Entity Owned Property summary
AI-generated overview
This 1,792-square-foot flex space, located at 3724 1st Ave S in Billings, Montana, presents a compelling owner-user opportunity. Priced at $298,000 ($166.29/sq ft), this vacant property offers a blend of office and warehouse space ideal for various businesses. The single-story, Class B building, constructed in 1950, sits on an 8,750-square-foot lot and is zoned CMU1-Corridor Mixed Use 1. Features include a newly installed steel roof (2023), two bays with 10'x10' overhead doors, floor drains in the warehouse area, washer/dryer hookups, and a new shop heater (2020). The interior boasts a welcoming reception/lobby area, two private offices, and two restrooms (non-ADA compliant). Ceiling heights vary, with 8 feet in the office and 12 feet in the warehouse. The property also benefits from a partially fenced yard and excellent visibility, providing ample outdoor space and convenient ingress/egress. The updated exterior features stucco and brick. This property is perfect for a small automotive shop, detailing business, or similar operation. The property's APN is A08809.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
WOOD
Total area
1,792 SF
Lot
0.2 ac (8,756 SF)
Zoning code
R-60
APN
03-0927-03-3-23-06-0000
UPID
US52-0057690
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
R-60 · Billings, MT
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$320k
Value range
$288k – $352k
±10% around blend
Estimated value / SF
$179 / SF
Confidence
Property data
100
Comparable evidence
60
$288k
blend $320k
$352k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,792 SF
Lot area
0.2 ac
Year built
1950
Stories
1
APN
03-0927-03-3-23-06-0000
Zoning
R-60
Assessed value
$189,600
Annual tax
$2,369
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$320k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$190k
Move the market yield to see immediate price impact.
Value / SF
$106
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$12k
$239k
$171k
$133k
$13k
$265k
$190k
$147k
$15k
$292k
$209k
$162k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,369
Tax year 2023
Assessed value
$189,600
Assessed 2023
Previous assessed
$189,600
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$54,731
Improvement market value
$134,869
Total market value
$189,600
Applied tax rate
965.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
YES
Stories
1
Total area
1,792 SF
Lot
0.2 ac (8,756 SF)
Zoning code
R-60
APN
03-0927-03-3-23-06-0000
UPID
US52-0057690
Jurisdiction
YELLOWSTONE
Zoning & alternative use
R-60 · Billings, MTZoning R-60 · permitted uses
R-60 · Billings, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
YES
Stories
1
Lot
0.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R-60
Jurisdiction
Billings, MT
Recorded code
R-60
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-60 in Billings, MT.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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