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Property profile & analytics
OFF-MARKET
Warehouses
2850 Overland Ave Billings, MT 59102-7452
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US52-0001332
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
WOOD
Total area
1,392 SF
Lot
3.29 ac (143,095 SF)
Zoning code
CI
APN
03-0926-13-1-01-01-0000
UPID
US52-0001332
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
-
Smart Storage Storage Facility
-
Storage Rentals of America Storage Facility
-
Bangart Construction & Excvtn Construction Company General Contractor
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
Brighthouse Life Insurance Company · 3 yrs held
Brighthouse Life Insurance Company
since 2022
7 recorded transactions
Zoning & alternative use
CI · Billings, MT
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
$25,224
Tax year 2023
Assessed value
$2,248,900
Assessed 2023
Previous assessed
$2,248,900
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$989,198
Improvement market value
$1,259,702
Total market value
$2,248,900
Applied tax rate
981.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
1,392 SF
Lot
3.29 ac (143,095 SF)
Zoning code
CI
APN
03-0926-13-1-01-01-0000
UPID
US52-0001332
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CI · Billings, MTZoning CI · permitted uses
CI · Billings, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
3.29 ac
Current owner
From public records · entity-resolved
Brighthouse Life Insurance Company
Entity
Mailing address
324 S DATURA ST #450, WEST PALM BEACH, FL 33401-5414
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
—
Brighthouse Life Insurance Company
Sroa 2850 Overland Mt LLC
Assignment Of Lease (leasehold Sale)
$148,200,000 · Brighthouse Financial
Oct 8, 2020
—
Ko Storage Of Billings LLC
Homestead Capital LLC
Warranty Deed
$2,212,000 · Bloomsdale
Dec 5, 2018
—
Homestead Cap
Ss-billings LLC
Trustees Deed
related
$2,520,020 · Stockman Bk/mt
Dec 31, 2014
—
Ss Billings LLC
Bangert Mini Storage LLC
Warranty Deed
$2,349,689 · First Interstate Bank
May 31, 2011
—
Bangert Mini Storage LLC
—
Deed Of Trust
related
$1,655,665 · Yellowstone Bank
Jul 28, 2009
—
Bangert Mini Storage LLC
Bangert,larry & Nancy
Quit Claim Deed
related
—
Jul 23, 2009
—
Larry Bangert
Bangert Transition Exchange Ll
Quit Claim Deed
related
—
Dec 31, 2008
—
Bangert Transition Exchange LLC
A & E Mini Storage LLC
Warranty Deed
$2,625,000 · Stockman Bank
Oct 21, 1998
—
A & E Mini Storage LLC
United Industry INC
Grant Deed
$505,000 · Yellowstone Bank
—
—
Bangert Mini Storage LLC
—
Loan Modification
related
$1,655,665 · Yellowstone Bank
—
—
A & E Mini Storage LLC
—
Deed Of Trust
related
$586,048 · Yellowstone Bank
—
—
A & E Mini Storage LLC
—
Deed Of Trust
related
$47,493 · Yellowstone Bank
—
—
Transition Exchange Ll Bangert
—
Deed Of Trust
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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