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Property profile & analytics
OFF-MARKET
Specialty properties
511 Grand Ave, Billings, MT 59101-5926
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US52-0450520
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1959
Construction
WOOD
Total area
2,478 SF
Lot
0.43 ac (18,600 SF)
Zoning code
NC
APN
03-1033-31-4-04-06-0000
UPID
US52-0450520
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
Evangelical Lutheran C Trinity · 18 yrs held
Evangelical Lutheran C Trinity
since 2007
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
Assessed value
$367,192
Assessed 2023
Previous assessed
$367,192
+0.0% YoY
Land market value
$86,052
Improvement market value
$281,140
Total market value
$367,192
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
2,478 SF
Lot
0.43 ac (18,600 SF)
Zoning code
NC
APN
03-1033-31-4-04-06-0000
UPID
US52-0450520
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
1959
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Evangelical Lutheran C Trinity
Individual
Mailing address
537 GRAND AVE, BILLINGS, MT 59101-5926
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2007
—
Evangelical Lutheran C Trinity
Cosgrove,tammy
Warranty Deed
$376,030 · Yellowstone Bank
Jul 23, 2007
—
Tammy Cosgrove
Cosgrove Industries LLC
Quit Claim Deed
related
—
Feb 24, 2006
$250,500
Cosgrove Industries LLC
Lamdin,william D III
Trustees Deed
$164,534 · Yellowstone Bank
Oct 21, 1998
—
James L Bauer
Mcandrew,robert D
Grant Deed
$150,000 · Norwest Bank Montana
—
—
Evangelical Lutheran C Trinity
—
Deed Of Trust
related
$515,548 · David Sellers
—
—
James L Bauer
—
Deed Of Trust
related
$355,000 · Yellowstone Bank
—
—
James L Bauer
—
Deed Of Trust
related
$180,000 · Yellowstone Bank
—
—
Evangelical Lutheran C Trinity
—
Deed Of Trust
related
$561,587 · 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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