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Property profile & analytics
FOR SALE
Bars & Pubs
75 27Th St W, Billings, MT 59102
Entity Owned
Property ID
US52-0047948
For Sale
1 / 28
$2,350,000
75 27Th St W, Billings, MT 59102
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1989
Construction
WOOD
Total area
4,810 SF
Lot
0.69 ac (30,187 SF)
Zoning code
CC
APN
03-0926-01-4-01-12-0000
UPID
US52-0047948
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
-
Treasure Creek Casino Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Pepper's Bar & Casino Hotel & Motel Resort
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
Millice Park Investors LLC
Millice Park Investors LLC
since 2026
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
$13,582
Tax year 2023
Assessed value
$1,087,100
Assessed 2023
Previous assessed
$1,087,100
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$228,373
Improvement market value
$858,727
Total market value
$1,087,100
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1989
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
4,810 SF
Lot
0.69 ac (30,187 SF)
Zoning code
CC
APN
03-0926-01-4-01-12-0000
UPID
US52-0047948
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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Millice Park Investors LLC
Entity
Mailing address
75 27TH ST W, BILLINGS, MT 59102-6656
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Millice Park Investors LLC
Storm Mountain Properties LLC
Warranty Deed
—
Apr 10, 2018
—
Storm Mountain Properties LLC
—
Deed
related
$751,884 · Stockman Bk/mt
Apr 6, 2018
—
Storm Mountain Properties LLC
Daystar Dev LLC
Warranty Deed
$626,270 · Stockman Bk/mt
Dec 26, 2017
—
Daystar Dev LLC
—
Deed
related
$780,120 · Yellowstone Bk
Jul 28, 2016
—
Daystar Development LLC
—
Deed
related
$411,000 · Yellowstone Bank
Jul 7, 2016
—
Daystar Dev LLC
—
Deed
related
$411,000 · Yellowstone Bk
Oct 16, 2013
—
Daystar Dev LLC
—
Trustees Deed
related
$20,517 · Yellowstone Bank
Dec 31, 2007
—
Daystar Dev LLC
Severson,craig & Nicole
Quit Claim Deed
related
—
May 16, 2007
—
Craig Severson
Lamplighter Lounge INC
Warranty Deed
$864,831 · Beartooth Bank
—
—
Daystar Dev LLC
—
Loan Modification
related
$411,000 · Yellowstone Bk
—
—
Lamplighter Lounge INC
—
Deed Of Trust
related
$125,522 · Rocky Mountain Bank
—
—
Daystar Dev LLC
—
Deed Of Trust
related
$780,120 · Yellowstone Bk
—
—
Craig M Severson
—
Deed Of Trust
related
—
—
—
Daystar Dev LLC
—
Deed Of Trust
related
$1,265,120 · Yellowstone Bank
—
—
Craig Severson
—
Deed Of Trust
related
$741,000 · First Interstate Bank
—
—
Daystar Dev LLC
—
Loan Modification
related
$780,120 · Yellowstone Bk
—
—
Lamplighter Lounge INC
—
Deed Of Trust
related
$92,355 · Rocky Mountain Bank
—
—
Storm Mountain Properties LLC
—
Deed Of Trust
related
$751,884 · Stockman Bk/mt
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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