Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2999 Old Hardin Rd Billings, MT 59101-6838

    • Automotive properties
    • 41,462 SF
    • 41.39 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0232413
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bretz RV & Marine Body Shop / Rv Repair Shop / Auto Body Shop
    • Bretz RV & Marine / Auto Body Shop / Rv Repair Shop
    • Bretz RV & Marine Service Department / Rv Repair Shop
    • Bretz RV & Marine Parts Store / Rv Supply Store

    Property Details for 2999 Old Hardin Rd

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    41.39 lot acres
    Property size
    41,462 SF
    Property type
    Automotive properties
    APN
    03-1034-19-4-30-01-0000
    APU
    3103419430010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.407
    Latitude
    45.8172
    CBSA code
    13740
    CBSA name
    BILLINGS, MT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $68,540
    $0.00
    $0.00
    $6,468,182
    -
    $2,157,342
    $4,310,840
    $6,468,182

    Comparable in this City

    • Value Estimation by Request
      27,200 SF

      4432 Frontage Rd

      VEHICLE SALES, RENTALS • 27,200 SF
      4432 Frontage Rd, Billings, MT 59101-7719
      View Details
    • Value Estimation by Request
      13,094 SF

      7420 Entryway Dr

      VEHICLE SALES, RENTALS • 13,094 SF
      7420 Entryway Dr, Billings, MT 59101-6271
      View Details
    • Value Estimation by Request
      5,152 SF

      849 1st N Ave

      VEHICLE SALES, RENTALS • 5,152 SF
      849 1st N Ave, Billings, MT 59101-2621
      View Details
    • Value Estimation by Request
      34,618 SF

      6900 Frontage Rd

      VEHICLE SALES, RENTALS • 34,618 SF
      6900 Frontage Rd, Billings, MT 59101-6220
      View Details
    • Value Estimation by Request
      22,864 SF

      Goodman Rd

      VEHICLE SALES, RENTALS • 22,864 SF
      Goodman Rd, Billings, MT 59101
      View Details
    • Value Estimation by Request
      10,648 SF

      5124 Laurel Rd

      VEHICLE SALES, RENTALS • 10,648 SF
      5124 Laurel Rd, Billings, MT 59101-4612
      View Details

    Similar Nearby for Sale

    • $2,100,000
      17,377 SF

      Billings Investment Property For Sale

      Midtown Billings investment property with fenced storage and parking.
      235 Moore Ln, Billings, MT 59101
      View Details
    • Contact for pricing
      15,925 SF

      Downtown Office Space with Views

      Class A office space in the heart of downtown Billings.
      27 N 27Th St, Billings, MT 59101
      View Details
    • $650,000
      12,556 SF

      Billings Commercial Property For Sale

      Commercial property in Billings, MT, suitable for auto or retail.
      5 Washington St, Billings, MT 59101
      View Details
    • $1,750,000
      15,802 SF

      Downtown Billings Multi-Tenant Office Property

      Two-building, renovated office property with on-site parking in downtown Billings.
      3312 4Th Ave N, Billings, MT 59101
      View Details
    • $995,000

      Billings Commercial Property For Sale

      Commercial property available in Billings, Montana.
      2305 Montana Ave, Billings, MT 59101
      View Details
    • $992,000
      1.47 Acres

      South Billings Commercial Land

      Prime 1.47-acre retail development site.
      0 Billings Blvd, Billings, MT 59101
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      33,750 SF

      Downtown Billings Office Space

      Prime Billings location; flexible suites available.
      2624 Montana Ave, Billings, MT 59101
      View Details
    • $7 SF/Yr
      13,972 SF

      Downtown Billings Retail Space

      Prime Retail Location, 2,800 SF Available
      14 27Th St, Billings, MT 59101
      View Details
    • $16 SF/Yr
      1,709 SF

      Refurbished Retail Space Available

      Historic retail space with modern amenities for lease.
      2802 Montana Ave, Billings, MT 59101
      View Details
    • $9 SF/Yr
      15,000 SF

      Versatile Office and Shop Space

      Office and shop space with showroom, offices, and heated warehouse.
      454 Moore Ln, Billings, MT 59101
      View Details
    • $9 SF/Yr
      295,400 SF

      Billings Industrial Space Available

      Class A Distribution Facility, 295,400 SF
      3218 Frontage Rd, Billings, MT 59101
      View Details
    • $10 SF/Yr
      16,044 SF

      Prime Commercial Space in Billings

      Highly desirable location with flexible layout for various businesses.
      2912 3Rd Ave North, Billings, MT 59101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2999 Old Hardin Rd
    Billings, MT 59101-6838
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.