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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
611 27th St, Billings, MT 59101-1112
Entity Owned
Free & Clear
Property ID
US52-0042542
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1970
Total area
25,768 SF
Lot
1.61 ac (70,349 SF)
Zoning code
CC
APN
03-1033-32-4-23-02-0000
UPID
US52-0042542
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
-
Albertsons Pharmacy Pharmacy
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First Interstate Bank - ATM Atm Money Transfer Service
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Albertsons Bakery Bakery Specialty Food Shop
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Kori D. Miller, PharmD Pharmacy
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Zelda Boogman, RPH Pharmacy
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
Albertsons LLC
Albertsons LLC
since 2025
7 recorded transactions
Zoning & alternative use
CC · 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
$45,899
Tax year 2023
Assessed value
$3,673,600
Assessed 2023
Previous assessed
$3,673,600
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$3,056,126
Improvement market value
$617,474
Total market value
$3,673,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1970
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
25,768 SF
Lot
1.61 ac (70,349 SF)
Zoning code
CC
APN
03-1033-32-4-23-02-0000
UPID
US52-0042542
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CC · Billings, MT
Zoning CC · permitted uses
CC · 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
1970
Heating
YES
Cooling
Yes
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Albertsons LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2025
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
Sep 22, 2025
—
Albertsons LLC
Abs Mt O LLC
Warranty Deed
—
Feb 20, 2018
—
Abs Mt-o LLC
—
Loan Modification
related
—
Mar 29, 2013
—
Abs Mt-o LLC
New Albertsons INC
Warranty Deed
related
—
Oct 12, 2001
—
Albertsons INC
United States Steel
Quit Claim Deed
related
—
—
—
Abs Mt-o LLC
—
Loan Modification
related
$300,000,000 · Credit Suisse Ag Cayman Iss Br
—
—
Abs Mt-o LLC
—
Deed Of Trust
related
$1,145,000,000 · * Other Institutional Lenders
—
—
Abs Mt-o LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
—
—
Abs Mt-o LLC
—
Deed Of Trust
related
$1,150,000,000 · Citicorp Svgs/fl
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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