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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
217 4th E St, Missoula, MT 59801-2725
Entity Owned
2-yr Hold
Free & Clear
Property ID
US52-0083574
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2021
Construction
WOOD
Total area
119,296 SF
Lot
0.62 ac (27,181 SF)
Zoning code
1
APN
04-2200-22-3-14-06-0000
UPID
US52-0083574
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
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
204 The Reed LLC · 2 yrs held
204 The Reed LLC
since 2024
7 recorded transactions
Zoning & alternative use
1 · Missoula, 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 Missoula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Missoula 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
$96,737
Tax year 2023
Assessed value
$8,107,467
Assessed 2023
Previous assessed
$8,107,467
+0.0% YoY
Effective rate
1.19%
On assessed value
Land market value
$519,357
Improvement market value
$7,588,110
Total market value
$8,107,467
Applied tax rate
583.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
YES
Buildings
2
Stories
4
Units
6
Bathrooms
18
Total area
119,296 SF
Lot
0.62 ac (27,181 SF)
Zoning code
1
APN
04-2200-22-3-14-06-0000
UPID
US52-0083574
Jurisdiction
MISSOULA
Zoning & alternative use
1 · Missoula, MT
Zoning 1 · permitted uses
1 · Missoula, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Missoula. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
WOOD
Heating
YES
Stories
4
Buildings
2
Units
6
Bathrooms
18
Lot
0.62 ac
Current owner
From public records · entity-resolved
204 The Reed LLC
Entity
Free & Clear · 2 yrs held
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2024
—
204 The Reed LLC
Amber Israelsen
Quit Claim Deed
related
—
Apr 21, 2023
—
Moz LLC
Frances P Legon
Warranty Deed
$910,000 · Clearwater FCU
Mar 15, 2023
—
The Reed LLC
Bear Stauss LLC
Warranty Deed
—
Nov 6, 2020
—
Reed LLC
Cade LLC
Warranty Deed
—
Nov 2, 2020
—
Cade LLC
Cade LLC
Quit Claim Deed
related
—
Dec 28, 2018
—
Pupaw LLC
Johnson,charles L JR
Warranty Deed
—
—
—
Charles L Johnson JR.
—
Deed Of Trust
related
$125,000 · Winthrop W JR Dada
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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