Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    812 29th St Billings, MT 59101

    • Government properties
    • 0.01 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US52-0174817
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Government properties

    Property Details for 812 29th St

    Lot size
    0.01 lot acres
    Property type
    Government properties
    APN
    03-1033-32-4-21-02-0000
    APU
    3103332421020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.513
    Latitude
    45.7876
    CBSA code
    13740
    CBSA name
    BILLINGS, MT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $12,397
    $0.00
    $12,397

    Comparable in this City

    • Value Estimation by Request
      0.88 Acres

      Billings, MT 59101

      CENTRALLY ASSESSED • 0.88 Acres
      Billings, MT 59101
      View Details
    • Value Estimation by Request
      11.61 Acres

      Billings, MT 59101

      CENTRALLY ASSESSED • 11.61 Acres
      Billings, MT 59101
      View Details
    • Value Estimation by Request

      Billings, MT 59101

      CENTRALLY ASSESSED
      Billings, MT 59101
      View Details
    • Value Estimation by Request
      0.17 Acres

      Billings, MT 59101

      CENTRALLY ASSESSED • 0.17 Acres
      Billings, MT 59101
      View Details
    • Value Estimation by Request

      411 17th St

      CENTRALLY ASSESSED
      411 17th St, Billings, MT 59101
      View Details
    • Value Estimation by Request

      6132 Frontage Rd

      CENTRALLY ASSESSED
      6132 Frontage Rd, Billings, MT 59101-6381
      View Details

    Similar Nearby for Sale

    • $1,985,000
      9,244 SF

      Award-Winning Billings Event Venue

      Montana lifestyle opportunity: event venue, gardens, and residential homes.
      720 Washington St, Billings, MT 59101
      View Details
    • $2,300,000

      Billings Aviation Property with Hangar

      Aviation property featuring office space and airplane hangar.
      1613 Aviation Pl, Billings, MT 59101
      View Details
    • $340,000
      2,098 SF

      Billings Triplex Investment Opportunity

      Well-maintained triplex near downtown Billings, ideal for investors.
      238 Terry Ave, Billings, MT 59101
      View Details
    • $225,000
      2,943 SF

      Downtown Billings Restaurant - Turnkey

      Established Billings eatery, prime location.
      119 Broadway, Billings, MT 59101
      View Details
    • $175,000
      0.92 Acres

      Residential Lot in Emerald Eagle

      Large lot in Lockwood neighborhood with panoramic views.
      440 Summertime Way, Billings, MT 59101
      View Details
    • $90,000
      0.69 Acres

      Residential Land in Lockwood Neighborhood

      Single-family lot in Emerald Eagle Estates with panoramic views.
      320 Sunlight Cir, Billings, MT 59101
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      MT, Billings - N 29th St

      Discover many ways to work your way in DE, Wilmington - N Market St
      208 29Th St, Billings, MT 59101
      View Details
    • $8 SF/Yr
      24,075 SF

      Downtown Billings Commercial Space

      Historic building, flex space available
      2223 Montana Ave, Billings, MT 59101
      View Details
    • $16 SF/Yr
      15,925 SF

      Downtown Billings Office Space

      Class A Office Suites, Various Sizes
      0 27Th St, Billings, MT 59101
      View Details
    • Contact for pricing

      Billings Commercial Property For Rent

      Commercial property suitable for office and warehouse use in Billings.
      1123 3Rd Ave N, Billings, MT 59101
      View Details
    • Contact for pricing

      Downtown Billings Remodeled Commercial Space

      Remodeled commercial space in historic downtown Billings, available end of 2025.
      2624 Montana Ave, Billings, MT 59101
      View Details
    • Contact for pricing

      Downtown Retail Space Available

      2,800 SF retail space in downtown Billings for lease.
      14 S 27Th St, Billings, MT 59101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    812 29th St
    Billings, MT 59101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!