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Property profile & analytics
OFF-MARKET
Distribution centers
5201 Southgate Dr Billings, MT 59101-4636
Entity Owned
20-yr Hold
Property ID
US52-0947379
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Construction
WOOD
Total area
23,992 SF
Lot
1.87 ac (81,370 SF)
Zoning code
PUD
APN
03-0927-17-2-09-06-0000
UPID
US52-0947379
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
-
Alside Supply Center Building Supply Industrial Manufacturer
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
Southgate LLC · 20 yrs held
Southgate LLC
since 2006
4 recorded transactions
Zoning & alternative use
PUD · Billings, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of planned development zoning is to provide flexible land use and design regulations through the creation of individualized planned developments (PD) that both meet the city's growth policies and provide a specific benefit to the community
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
2,693.10 ac
Source
Realmo
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
$18,224
Tax year 2023
Assessed value
$1,624,800
Assessed 2023
Previous assessed
$1,624,800
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$738,586
Improvement market value
$886,214
Total market value
$1,624,800
Applied tax rate
981.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
23,992 SF
Lot
1.87 ac (81,370 SF)
Zoning code
PUD
APN
03-0927-17-2-09-06-0000
UPID
US52-0947379
Jurisdiction
YELLOWSTONE
Zoning & alternative use
PUD · Billings, MTZoning PUD · permitted uses
PUD · Billings, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of planned development zoning is to provide flexible land use and design regulations through the creation of individualized planned developments (PD) that both meet the city's growth policies and provide a specific benefit to the community
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
2,693.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Southgate LLC
Entity
Mailing address
1206 N 24TH ST, BOISE, ID 83702-2303
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2006
—
Southgate LLC
Dowdle,willie M
Warranty Deed
$935,672 · Willie M Dowdle
Apr 6, 2005
—
Willie M Dowdle
Sheldon,regan
Warranty Deed
$260,151 · Yellowstone Bank
—
—
Southgate LLC
—
Deed Of Trust
related
$1,175,000 · First Interstate Bank
—
—
Regan E Stiert
—
Deed Of Trust
related
$25,235 · First Citizens 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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