located in Yellowstone County. This presents a rare chance to acquire a well-maintained, established office building in a thriving Montana market. The property's size and layout are ideal for a variety of businesses seeking a prominent presence in Billings. Serious inquiries are encouraged to explore the possibilities of this prime commercial real estate offering.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
WOOD
Total area
7,102 SF
Lot
1.09 ac (47,698 SF)
Zoning code
CC
APN
03-0927-06-2-14-26-0000
UPID
US52-0096828
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
-
Early Childhood Intervention Daycare Center Foster Care Service
-
Growing Together Social Service Agency Community 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
Rk Development LLC · 1 yrs held
Rk Development LLC
since 2024
7 recorded transactions
Zoning & alternative use
CC · 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
$18,804
Tax year 2023
Assessed value
$1,505,000
Assessed 2023
Previous assessed
$1,505,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$364,653
Improvement market value
$1,140,347
Total market value
$1,505,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
7,102 SF
Lot
1.09 ac (47,698 SF)
Zoning code
CC
APN
03-0927-06-2-14-26-0000
UPID
US52-0096828
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CC · Billings, MT
Zoning CC · permitted uses
CC · 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
1976
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Rk Development LLC
Entity
Mailing address
4040 PARKHILL DR, BILLINGS, MT 59106-1713
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 15, 2025
—
Rk Development LLC
—
Deed
related
$1,000,000 · First Federal Bank & Trust
Dec 27, 2024
—
Rk Development LLC
Rk Development LLC
Deed
related
—
Oct 2, 2024
—
Rk Development LLC
—
Deed
related
$397,000 · First Federal Bank & Trust
Jun 22, 2022
—
Rk Development LLC
—
Deed
related
$936,800 · Yellowstone Bank
May 6, 2021
—
Bobbie Rae Sessions
—
Deed
related
$100,000 · Glacier Bank
May 18, 2016
—
Sessions,bobbie R Trust
E & B Landmark Ltd
Quit Claim Deed
related
—
Feb 28, 2014
—
E & B Landmark Ltd
Patrick J Nichols Trust
Grant Deed
related
—
Aug 2, 2002
—
Patrick,tr
Hunt,richard J & Virginia F
Grant Deed
related
$505,000 · First National Bank & Trust
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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