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Property profile & analytics
OFF-MARKET
Medical Office Space
801 29th St Billings, MT 59101-0905
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US52-0202787
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1952
Total area
87,552 SF
Lot
7.48 ac (325,829 SF)
Zoning code
MCPZD
APN
03-1033-32-4-25-01-0000
UPID
US52-0202787
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
-
Billings Clinic Breast Center Physician
-
Billings Clinic Cancer Center Medical Clinic Hospital
-
Family Birth Center- Billings Clinic Medical Clinic
-
Billings Clinic: Sanderson Charlotte A Physician
-
Billings Clinic Hospital: Price Scott D MD Physician
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
Billings Clinic · 15 yrs held
Billings Clinic
since 2011
3 recorded transactions
Zoning & alternative use
MCPZD · 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
Assessed value
$39,276,076
Assessed 2023
Previous assessed
$31,981,648
+22.8% YoY
Land market value
$13,935,646
Improvement market value
$25,340,430
Total market value
$39,276,076
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1952
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
87,552 SF
Lot
7.48 ac (325,829 SF)
Zoning code
MCPZD
APN
03-1033-32-4-25-01-0000
UPID
US52-0202787
Jurisdiction
YELLOWSTONE
Zoning & alternative use
MCPZD · Billings, MT
Zoning MCPZD · permitted uses
MCPZD · 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
1952
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
2
Lot
7.48 ac
Current owner
From public records · entity-resolved
Billings Clinic
Individual
Free & Clear · 15 yrs held
Mailing address
2800 10TH AVE N, BILLINGS, MT 59101-0703
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2011
—
Billings Clinic
Kirby Dev Co INC
Quit Claim Deed
related
—
Mar 23, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Nov 12, 2008
—
Billings Clinic
Billings Clinic
Quit Claim Deed
related
$60,000,000 · Us Bk
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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