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Property profile & analytics
FOR LEASE
Office buildings
2110 Overland Ave Billings, MT 59102
Individually Owned
27-yr Hold
Property ID
US52-0080886
For Lease
1 / 14
$9 SF/Yr
2110 Overland Ave, Billings, MT 59102
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Property summary
AI-generated overview
This exceptional 72,598 square foot multi-tenant property, located at 2110 Overland Ave in Billings, Montana, presents a unique investment opportunity. The property, classified as a Class B building constructed in 1984, sits on a substantial 179,990 square foot lot. Its zoning designation is CMU2-Corridor Mixed Use 2, allowing for a diverse range of uses. The building encompasses a variety of space types, suitable for medical offices, manufacturing, warehousing, distribution, and traditional office operations
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
WOOD
Total area
58,168 SF
Lot
4.13 ac (179,990 SF)
Zoning code
HC
APN
03-0927-18-2-03-04-0000
UPID
US52-0080886
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
-
Epic Software (Bike/Boat/Book/etc) Store Corporate Office
-
Brock M. Ping, Msot Physician
-
Compassus Home Health Nursing Home
-
Heidi Efinger, NP-C Physician
-
Roy R. Hall, MD Physician
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
Ranch Rigler · 27 yrs held
Ranch Rigler
since 1998
2 recorded transactions
Zoning & alternative use
HC · 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
$74,800
Tax year 2023
Assessed value
$6,668,800
Assessed 2023
Previous assessed
$6,668,800
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$1,222,770
Improvement market value
$5,446,030
Total market value
$6,668,800
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
58,168 SF
Lot
4.13 ac (179,990 SF)
Zoning code
HC
APN
03-0927-18-2-03-04-0000
UPID
US52-0080886
Jurisdiction
YELLOWSTONE
Zoning & alternative use
HC · Billings, MT
Zoning HC · permitted uses
HC · 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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
4.13 ac
Current owner
From public records · entity-resolved
Ranch Rigler
Individual
Mailing address
3302 4TH AVE N STE #125, BILLINGS, MT 59101-1212
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2020
—
Rigler Partnership LLP
—
Deed
related
$500,000 · American Bank
Oct 9, 1998
—
Ranch Rigler
Business Ctr One LP Homestead
Grant Deed
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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