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Property profile & analytics
FOR LEASE
Office buildings
2900 4Th Ave N, Billings, MT 59101
Entity Owned
5-yr Hold
Property ID
US52-0110511
For Lease
1 / 13
$20 SF/Yr
2900 4Th Ave N, Billings, MT 59101
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
145,960 SF
Lot
0.59 ac (25,657 SF)
Zoning code
CBD
APN
03-0927-03-2-42-03-0000
UPID
US52-0110511
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
-
Dept Of The Interior: Office Of Hearing & Appeals Government Office
-
U.S. Social Security Administration Social Security Office
-
Indian Health Service Billings Area Office Business Administration Service
-
Verizon Business Business Service Center Corporate Office
-
United States Department of Energy Federal Government Office
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
Billings Mt I Fgf LLC · 5 yrs held
Billings Mt I Fgf LLC
since 2020
7 recorded transactions
Zoning & alternative use
CBD · 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
$198,552
Tax year 2023
Assessed value
$15,891,500
Assessed 2023
Previous assessed
$15,891,500
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$1,125,986
Improvement market value
$14,765,514
Total market value
$15,891,500
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1994
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
6
Total area
145,960 SF
Lot
0.59 ac (25,657 SF)
Zoning code
CBD
APN
03-0927-03-2-42-03-0000
UPID
US52-0110511
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CBD · Billings, MT
Zoning CBD · permitted uses
CBD · 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
1994
Heating
HEAT PUMP
Cooling
Yes
Stories
6
Lot
0.59 ac
Current owner
From public records · entity-resolved
Billings Mt I Fgf LLC
Entity
Mailing address
1 N WACKER DR STE #4025, CHICAGO, IL 60606-2844
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Dec 24, 2020
—
Billings Mt I Fgf LLC
Billings Fedl Office Bldg LP
Quit Claim Deed
related
—
Nov 14, 2019
—
Billings Fedl Office Bldg LP
—
Deed
related
$9,835,743 · Bremer Bk Nat'l Assn
Mar 19, 2018
—
Billings Fedl Office Building
—
Deed
related
$10,054,455 · Bremer Bk
Mar 6, 2017
—
Billings Fedl Office Building
—
Loan Modification
related
$8,500,000 · Bremer Bk
—
—
Billings Fedl Office Bldg LP
—
Loan Modification
related
$9,835,743 · Bremer Bk Nat'l Assn
—
—
Billing Fedl Office Building
—
Loan Modification
related
$8,500,000 · Bremer Bk
—
—
Billings Fedl Office Building
—
Loan Modification
related
$10,054,455 · Bremer Bk
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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