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Property profile & analytics
FOR SALE
Office buildings
831 Cerise Rd, Billings, MT 59101
Entity Owned
4-yr Hold
Property ID
US52-0950959
For Sale
1 / 32
$2,100,000
831 Cerise Rd, Billings, MT 59101
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
STEEL FRAME
Total area
18,732 SF
Lot
5.08 ac (221,241 SF)
APN
03-1033-26-3-01-70-0000
UPID
US52-0950959
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
-
Hot Express Trucking Company
-
Capra Group Construction Company
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
831 Cerise Road LLC · 4 yrs held
831 Cerise Road LLC
since 2021
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
$14,364
Tax year 2023
Assessed value
$1,355,500
Assessed 2023
Previous assessed
$1,355,500
+0.0% YoY
Effective rate
1.06%
On assessed value
Land market value
$440,897
Improvement market value
$914,603
Total market value
$1,355,500
Applied tax rate
1,241.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1976
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Total area
18,732 SF
Lot
5.08 ac (221,241 SF)
APN
03-1033-26-3-01-70-0000
UPID
US52-0950959
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
1976
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
5.08 ac
Current owner
From public records · entity-resolved
831 Cerise Road LLC
Entity
Mailing address
149 SHILOH RD UNIT #3311, BILLINGS, MT 59106-2762
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
831 Cerise Road LLC
—
Deed
related
$1,898,803 · Western Security Bank
Mar 10, 2022
—
831 Cerise Road LLC
—
Deed
related
$1,250,000 · Rocky Mountain Bank
Dec 29, 2021
—
831 Cerise Road LLC
Wirth Investments LLC
Warranty Deed
—
May 7, 2014
—
Wirth Investments LLC
Wirth,kevin
Quit Claim Deed
related
—
Sep 20, 2012
—
Kevin Wirth
Gavriel LLC
Warranty Deed
$1,215,000 · Borrego Springs Bank
Sep 23, 2011
—
Daniel Carpenter
—
Trustees Deed
related
$100,000 · First Interstate Bank
Sep 7, 2011
—
Daniel Carpenter
—
Trustees Deed
related
$654,514 · First Interstate Bank
Feb 4, 2008
—
Gavriel LLC
Powers,nicholas III
Warranty Deed
$615,000 · Nicholas III Powers
Oct 5, 2007
—
Nicholas Powers III
Aa Land LLC
Warranty Deed
$457,758 · Stockman Bk/mt
—
—
Big Sky Fire Protection INC
—
Deed Of Trust
related
$100,000 · First Interstate Bank
—
—
Daniel Carpenter
—
Deed Of Trust
related
—
—
—
Big Sky Fire Protection INC
—
Deed Of Trust
related
$75,000 · First Interstate Bank
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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