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Property profile & analytics
OFF-MARKET
Day care centers
405 16th W St Billings, MT 59102-5019
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US52-0046441
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1968
Construction
WOOD
Total area
3,600 SF
Lot
0.6 ac (26,049 SF)
Zoning code
NC
APN
03-0927-05-3-28-18-0000
UPID
US52-0046441
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Buttons & Bows Childcare Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Harry R Clausing · 21 yrs held
Harry R Clausing
since 2005
7 recorded transactions
Zoning & alternative use
NC · Billings, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Billings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Billings submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,592
Tax year 2023
Assessed value
$607,600
Assessed 2023
Previous assessed
$607,600
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$163,692
Improvement market value
$443,908
Total market value
$607,600
Applied tax rate
965.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,600 SF
Lot
0.6 ac (26,049 SF)
Zoning code
NC
APN
03-0927-05-3-28-18-0000
UPID
US52-0046441
Jurisdiction
YELLOWSTONE
Zoning & alternative use
NC · Billings, MT
Zoning NC · permitted uses
NC · Billings, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Billings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Harry R Clausing
Individual
Mailing address
1420 W CENTRAL AVE, BILLINGS, MT 59102-5136
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2025
—
Dirt Land LLC
—
Deed
related
$300,000 · Western Security Bank
Jul 9, 2019
—
Jsc Properties LLC
—
Deed
related
$764,500 · Little Horn St Bk
May 21, 2018
—
Jsc Properties LLC
—
Deed
related
$698,432 · Little Horn St Bk
Sep 12, 2016
—
Jsc Properties LLC
—
Deed
related
$197,125 · Little Horn State Bank
Jul 22, 2005
—
Harry R Clausing
Shima,colleen M
Warranty Deed
—
—
—
Jsc Properties LLC
—
Loan Modification
related
$764,500 · Little Horn St Bk
—
—
Harry R Clausing
—
Deed Of Trust
related
—
—
—
Harry R Clausing
—
Deed Of Trust
related
$180,000 · Yellowstone Bank
—
—
Jsc Properties LLC
—
Deed Of Trust
related
$698,432 · Little Horn St Bk
—
—
Colleen M Shima
—
Deed Of Trust
related
$98,560 · Yellowstone Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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