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Property profile & analytics
OFF-MARKET
Super regional malls
805 24th W St, Billings, MT 59102-3835
Individually Owned
7-yr Hold
Absentee Owner
Property ID
US52-0075306
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2008
Construction
WOOD
Total area
16,990 SF
Lot
1.41 ac (61,245 SF)
Zoning code
NC
APN
03-0927-06-2-01-26-0000
UPID
US52-0075306
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
-
Tangjai Thai Massage LLC Alternative Medicine Practice Spa & Massage Center
-
Blonde Beauty by Jami Lynn Hair Salon
-
Kayla Marin Beauty LLC Hair Salon
-
Beauty by Jami Lynn Hair Salon
-
Proof Donuts & Coffee Bakery Discount Store
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
Robert J Veltkamp JR. · 7 yrs held
Robert J Veltkamp JR.
since 2018
7 recorded transactions
Zoning & alternative use
NC · 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
$28,801
Tax year 2023
Assessed value
$2,305,100
Assessed 2023
Previous assessed
$2,305,100
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$443,947
Improvement market value
$1,861,153
Total market value
$2,305,100
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
16,990 SF
Lot
1.41 ac (61,245 SF)
Zoning code
NC
APN
03-0927-06-2-01-26-0000
UPID
US52-0075306
Jurisdiction
YELLOWSTONE
Zoning & alternative use
NC · Billings, MT
Zoning NC · permitted uses
NC · 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
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Robert J Veltkamp JR.
Individual
Mailing address
1612 GOLD AVE, BOZEMAN, MT 59715-2488
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2019
—
Rjvl Properties LLC
—
Deed
related
$2,010,071 · First Interstate Bank
Oct 30, 2018
—
Robert J Veltkamp JR.
Millennium Circle LLC
Warranty Deed
related
—
Jul 2, 2018
—
Nancy L Reseland
Bruton,pamela J
Warranty Deed
related
—
Aug 22, 2016
—
Plaza 24 LLC
—
Deed
related
$2,331,401 · Stockman Bk/mt
Jun 10, 2015
—
Plaza 24 LLC
—
Trustees Deed
related
$251,846 · Stockman Bk/mt
Jan 9, 2015
—
Millennium Circle LLC|plaza 24 LLC
—
Trustees Deed
related
$101,477 · Stockman Bk/mt
Nov 16, 2009
—
Plaza 24 LLC
—
Trustees Deed
related
—
Aug 26, 2009
—
Plaza 24 LLC
—
Trustees Deed
related
—
Jul 31, 2009
—
Plaza 24 LLC
—
Trustees Deed
related
$63,047 · First Interstate Bank
Aug 13, 2008
—
Michael D Stock
—
Trustees Deed
related
$2,436,952 · First Interstate Bank
Aug 12, 2008
—
Plaza 24 LLC
Stock,michael D
Warranty Deed
related
—
Jan 15, 2008
—
Michael D Stock
Eggebrecht Family
Warranty Deed
$695,676 · First Interstate Bank
May 10, 2006
—
Eggebrecht Family
—
Trustees Deed
related
$600,000 · First Interstate Bank
—
—
Plaza 24 LLC
—
Loan Modification
related
$251,846 · Stockman Bk/mt
—
—
Plaza 24 LLC
—
Loan Modification
related
$2,331,401 · Stockman Bk/mt
—
—
Plaza 24 LLC
—
Deed Of Trust
related
$2,716,874 · 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.
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