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Property profile & analytics
OFF-MARKET
Showrooms
2521 Enterprise Ave, Billings, MT 59102-6470
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US52-0955310
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Construction
WOOD
Total area
11,187 SF
Lot
0.55 ac (24,045 SF)
Zoning code
CI
APN
03-0926-13-1-05-19-0000
UPID
US52-0955310
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
-
Cabinet Roots LLC Warehouse & Storage
-
Sundberg America - Appliance and HVAC Parts Big Box & Wholesale Store Electronics & Wireless Store
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
Michael W Myers · 20 yrs held
Michael W Myers
since 2005
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
$6,551
Tax year 2023
Assessed value
$584,100
Assessed 2023
Previous assessed
$584,100
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$184,393
Improvement market value
$399,707
Total market value
$584,100
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
1985
Construction
WOOD
Heating
SPACE
Stories
1
Total area
11,187 SF
Lot
0.55 ac (24,045 SF)
Zoning code
CI
APN
03-0926-13-1-05-19-0000
UPID
US52-0955310
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
1985
Construction
WOOD
Heating
SPACE
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Michael W Myers
Individual
Mailing address
2521 ENTERPRISE AVE STE #1, BILLINGS, MT 59102-6470
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2012
—
Michael W Myers
—
Trustees Deed
related
$151,265 · Yellowstone Bank
Aug 17, 2010
—
Michael W Myers
—
Trustees Deed
related
$50,000 · Yellowstone Bank
Mar 29, 2010
—
Michael W Myers
—
Trustees Deed
related
$360,000 · Yellowstone Bank
Dec 28, 2009
—
Michael W Myers
—
Trustees Deed
related
$360,000 · Yellowstone Bank
Nov 26, 2008
—
Michael W Myers
—
Trustees Deed
related
$360,000 · Yellowstone Bank
Sep 22, 2008
—
Michael W Myers
—
Trustees Deed
related
$360,000 · Yellowstone Bank
Jul 15, 2005
—
Michael W Myers
Montana Silversmiths INC
Warranty Deed
$360,000 · Yellowstone Bank
—
—
Myers,michael W
—
Loan Modification
related
$151,265 · Yellowstone Bk
—
—
Michael W Myers
—
Deed Of Trust
related
$151,265 · Yellowstone Bank
—
—
Michael W Myers
—
Deed Of Trust
related
$50,000 · Yellowstone Bank
—
—
Myers,michael W
—
Loan Modification
related
$151,265 · Yellowstone Bk
—
—
Michael W Myers
—
Deed Of Trust
related
$50,000 · 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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