Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    309 Main St Laurel, MT 59044-3110

    • Retail space
    • 3,000 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0948919
    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

    • Cornerstone Plumbing, Heating and Cooling / Air Conditioning Repair Service / Heating Contractor
    • Crash Champions Collision Repair Laurel / Auto Body Shop / Auto Repair Shop

    Property Details for 309 Main St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property size
    3,000 SF
    Property type
    Retail space
    APN
    03-0821-09-3-05-08-0000
    APU
    3082109305080000

    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
    Laurel
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.775
    Latitude
    45.6687
    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
    $2,154
    $0.00
    $0.00
    $193,200
    -
    $31,484
    $161,716
    $193,200

    Comparable in this City

    • Value Estimation by Request
      7,392 SF

      321 Bernhardt Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,392 SF
      321 Bernhardt Rd, Laurel, MT 59044-8709
      View Details
    • Value Estimation by Request
      1,500 SF

      207 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      207 Main St, Laurel, MT 59044-3108
      View Details
    • Value Estimation by Request
      17,830 SF

      101 Main St

      RETAIL STORES (PERSONAL SERVICES) • 17,830 SF
      101 Main St, Laurel, MT 59044-3100
      View Details
    • Value Estimation by Request
      4,224 SF

      401 1st Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,224 SF
      401 1st Ave, Laurel, MT 59044-3318
      View Details
    • Value Estimation by Request
      5,000 SF

      706 1st St

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      706 1st St, Laurel, MT 59044-2901
      View Details
    • Value Estimation by Request
      2,700 SF

      620 4th St

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      620 4th St, Laurel, MT 59044-3310
      View Details

    Similar Nearby for Sale

    • $295,000
      5,400 SF

      Historic Retail Space in Laurel

      2,700 SF open-concept retail space in downtown Laurel.
      111 E Main St, Laurel, MT 59044
      View Details
    • $575,000
      4,100 SF

      Retail Property in Laurel, MT

      Retail property available for sale in Laurel, Montana.
      401 E Main St, Laurel, MT 59044
      View Details
    • $2,500,000
      9,804 SF

      Laurel Car Wash - Prime Location

      Established car wash with high income potential.
      511 Main St, Laurel, MT 59044
      View Details
    • $2,100,000
      9,804 SF

      Carwash and Warehouse on Large Lots

      Operating carwash and heated warehouse on six city lots.
      511 W Main St, Laurel, MT 59044
      View Details
    • $1,585,000
      9,146 SF

      Laurel Multifamily Property For Sale

      16-unit multifamily property with recent renovations and new construction.
      921 E 4Th St, Laurel, MT 59044
      View Details
    • $497,000
      2.96 Acres

      Commercial Land Near Laurel, MT

      2.96-acre commercial lot with high traffic exposure near Laurel.
      2 Clark Stone Bnd, Laurel, MT 59044
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      1,869 SF

      Remodeled Restaurant with Drive-Through

      Stand-alone restaurant with drive-through, excellent visibility, and high-traffic location.
      101 S 1St Ave, Laurel, MT 59044
      View Details
    • $6,800 /Mo
      16,522 SF

      Laurel Warehouse with Fenced Yard

      9,250 SF warehouse space with loading dock and parking.
      520 W Main St, Laurel, MT 59044
      View Details
    • $1,000 /Mo

      Land for Lease, Retail Exposure

      1-2 acres of land for lease with highway commercial zoning.
      917 W Main St, Laurel, MT 59044
      View Details
    • $9 SF/Yr
      3,900 SF

      Industrial Space Available for Rent

      Industrial property with 3,900 square feet available for rent.
      709 E Main St, Laurel, MT 59044
      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.
    309 Main St
    Laurel, MT 59044-3110
    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.