Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    531 Sugar Ave Billings, MT 59101-5656

    • Data centers and call centers
    • 312 SF
    OFF-MARKET
    Last Sale
    Sep 24, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0042808
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Data centers and call centers

    Property Details for 531 Sugar Ave

    Year built
    2010
    Construction
    STEEL FRAME
    Property size
    312 SF
    Property type
    Data centers and call centers
    APN
    03-0927-11-3-19-05-4000
    APU
    3092711319054000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.492
    Latitude
    45.7606
    CBSA code
    13740
    CBSA name
    BILLINGS, MT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,927
    $0.00
    $0.00
    $197,950
    -
    $0.00
    $197,950
    $197,950

    Comparable in this City

    • Value Estimation by Request
      2,949 SF

      Billings, MT 59101

      RADIO OR TV STATION • 2,949 SF
      Billings, MT 59101
      View Details
    • Value Estimation by Request
      512 SF

      1636 Coburn Rd

      RADIO OR TV STATION • 512 SF
      1636 Coburn Rd, Billings, MT 59101
      View Details
    • Value Estimation by Request
      2,752 SF

      636 Haugen St

      RADIO OR TV STATION • 2,752 SF
      636 Haugen St, Billings, MT 59101-5602
      View Details
    • Value Estimation by Request
      400 SF

      2020 Coburn Rd

      RADIO OR TV STATION • 400 SF
      2020 Coburn Rd, Billings, MT 59101
      View Details
    • Value Estimation by Request
      4,124 SF

      1700 Coburn Rd

      RADIO OR TV STATION • 4,124 SF
      1700 Coburn Rd, Billings, MT 59101
      View Details
    • Value Estimation by Request
      490 SF

      Billings, MT 59101

      RADIO OR TV STATION • 490 SF
      Billings, MT 59101
      View Details

    Similar Nearby for Sale

    • $850,000
      8 SF

      Professional Office Building on Grand

      High-visibility office building suitable for investors or owner-occupiers.
      145 Grand Ave Billings, Billings, MT 59101
      View Details
    • $998,000
      6 SF

      Adaptable Commercial Property For Sale

      Commercial property featuring office building and shop space for sale.
      2404 N 24Th St, Billings, MT 59101
      View Details
    • $2,500,000
      117,141 SF

      Downtown Billings High-Rise Opportunity

      Iconic 8-story building in downtown Billings with repositioning potential.
      303 North Broadway, Billings, MT 59101
      View Details
    • Contact for pricing
      15,925 SF

      Downtown Office Space with Views

      Class A office space in the heart of downtown Billings.
      27 N 27Th St, Billings, MT 59101
      View Details
    • $350,000

      Established Insurance Office for Sale

      Turnkey insurance office with established business and growth potential.
      2707 1St Ave N, Billings, MT 59101
      View Details
    • Contact for pricing
      136,868 SF

      Downtown Billings Office Spaces Available

      Class A office spaces for sale in downtown Billings.
      175 N 27Th St, Billings, MT 59101
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      12,864 SF

      Prime Billings Executive Office Space

      Downtown Billings Office, Ample Parking
      3333 2Nd Ave, Billings, MT 59101
      View Details
    • $15 SF/Yr
      1,950 SF

      Billings Office Space For Rent

      Office space available for lease in Billings, Montana.
      2724 Montana Ave, Billings, MT 59101
      View Details
    • $4,800 /Mo
      4,128 SF

      Versatile Warehouse with Office, Apartment

      4,128 SF property with warehouse, office, and apartment space.
      3641 S 56Th St W, Billings, MT 59101
      View Details
    • $9 SF/Yr
      3,325 SF

      Main Floor Office Space

      Main floor office with private offices, reception, and breakroom.
      2525 6Th Ave N, Billings, MT 59101
      View Details
    • $500 /Mo
      17,406 SF

      Downtown Billings Office Space

      Office space in historic Montana Power Building, downtown Billings.
      115 N Broadway, Billings, MT 59101
      View Details
    • $24 SF/Yr
      33,750 SF

      Downtown Billings Office Space

      Prime Billings location; flexible suites available.
      2624 Montana Ave, Billings, MT 59101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    531 Sugar Ave
    Billings, MT 59101-5656
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.