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Property profile & analytics
FOR LEASE
Super regional malls
2750 Old Hardin Rd, Billings, MT 59101
Entity Owned
8-yr Hold
Property ID
US52-0009519
For Lease
1 / 2
$14 SF/Yr
2750 Old Hardin Rd, Billings, MT 59101
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2000
Construction
WOOD
Total area
17,958 SF
Lot
3.69 ac (160,780 SF)
APN
03-1034-30-2-90-01-0000
UPID
US52-0009519
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
-
Jin's Buffet Restaurant
-
Dairy Queen Restaurant Take-out & Catering
-
Subway Take-out & Catering Catering Service
-
Domino's Pizza Take-out & Catering
-
Lockwood Laundry (Bike/Boat/Book/etc) 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
Lockwood Strip Mall Group LLC · 8 yrs held
Lockwood Strip Mall Group LLC
since 2017
6 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 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
$28,812
Tax year 2023
Assessed value
$2,719,000
Assessed 2023
Previous assessed
$2,719,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Land market value
$428,535
Improvement market value
$2,290,465
Total market value
$2,719,000
Applied tax rate
1,241.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
2000
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
17,958 SF
Lot
3.69 ac (160,780 SF)
APN
03-1034-30-2-90-01-0000
UPID
US52-0009519
Jurisdiction
YELLOWSTONE
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.69 ac
Current owner
From public records · entity-resolved
Lockwood Strip Mall Group LLC
Entity
Mailing address
PO BOX 20043, BILLINGS, MT 59104-0043
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
—
Lockwood Strip Mall Group LLC
—
Deed
related
$613,221 · Stockman Bank
Oct 23, 2017
—
Lockwood Strip Mall Group LLC
Lockwood Square Montana LLC
Quit Claim Deed
related
$1,802,000 · Lockwood Square Montana LLC
Sep 23, 2008
—
Lockwood Square Montana LLC
Beckman Freedom Church Trust
Quit Claim Deed
related
—
Jun 1, 2007
—
Lockwood Square Montana LLC
Hemstreet,dennis
Quit Claim Deed
related
—
Dec 1, 2006
—
Dennis Hemstreet
Lockwood Square LLP
Warranty Deed
related
—
Nov 15, 1999
—
Lockwood Square LLP
Keller Trust
Grant 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.
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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