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Property profile & analytics
OFF-MARKET
Auto shops
2506 Phyllis Ln, Billings, MT 59102-5614
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US52-0941554
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1979
Construction
WOOD
Total area
12,512 SF
Lot
1.31 ac (57,238 SF)
Zoning code
CC
APN
03-0926-12-1-01-10-0000
UPID
US52-0941554
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
-
Full Throttle Auto & Cycle Sales Car Dealership
-
Full Throttle Trailer Sales Car Dealership
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
Rimrock II LLC · 17 yrs held
Rimrock II LLC
since 2008
7 recorded transactions
Zoning & alternative use
CC · 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
$10,506
Tax year 2023
Assessed value
$840,900
Assessed 2023
Previous assessed
$840,900
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$416,519
Improvement market value
$424,381
Total market value
$840,900
Applied tax rate
965.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
12,512 SF
Lot
1.31 ac (57,238 SF)
Zoning code
CC
APN
03-0926-12-1-01-10-0000
UPID
US52-0941554
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CC · Billings, MT
Zoning CC · permitted uses
CC · 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
1979
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Rimrock II LLC
Entity
Mailing address
4740 UPAS AVE, BILLINGS, MT 59101-4747
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
—
Mitchell Enterprises LLC
—
Deed
related
$1,000,000 · Yellowstone Bank
Nov 19, 2020
—
Mitchell Ents LLC
—
Deed
related
$700,000 · Yellowstone Bk
Dec 10, 2019
—
Mitchell Ents LLC
—
Deed
related
$700,000 · Yellowstone Bk
Nov 4, 2019
—
Mitchell Ents LLC
—
Deed Of Trust
related
$400,000 · Yellowstone Bk
Dec 20, 2018
—
Mitchell Ents LLC
—
Deed
related
$700,000 · Yellowstone Bk
Oct 10, 2018
—
Rimrock II LLC
—
Loan Modification
related
$5,682,941 · Stockman Bk/mt
Nov 22, 2017
—
Mitchell Ents LLC
—
Deed
related
$700,000 · Yellowstone Bk
Oct 18, 2016
—
Mitchell Ents LLC
—
Trustees Deed
related
$300,000 · Yellowstone Bk
Nov 19, 2013
—
Rimrock II LLC
—
Grant Deed
related
$3,850,000 · Stockman Bank Of Montana
Jun 13, 2013
—
Rimrock II LLC
—
Grant Deed
related
$5,682,941 · Stockman Bank Of Montana
Dec 21, 2011
—
Rimrock II LLC
—
Deed Of Trust
related
$3,086,607 · Stockman Bank Of Montana
Sep 12, 2008
—
Rimrock II LLC
Stephen Zabawa
Trustees Deed
$7,611,646 · Stockman Bank Of Montana
—
—
Mitchell Ents LLC
—
Loan Modification
related
$700,000 · Yellowstone Bk
—
—
Mitchell Ents LLC
—
Loan Modification
related
$700,000 · Yellowstone Bk
—
—
Mitchell Ents LLC
—
Loan Modification
related
$700,000 · Yellowstone Bk
—
—
Mitchell Ents LLC
—
Loan Modification
related
$700,000 · Yellowstone Bk
—
—
Mitchell Ents LLC
—
Loan Modification
related
$400,000 · Yellowstone Bk
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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