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Property profile

2802 Montana Ave Billings, MT 59101

FOR LEASE
Retail space
Property ID
US52-0202746
33,750 SF 0.33 ac lot Built 1917
Last sale Oct 2024
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail space includes refurbished historic pressed metal ceilings and refinished hardwood floors on the first floor, with smooth concrete floors in the basement. Central public restrooms are located on both the first-floor and basement levels. Building systems and safety features include electric egress and emergency lighting, fire sprinklers throughout, and junction boxes near the top of columns on the first floor, along with two-bay metal ceiling areas. Exterior wall 120V power outlets…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$314k
Effective rate1.28%

Value estimate

· Oct 2026
$495k
$446k – $545k
NOI build-up
Gross scheduled income$506k
Vacancy & credit loss−$13k
Operating expenses−$148k
NOI · 2,126,252.31% cap applied$346k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
2,126,252.31%
$346k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionYELLOWSTONE

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.4
Storage Facility9.0
Nail Salon8.8

Location

2802 Montana Ave Billings, MT 59101
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1501 2nd N, Billings, MT 59101-2622 $596,000 Apr 2024 15,320 SF
1380 Minnesota, Billings, MT 59101-2649 $1,116,622 Feb 2019 18,690 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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