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Property profile & analytics
OFF-MARKET
Retail space
423 Kuhlman Dr Billings, MT 59105-2450
Individually Owned
2-yr Hold
Free & Clear
Property ID
US52-0099521
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
WOOD
Total area
2,400 SF
Lot
0.25 ac (10,977 SF)
Zoning code
RMF
APN
03-1033-22-4-12-05-0000
UPID
US52-0099521
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
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
Jeremy C Austin · 2 yrs held
Jeremy C Austin
since 2023
7 recorded transactions
Zoning & alternative use
RMF · 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
$4,368
Tax year 2023
Assessed value
$392,502
Assessed 2023
Previous assessed
$392,502
+0.0% YoY
Effective rate
1.11%
On assessed value
Land market value
$88,132
Improvement market value
$304,370
Total market value
$392,502
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
6
Bathrooms
2
Total area
2,400 SF
Lot
0.25 ac (10,977 SF)
Zoning code
RMF
APN
03-1033-22-4-12-05-0000
UPID
US52-0099521
Jurisdiction
YELLOWSTONE
Zoning & alternative use
RMF · Billings, MT
Zoning RMF · permitted uses
RMF · 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
1963
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
6
Bathrooms
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Jeremy C Austin
Individual
Free & Clear · 2 yrs held
Mailing address
423 KUHLMAN DR, BILLINGS, MT 59105-2450
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2023
—
Jeremy C Austin
Edwin L Fillmore
Warranty Deed
—
Aug 22, 2023
$1,837
Flying S Title And Escrow Of Mt INC
Treasurer Of Yellowstone County
Redemption Deed
related
—
Aug 11, 2023
—
Anthony Taylor
Jeremy C Austin
Warranty Deed
$364,332 · Bravera Bank
Jul 26, 2011
—
Edwin L Fillmore
Fillmore,thomas L & Sarah L
Quit Claim Deed
related
—
Sep 21, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Edwin L Fillmore
—
Deed Of Trust
related
$25,000 · Stockman Bank Of Montana
—
—
Edwin L Fillmore
—
Deed Of Trust
related
$76,359 · Stockman Bank Of Montana
—
—
Edwin L Fillmore
—
Deed Of Trust
related
$46,849 · Stockman Bank Of Montana
—
—
Edwin L Fillmore
—
Deed Of Trust
related
$25,000 · Stockman Bank Of Montana
—
—
Edwin L Fillmore
—
Deed Of Trust
related
$46,319 · Stockman Bank Of Montana
—
—
Edwin L Fillmore
—
Deed Of Trust
related
$110,000 · Stockman Bank Of Montana
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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