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Property profile & analytics
OFF-MARKET
Showrooms
2102 2nd N Ave Billings, MT 59101-2203
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US52-0084708
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
WOOD
Total area
38,000 SF
Lot
0.64 ac (28,009 SF)
Zoning code
E.BLGS RAILSPUR VILG
APN
03-1033-33-3-19-02-0000
UPID
US52-0084708
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
-
Air Controls Plumbing Plumbing Service General Contractor
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
Jami Development LLC · 11 yrs held
Jami Development LLC
since 2015
6 recorded transactions
Zoning & alternative use
E.BLGS RAILSPUR VILG · 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
$11,216
Tax year 2023
Assessed value
$897,718
Assessed 2023
Previous assessed
$897,718
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$250,458
Improvement market value
$647,260
Total market value
$897,718
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
SPACE
Stories
2
Total area
38,000 SF
Lot
0.64 ac (28,009 SF)
Zoning code
E.BLGS RAILSPUR VILG
APN
03-1033-33-3-19-02-0000
UPID
US52-0084708
Jurisdiction
YELLOWSTONE
Zoning & alternative use
E.BLGS RAILSPUR VILG · Billings, MTZoning E.BLGS RAILSPUR VILG · permitted uses
E.BLGS RAILSPUR VILG · 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
1900
Construction
WOOD
Heating
SPACE
Stories
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Jami Development LLC
Entity
Mailing address
1118 S 72ND ST W, BILLINGS, MT 59106-3150
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2020
—
Jami Dev LLC
—
Deed
related
—
Jul 20, 2015
—
Jami Development LLC
Ellingson Brothers LLC
Warranty Deed
$542,914 · First Interstate Bank
Mar 3, 2003
—
Ellingson Brothers LLC
Liptac,larry
Grant Deed
related
—
Dec 7, 2001
—
Larry Liptac
Clapper,robert A & Levonne N
Grant Deed
related
—
—
—
Ellingson Brothers LLC
—
Deed Of Trust
related
$400,000 · Us Bank NA Nd
—
—
Jami Dev LLC
—
Loan Modification
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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