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Property profile & analytics
FOR LEASE
Retail space
2802 Montana Ave Billings, MT 59101
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US52-0202746
For Lease
1 / 2
$16.25 SF/Yr
2802 Montana Ave, Billings, MT 59101
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1917
Construction
WOOD
Total area
33,750 SF
Lot
0.33 ac (14,418 SF)
APN
03-0927-03-2-29-03-0000
UPID
US52-0202746
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
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
Gina Dahl · 1 yrs held
Gina Dahl
since 2024
7 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,022
Tax year 2024
Assessed value
$313,733
Assessed 2024
Previous assessed
$313,733
+0.0% YoY
Effective rate
1.28%
On assessed value
Land market value
$130,023
Improvement market value
$183,710
Total market value
$313,733
Applied tax rate
9,653.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1917
Construction
WOOD
Heating
SPACE
Cooling
NONE
Stories
3
Units
1
Total area
33,750 SF
Lot
0.33 ac (14,418 SF)
APN
03-0927-03-2-29-03-0000
UPID
US52-0202746
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
1917
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
3
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Gina Dahl
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 2203RD BILLINGS
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
—
Gina Dahl
Old Billings Hardware Development V
Deed
—
Mar 31, 2022
—
Lafever Properties LLC
Alison M La Fever
Quit Claim Deed
—
Jul 17, 2019
—
Dianne M La Fever
La Fever,alison M
Quit Claim Deed
related
—
Jul 15, 2019
—
Alison M La Fever
La Fever Neal C Trust
Quit Claim Deed
related
—
Dec 7, 2011
—
La Fever,neal C Trust
Owner Name Unavailable
Quit Claim Deed
related
—
Oct 12, 2011
—
Neal Lafever
Montana Rail Link INC
Quit Claim Deed
related
—
Jun 22, 2011
—
Montana Rail Link INC
Bnsf Railway Co
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.
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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