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Property profile & analytics
FOR LEASE
Super regional malls
821 N 27Th St, Billings, MT 59101
Entity Owned
Free & Clear
Property ID
US52-0011477
For Lease
1 / 11
$12 SF/Yr
821 N 27Th St, Billings, MT 59101
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Property summary
AI-generated overview
This 4,975 square foot single-tenant retail space is ideally situated in Billings, Montana's bustling downtown area, directly across from Billings Clinic and Dehler Park. Built in 1984, the property boasts a total building size of 6,474 square feet on a 17,500 square foot lot. The building is a single-story structure zoned DX - Downtown Support (APN: A07116). The space offers excellent visibility and accessibility with multiple off-street customer parking spaces and convenient rear employee parking. Security features are in place for added peace of mind. The property's prime location within the hospital corridor ensures high foot traffic and visibility, making it an exceptional opportunity for a variety of retail businesses. The open floor plan provides flexibility for customization to suit specific business needs. Excellent signage opportunities are available to maximize brand exposure. This property presents a rare chance to establish a thriving business in a high-demand area. The address is 821 N 27th St, Billings, MT 59101.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1984
Construction
WOOD
Total area
6,474 SF
Lot
0.4 ac (17,511 SF)
Zoning code
CC
APN
03-1033-32-4-32-04-0000
UPID
US52-0011477
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
-
Dope Strategies LLC Consultant
-
The Mail Drop Courier Service Postal Service
-
Leading Edge Accounting Accounting Firm
-
I Am Tech Inc Business Management Consultant
-
Western Union Bank Credit Union
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
J S R Properties LLC
J S R Properties LLC
since 2026
3 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
$10,974
Tax year 2023
Assessed value
$878,400
Assessed 2023
Previous assessed
$878,400
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$770,653
Improvement market value
$107,747
Total market value
$878,400
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
For Lease
Year built
1984
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
6,474 SF
Lot
0.4 ac (17,511 SF)
Zoning code
CC
APN
03-1033-32-4-32-04-0000
UPID
US52-0011477
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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
J S R Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
423 N BRADY AVE, BOZEMAN, MT 59715-3701
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2026
—
J S R Properties LLC
Sara Fenton
Quitclaim Deed
—
Feb 9, 2005
—
North 27th Street Building LLC
Nelson,robin J
Quit Claim Deed
related
—
Nov 13, 2001
—
Robin J Nelson
Pfohl,robin J
Quit Claim 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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