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Property profile & analytics
OFF-MARKET
Manufacturing properties
2303 1st S Ave, Billings, MT 59101
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US52-0051357
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
1956
Construction
WOOD
Total area
12,040 SF
Lot
0.48 ac (20,996 SF)
Zoning code
CI
APN
03-0927-03-1-40-01-0000
UPID
US52-0051357
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
Dovetail Holdings LLC · 3 yrs held
Dovetail Holdings LLC
since 2023
7 recorded transactions
Zoning & alternative use
CI · 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
$6,285
Tax year 2023
Assessed value
$503,000
Assessed 2023
Previous assessed
$503,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$126,834
Improvement market value
$376,166
Total market value
$503,000
Applied tax rate
9,653.0000
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
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
SPACE
Stories
1
Total area
12,040 SF
Lot
0.48 ac (20,996 SF)
Zoning code
CI
APN
03-0927-03-1-40-01-0000
UPID
US52-0051357
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CI · Billings, MT
Zoning CI · permitted uses
CI · 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
1956
Construction
WOOD
Heating
SPACE
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Dovetail Holdings LLC
Entity
Mailing address
PO BOX 324, OSAGE, MN 56570-0324
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
—
Dovetail Holdings LLC
Solem Sevier LLC
Warranty Deed
$750,000 · Solem Sevier LLC
Jun 10, 2020
—
Mark R Sevler
—
Deed
related
$250,000 · Stockman Bk/mt
Jun 19, 2019
—
Mark R Sevier
—
Deed
related
$250,000 · Stockman Bk/mt
May 22, 2017
—
Mark R Sevier
—
Deed
related
$250,000 · Stockman Bk/mt
Jul 6, 2016
—
Mark R Sevier
—
Deed
related
$250,000 · Stockman Bk/mt
Mar 12, 2013
—
Sevier,mark R
—
Trustees Deed
related
$410,411 · Stockman Bk/mt
Sep 4, 2009
—
Everett A Gabel
Gabel,everett A & Pamela J
Quit Claim Deed
related
—
Mar 7, 2008
—
Mark R Sevier
—
Trustees Deed
related
$100,000 · Yellowstone Bank
—
—
Sevier,mark R
—
Loan Modification
related
$250,000 · Stockman Bk/mt
—
—
Mark R Sevier
—
Loan Modification
related
$250,000 · Stockman Bk/mt
—
—
Mark R Sevier
—
Loan Modification
related
$250,000 · Stockman Bk/mt
—
—
Mark R Sevier
—
Deed Of Trust
related
$223,800 · Yellowstone Bank
—
—
Mark R Sevler
—
Loan Modification
related
$250,000 · Stockman Bk/mt
—
—
Mark R Sevier
—
Loan Modification
related
$250,000 · Stockman Bk/mt
—
—
Mark R Sevier
—
Deed Of Trust
related
$647,067 · Yellowstone Bank
—
—
Mark R Sevier
—
Deed Of Trust
related
$100,000 · Yellowstone Bank
—
—
Mark R Sevier
—
Loan Modification
related
$232,629 · Stockman Bank Of Montana
—
—
Mark R Sevier
—
Loan Modification
related
$250,000 · Stockman Bk/mt
—
—
Mark R Solem
—
Deed Of Trust
related
$223,800 · Yellowstone 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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