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Property profile & analytics
OFF-MARKET
Garden apartment buildings
2814 2nd S Ave Billings, MT 59101-4107
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US52-0053783
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1928
Construction
WOOD
Total area
2,368 SF
Lot
0.06 ac (2,744 SF)
Zoning code
RMF-R
APN
03-0927-03-1-04-06-0000
UPID
US52-0053783
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
-
Cricket Clothing Co Clothing & Fashion Store
-
Montana Dress Co Clothing & Fashion Store
-
furnace filmworks Film Production Television Studio
-
Look At You Photography Photography Service (Bike/Boat/Book/etc) Store
-
Billings Open Studio (Bike/Boat/Book/etc) Store Photography Service
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
Anatnom Era Ew LLC · 4 yrs held
Anatnom Era Ew LLC
since 2021
7 recorded transactions
Zoning & alternative use
RMF-R · 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
$5,230
Tax year 2023
Assessed value
$586,100
Assessed 2023
Previous assessed
$586,100
+0.0% YoY
Effective rate
0.89%
On assessed value
Land market value
$17,887
Improvement market value
$568,213
Total market value
$586,100
Applied tax rate
965.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
HOT WATER
Cooling
NONE
Stories
2
Bathrooms
8
Total area
2,368 SF
Lot
0.06 ac (2,744 SF)
Zoning code
RMF-R
APN
03-0927-03-1-04-06-0000
UPID
US52-0053783
Jurisdiction
YELLOWSTONE
Zoning & alternative use
RMF-R · Billings, MT
Zoning RMF-R · permitted uses
RMF-R · 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
1928
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Bathrooms
8
Lot
0.06 ac
Current owner
From public records · entity-resolved
Anatnom Era Ew LLC
Entity
Mailing address
2526 GRAND AVE, BILLINGS, MT 59102-7111
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
—
Anatnom Era Ew LLC
—
Deed
related
$94,145 · Opportunity Bank Of Mt
Dec 17, 2021
—
Anatnom Era Ew LLC
Pedro LLC
Warranty Deed
$452,000 · Opportunity Bank Of Mt
Apr 4, 2016
—
Pedro LLC
Schmidt,stephanie A
Quit Claim Deed
related
—
Feb 26, 2016
—
Pedro LLC
Lmrsm LLC
Warranty Deed
$315,000 · Stockman Bk/mt
Dec 12, 2007
—
Lmrsm LLC
L & S Ventures LLC
Warranty Deed
$242,521 · First National Bank Of Montana INC
Mar 21, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Dec 5, 2006
—
Larry J Watson
Anderson,brad
Warranty Deed
related
—
Nov 13, 2006
—
Larry Watson
Watson,larry
Quit Claim Deed
related
$105,000 · First Interstate Bank
—
—
L & S Ventures LLC
—
Deed Of Trust
related
$185,000 · First Interstate 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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