Back to Search
Property profile & analytics
OFF-MARKET
Showrooms
2494 Enterprise Ave Billings, MT 59102-7400
Entity Owned
1-yr Hold
Property ID
US52-0120803
Property summary
AI-generated overview
This exceptional 10,000 square foot industrial property, located at 2494 Enterprise Ave in Billings, Montana, presents a compelling value-add investment opportunity. Priced at $1,495,000, this Class B building sits on a substantial 32,161 square foot lot, zoned CX - Heavy Commercial, making it ideal for a variety of uses. Built in 1995 with an addition completed in 2000, the structure features a 14-foot overhead door, providing convenient access for loading and unloading. The property boasts a 3-phase, 400-amp electrical system and a prominent pylon sign. Inside, you'll find a retail showroom and shop area, perfectly suited for service and distribution businesses. The lease type is NNN, and the asking price per square foot is $11. This prime location in Billings' service and distribution area offers excellent potential for growth and return on investment. The single-tenant building is ready for its next chapter. Don't miss this chance to acquire a versatile and well-located commercial property in a thriving Montana market.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Construction
STEEL FRAME
Total area
10,000 SF
Lot
0.74 ac (32,147 SF)
Zoning code
CI
APN
03-0926-13-1-08-08-0000
UPID
US52-0120803
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
-
R & T Services HVAC Service General Contractor
-
Better Home Comfort Billings HVAC HVAC Service General Contractor
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
Coondog Group LLC · 1 yrs held
Coondog Group LLC
since 2024
4 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
$7,028
Tax year 2023
Assessed value
$626,600
Assessed 2023
Previous assessed
$626,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$242,271
Improvement market value
$384,329
Total market value
$626,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
10,000 SF
Lot
0.74 ac (32,147 SF)
Zoning code
CI
APN
03-0926-13-1-08-08-0000
UPID
US52-0120803
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
1995
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Coondog Group LLC
Entity
Mailing address
2494 ENTERPRISE AVE, BILLINGS, MT 59102-7400
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2024
—
Coondog Group LLC
R And T Refrigeration And Appliance
Warranty Deed
$780,000 · Stockman Bank Of Montana
—
—
R T Refrigeration
—
Deed Of Trust
related
$183,770 · First Interstate Bank
—
—
R T Refrigeration
—
Deed Of Trust
related
$146,242 · Rocky Mountain Bank
—
—
R Ptshp
—
Deed Of Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2494 Enterprise Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
