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

    3137 Grand Ave Billings, MT 59102-8134

    • Grocery and convenience stores
    • 56,530 SF
    • 5.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0046406
    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

    • Marie Borges, FNP / Urgent Care Center
    • Albertsons Floral / Florist
    • higi / Health Consultant
    • Western Union / Money Transfer Service
    • Patricia Loge, MD / Urgent Care Center / Doctor

    Property Details for 3137 Grand Ave

    Year built
    1992
    Lot size
    5.31 lot acres
    Property size
    56,530 SF
    Zone code
    CC
    Property type
    Grocery and convenience stores
    APN
    03-1032-34-4-05-06-0000
    APU
    3103234405060000

    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
    -108.593
    Latitude
    45.7849
    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
    $71,161
    $0.00
    $0.00
    $5,695,500
    -
    $2,625,823
    $3,069,677
    $5,695,500

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      3443 Central Ave

      CONVENIENCE STORE • 2,400 SF
      3443 Central Ave, Billings, MT 59102-6611
      View Details
    • Value Estimation by Request
      47,816 SF

      1280 Grand Ave

      GROCERY, SUPERMARKET • 47,816 SF
      1280 Grand Ave, Billings, MT 59102-4232
      View Details
    • Value Estimation by Request
      10,462 SF

      Grand Ave

      CONVENIENCE STORE • 10,462 SF
      Grand Ave, Billings, MT 59102
      View Details
    • Value Estimation by Request
      44,756 SF

      2334 Central Ave

      GROCERY, SUPERMARKET • 44,756 SF
      2334 Central Ave, Billings, MT 59102-4665
      View Details
    • Value Estimation by Request
      3,486 SF

      1201 Central Ave

      CONVENIENCE STORE • 3,486 SF
      1201 Central Ave, Billings, MT 59102-5528
      View Details
    • Value Estimation by Request
      3,384 SF

      2344 Central Ave

      CONVENIENCE STORE • 3,384 SF
      2344 Central Ave, Billings, MT 59102-4668
      View Details

    Similar Nearby for Sale

    • $750,000
      2,749 SF

      High-Traffic Retail Pad Site

      Retail pad site with frontage on a lit intersection.
      1503 Grand Ave, Billings, MT 59102
      View Details
    • $750,000
      2,749 SF

      Grand Ave Retail Pad - Billings, MT

      High-traffic retail pad, billboard lease included.
      1503 Grand Ave, Billings, MT 59102
      View Details
    • $1,799,000
      7,520 SF

      Former Auto Dealership Midtown Location

      Prime Billings location suitable for auto sales or development.
      2046 Grand Ave, Billings, MT 59102
      View Details
    • $525,000
      3,600 SF

      Versatile Industrial/Flex Space Investment

      3,600 SF property with warehouse and office/retail space.
      2506 Overland Ave, Billings, MT 59102
      View Details
    • $1,599,000
      6,552 SF

      Prime Restaurant/Retail Opportunity

      High-traffic location suitable for restaurant, retail, or redevelopment.
      2010 Overland Ave, Billings, MT 59102
      View Details
    • $12,184,080
      5.17 Acres

      Billings, MT Retail Investment

      Multi-tenant retail center, strong NOI.
      2618 King Ave, Billings, MT 59102
      View Details

    Similar Nearby for Lease

    • $54,000
      5,000 SF

      Retail Pad Location Near WinCo

      Prime retail pad location adjacent to WinCo with high traffic.
      2424 Central Ave, Billings, MT 59102
      View Details
    • $14 SF/Yr
      9,211 SF

      Billings West End Retail Space

      High-traffic retail showroom, ample storage.
      2440 Grant Rd, Billings, MT 59102
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space on 24th Street

      Retail space available at a fully signalized corner location.
      533 South 24Th St West, Billings, MT 59102
      View Details
    • $10 SF/Yr
      15,592 SF

      Prime Retail Space on Grand

      High-visibility retail space in a high-traffic Billings location.
      945 Grand Ave, Billings, MT 59102
      View Details
    • Contact for pricing
      1,456 SF

      Renovated Retail/Office Space on Grand

      Two-story, renovated retail/office space with high visibility on Grand Avenue.
      2528 Grand Ave, Billings, MT 59102
      View Details
    • $15 SF/Yr
      1,420 SF

      Retail Space on Central Avenue

      Retail space available for lease on Central Avenue.
      1020 Central Ave, Billings, MT 59102
      View Details

    Property Visit Statistics

    • Visits by month
      86.2k
    • Visitors by month
      36.0k
    • Avg Time on site
      18 min
    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.
    3137 Grand Ave
    Billings, MT 59102-8134
    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.