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Property profile & analytics
FOR LEASE
Office buildings
2108 Broadwater Ave 2116, Billings, MT 59102-4775
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US52-0068157
For Lease
1 / 9
Contact for pricing
2108 Broadwater Ave,Unit 2116, Billings, MT 59102-4775
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Property summary
AI-generated overview
This exceptional 312-square-foot executive office space is located at 2108 Broadwater Ave Ste 100B, Billings, MT 59102, within a landmark West End office complex. The single-tenant suite boasts recent renovations including updated HVAC, luxury vinyl plank flooring, LED lighting, and newly painted restrooms. Enjoy abundant natural light from windows, vaulted ceilings, and a private balcony. The building features a large shared reception area and tranquil garden areas. This meticulously maintained property includes 180 solar panels, providing ancillary heat during winter months. The monthly lease rate of $455 includes utilities and internet. The property sits on a 31,905 square foot lot in Yellowstone County. This is an ideal space for a professional seeking a quiet, well-appointed office environment. The suite is part of a larger complex with additional office suites available, ranging in size from 220 to 750 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
14,052 SF
Lot
0.73 ac (31,886 SF)
Zoning code
RP
APN
03-0927-06-3-11-15-0000
UPID
US52-0068157
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
-
Property Damage Appraisers Inc Real Estate Agency
-
A Better Self Counseling Counselor
-
DLH Marketing Group, Inc. Advertising Agency Marketing & Advertising
-
Vintage Five, LLC Advertising Agency Marketing & Advertising
-
Michelle C Lee Realtor Real Estate Agency
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
Solar Plaza LLC · 3 yrs held
Solar Plaza LLC
since 2023
6 recorded transactions
Zoning & alternative use
RP · 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
$22,032
Tax year 2023
Assessed value
$1,763,400
Assessed 2023
Previous assessed
$1,763,400
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$274,970
Improvement market value
$1,488,430
Total market value
$1,763,400
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
For Lease
Year built
1980
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
14,052 SF
Lot
0.73 ac (31,886 SF)
Zoning code
RP
APN
03-0927-06-3-11-15-0000
UPID
US52-0068157
Jurisdiction
YELLOWSTONE
Zoning & alternative use
RP · Billings, MT
Zoning RP · permitted uses
RP · 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
1980
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Solar Plaza LLC
Entity
Mailing address
PO BOX 982, LAUREL, MT 59044-0982
Ownership since
2023
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
Mar 17, 2023
—
Solar Plaza LLC
Paugh Solar LLC
Warranty Deed
$1,007,342 · First Interstate Bank
Feb 18, 2014
—
Cynthia P St. Charles
Paugh Solar LLC
Grant Deed
related
—
Feb 11, 2008
—
Paugh Solar LLC
Paugh,mariys Y
Quit Claim Deed
related
—
Feb 5, 2008
—
Paugh Solar LLC
Paugh St Charles LLC
Quit Claim Deed
related
—
May 10, 2006
—
Marlys Y Paugh
Henkel,albert S & Selma O
Warranty Deed
—
—
—
Solar Plaza Partnership
—
Deed Of Trust
related
$25,000 · Western Security 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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