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Property profile & analytics
OFF-MARKET
Showrooms
7800 Shorey Rd Billings, MT 59106-9569
Entity Owned
2-yr Hold
Property ID
US52-0029740
Property summary
AI-generated overview
This 5,505-square-foot manufacturing building in Yellowstone County, Montana, presents a unique leasing opportunity. Situated on 15 acres (with potential for expansion), this single-tenant property is ideally suited for cannabis cultivation or other light industrial uses. The building features three grow rooms, ample additional space, and two overhead doors. Included are lighting and grow racks, along with 1,000 amps of single-phase power. Security measures include a gated entry and perimeter fencing. The lease rate is $22 per square foot, NNN, with estimated NNN charges of approximately $300 per month. The property is zoned outside city limits and offers reciprocal access to the 15-acre lot, with the possibility of leasing additional acreage. This turn-key facility provides a secure and efficient workspace for a variety of industrial applications. The property is located at 7800 Shorey Rd, Billings, MT 59106.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2007
Construction
STEEL FRAME
Total area
50,600 SF
Lot
116.01 ac (5,053,221 SF)
APN
03-1031-03-4-01-01-0000
UPID
US52-0029740
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
-
Blue Creek Storage at Shorey Road Storage Facility
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
Blue Creek Storage LLC · 2 yrs held
Blue Creek Storage LLC
since 2023
7 recorded transactions
Zoning & alternative use
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
$10,150
Tax year 2023
Assessed value
$1,359,572
Assessed 2023
Previous assessed
$1,359,572
+0.0% YoY
Effective rate
0.75%
On assessed value
Land market value
$109,782
Improvement market value
$1,249,790
Total market value
$1,359,572
Applied tax rate
1,978.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
50,600 SF
Lot
116.01 ac (5,053,221 SF)
APN
03-1031-03-4-01-01-0000
UPID
US52-0029740
Jurisdiction
YELLOWSTONE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
116.01 ac
Current owner
From public records · entity-resolved
Blue Creek Storage LLC
Entity
Mailing address
2135 BLUE CRK RD, BILLINGS, MT 59101-9201
Ownership since
2023
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
Nov 9, 2023
—
Blue Creek Storage LLC
Donald Christensen
Quit Claim Deed
related
—
May 9, 2022
—
Jamey Eisenbarth
Blue Creek Storage LLC
Quit Claim Deed
related
—
Jan 14, 2022
—
Blue Creek Storage LLC
Wheels Up LLC
Warranty Deed
$2,078,376 · First State Bank & Trust
Jun 1, 2020
—
Wheels Up LLC
Kirksey Properties LLC
Warranty Deed
$378,885 · Stockman Bk/mt
May 22, 2007
—
Kirksey Properties LLC
Owner Name Unavailable
Grant Deed
related
—
Apr 24, 2007
—
Kirksey Properties LLC
Wren,john D
Quit Claim Deed
related
—
Nov 1, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
May 31, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
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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