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Property profile & analytics
OFF-MARKET
Showrooms
2545 Spain Brg Rd, Belgrade, MT 59714-8759
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US52-0181259
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2019
Construction
WOOD
Total area
8,361 SF
Lot
2.8 ac (121,968 SF)
APN
06-0904-04-3-01-60-0000
UPID
US52-0181259
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
-
Signs Here (Bike/Boat/Book/etc) Store Printing Service
-
Insight CBS Marketing & Advertising (Bike/Boat/Book/etc) Store
-
High Montana Marketing & Advertising Advertising Agency
-
Morrison shop Corporate Office
-
Morrison design and land scaping Corporate Office
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
David Morrison · 7 yrs held
David Morrison
since 2019
5 recorded transactions
Zoning & alternative use
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 Belgrade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belgrade 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
$16,848
Tax year 2023
Assessed value
$2,035,794
Assessed 2023
Previous assessed
$2,035,794
+0.0% YoY
Effective rate
0.83%
On assessed value
Land market value
$391,134
Improvement market value
$1,644,660
Total market value
$2,035,794
Applied tax rate
236,803.0000
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
2019
Construction
WOOD
Heating
YES
Buildings
2
Stories
2
Units
1
Total area
8,361 SF
Lot
2.8 ac (121,968 SF)
APN
06-0904-04-3-01-60-0000
UPID
US52-0181259
Jurisdiction
GALLATIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2019
Construction
WOOD
Heating
YES
Stories
2
Buildings
2
Units
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
David Morrison
Individual
Mailing address
4152 BELGIAN CT, BOZEMAN, MT 59718-8019
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
—
Kmb LLC
—
Deed
related
$670,407 · First Interstate Bank
Nov 6, 2019
—
Kmb LLC
—
Deed
related
$703,048 · First Interstate Bank
Jun 13, 2019
—
David Morrison
Reverse Teci LLC
Warranty Deed
$225,093 · First Interstate Bank
May 1, 2019
—
Reverse Teci LLC
Fierce Allegiance Development LLC
Warranty Deed
$10,000 · First Interstate Bank
Aug 3, 2005
—
Progressive Property LLC
Zions First National Bank
Quit Claim Deed
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.
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