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

    3487 Broso Park Dr Billings, MT 59102

    • Medical offices
    • 25,010 SF
    • 3.28 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0099570
    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

    • Medical offices

    Property Details for 3487 Broso Park Dr

    Year built
    2009
    Construction
    WOOD
    Lot size
    3.28 lot acres
    Property size
    25,010 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    03-0926-23-1-02-01-0000
    APU
    3092623102010000

    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
    -108.606
    Latitude
    45.737
    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
    $46,853
    $0.00
    $0.00
    $4,177,200
    -
    $988,349
    $3,188,851
    $4,177,200

    Comparable in this City

    • Value Estimation by Request
      6,104 SF

      2294 Grant Rd

      MEDICAL BUILDING • 6,104 SF
      2294 Grant Rd, Billings, MT 59102-7423
      View Details
    • Value Estimation by Request
      19,633 SF

      1739 Spg Crk Dr

      MEDICAL BUILDING • 19,633 SF
      1739 Spg Crk Dr, Billings, MT 59102-6747
      View Details
    • Value Estimation by Request
      2,195 SF

      609 Houle Dr

      MEDICAL BUILDING • 2,195 SF
      609 Houle Dr, Billings, MT 59102-4862
      View Details
    • Value Estimation by Request
      3,272 SF

      1650 Rimrock Rd

      MEDICAL BUILDING • 3,272 SF
      1650 Rimrock Rd, Billings, MT 59102-0700
      View Details
    • Value Estimation by Request
      36,604 SF

      3144 Grand Ave

      MEDICAL BUILDING • 36,604 SF
      3144 Grand Ave, Billings, MT 59102
      View Details
    • Value Estimation by Request
      2,577 SF

      2911 Grand Ave

      MEDICAL BUILDING • 2,577 SF
      2911 Grand Ave, Billings, MT 59102-6526
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      350 SF

      Renovated Salon in Prime Location

      Turnkey salon in Billings, MT, renovated in 2025.
      Salon Business, Billings, MT 59102
      View Details
    • Contact for pricing
      8 SF

      Versatile Office/Medical Property Available

      Flexible office/medical space suitable for various tenants.
      1701 Avenue, Billings, MT 59102
      View Details
    • $1,495,000
      4,961 SF

      Billings Office Condo For Sale

      Office condominium in west Billings with investment or owner-user potential.
      3936 Avenue B, Billings, MT 59102
      View Details
    • $699,000
      3 SF

      Billings Heights Newer Office Building

      Class A office building built in 2008 with high-quality finishes.
      1668 Gleneagles Blvd, Billings, MT 59102
      View Details
    • $3,995,000
      18 SF

      New Construction Shop/Warehouse For Sale

      18,939 SF new construction shop/warehouse with office space.
      1450 S 32Nd St W Billings, Billings, MT 59102
      View Details
    • $540,000
      3,120 SF

      Free Standing Midtown Retail Building

      Midtown retail building, remodeled in 2010, suitable for multiple uses.
      644 Broadwater Ave, Billings, MT 59102
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      72,598 SF

      Billings Industrial/Office Space For Lease

      Versatile multi-tenant space, various sizes available.
      2110 Overland Ave, Billings, MT 59102
      View Details
    • $14 SF/Yr
      6,500 SF

      Billings Industrial Trio

      Three modern warehouses, 6,500 SF total.
      1142 29Th St, Billings, MT 59102
      View Details
    • $24 SF/Yr
      6,750 SF

      Grant Road Office Suites

      Modern Billings Office Space Available
      2240 Grant Rd, Billings, MT 59102
      View Details
    • $3,543 /Mo
      1,555 SF

      Medical Office Space For Rent

      1,555 SF medical office space available for sublease.
      3307 Grand Ave, Billings, MT 59102
      View Details
    • $11 SF/Yr
      1,071 SF

      Contemporary Office Suite For Rent

      High-end office suite with medical-grade ventilation and ample parking.
      1690 Rimrock Rd, Billings, MT 59102
      View Details
    • $1,400 /Mo
      1,050 SF

      Office Space For Rent

      Office space suitable for medical, professional, and educational services.
      71 25Th St W, Billings, MT 59102
      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.
    3487 Broso Park Dr
    Billings, MT 59102
    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.