Trust Owned 
For Sale
1 / 10
Property summary
This exceptional downtown Billings retail property offers a compelling investment opportunity. The 3,204 square foot building, renovated in 2023, comprises three distinct units: a 960 sq ft retail space, an 876 sq ft one-bedroom apartment, and a 1,008 sq ft storage facility. Currently 100% occupied, generating a strong net operating income (NOI) of $23,256 annually, representing a 4.66% cap rate. The asking price is $499,000, or $155.74 per square foot. Built in 1950 and situated on a… 10,497 sq ft lot, this Class B, net-lease property boasts excellent visibility and convenient access, located behind the Granite Building and near the medical corridor and downtown business center. The property's prime location ensures high foot traffic and strong rental demand, making it an ideal investment for both immediate income and long-term appreciation. This multi-tenant setup provides diversification and minimizes vacancy risk. The combination of retail, residential, and storage units offers a unique and versatile investment opportunity in a thriving Montana market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
2 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,834 SF
- Lot area
- 0.24 ac
- Year built
- 1950
- Stories
- 1
- APN
- 03-0927-03-2-19-06-0000
- Zoning
- CBD
- Assessed value · 2023
- $257,900
- Annual tax · 2023
- $3,223
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $3,223
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Billings market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The CBD district is the downtown mixed-use core intended to continue the existing character of the highly walkable downtown commercial corridors with storefronts and residential uses on the ground story and upper story l…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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