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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
2970 Central Ave Billings, MT 59102-8634
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US52-0113678
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2022
Construction
WOOD
Total area
111,108 SF
Lot
8.87 ac (386,290 SF)
Zoning code
R-96
APN
03-0926-12-2-73-01-0000
UPID
US52-0113678
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
Hunters Pointe Apartments Phase 2 L · 4 yrs held
Hunters Pointe Apartments Phase 2 L
since 2022
4 recorded transactions
Zoning & alternative use
R-96 · 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
$56,778
Tax year 2023
Assessed value
$6,362,075
Assessed 2023
Previous assessed
$6,362,075
+0.0% YoY
Effective rate
0.89%
On assessed value
Land market value
$1,935,235
Improvement market value
$4,426,840
Total market value
$6,362,075
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
6
Stories
4
Units
96
Rooms
5
Bathrooms
1
Total area
111,108 SF
Lot
8.87 ac (386,290 SF)
Zoning code
R-96
APN
03-0926-12-2-73-01-0000
UPID
US52-0113678
Jurisdiction
YELLOWSTONE
Zoning & alternative use
R-96 · Billings, MT
Zoning R-96 · permitted uses
R-96 · 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
2022
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Buildings
6
Units
96
Rooms
5
Bathrooms
1
Lot
8.87 ac
Current owner
From public records · entity-resolved
Hunters Pointe Apartments Phase 2 L
Individual
Mailing address
11650 S STATE ST STE #300, DRAPER, UT 84020-7143
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
—
Hunters Pointe Apartments Phase 2 L
3038 Central LLC
Quit Claim Deed
related
$20,400,000 · Bank Of Utah
Apr 12, 2016
—
William Kramer
Kramer,william
Quit Claim Deed
related
—
Jul 16, 2015
—
Douglas W Kramer
Kramer Lydia
Quit Claim Deed
related
—
Nov 20, 2014
—
Lydia Kramer
Kramer Lydia Trust
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.
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