Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    902 Miles Ave Billings, MT 59101-2905
    Back to Search
    Property profile & analytics

    902 Miles Ave, Billings, MT 59101-2905

    View on Map
    • Investment properties
    • 620 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US52-0955518
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sunflower Academy Childcare / Daycare Center

    Property Details for 902 Miles Ave

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Zone code
    R6000
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    03-0927-05-4-12-12-0000
    APU
    3092705412120000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 4, 2019 — K-bar Invs Prop LLC — Deed · related $21k · Stockman Bk/mt
    Nov 30, 2011 — K-bar Investment Props LLC Jl Land LLP Warranty Deed · related —
    May 27, 2005 — Jl Land LLP Abell,dale E Warranty Deed $97k · Yellowstone Bank
    — — K-bar Invs Prop LLC — Deed Of Trust · related $15k · Stockman Bk/mt
    — — K-bar Invs Prop LLC — Deed Of Trust · related $21k · Stockman Bk/mt
    — — Dale E Abell — Deed Of Trust · related $81k · Yellowstone Bank
    — — Jl Land LLP — Deed Of Trust · related —
    — — K-bar Investment Props LLC — Deed Of Trust · related $201k · Stockman Bank Of Montana

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.539
    Latitude
    45.7738
    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
    $3,099
    $0.00
    $0.00
    $320,759
    -
    $42,739
    $278,020
    $320,759

    Comparable in this City

    • Value Estimation by Request
      862 SF

      319 14th St

      OFFICE/RESIDENTIAL (MIXED USE)
      319 14th St, Billings, MT 59101-2530
      View Details
    • Value Estimation by Request
      922 SF

      715 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      715 Grand Ave, Billings, MT 59101-5823
      View Details
    • Value Estimation by Request
      2,307 SF

      3317 3rd N Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      3317 3rd N Ave, Billings, MT 59101-1906
      View Details
    • Value Estimation by Request
      1,093 SF

      720 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      720 Grand Ave, Billings, MT 59101-5824
      View Details
    • Value Estimation by Request
      10,240 SF

      1 28th St

      OFFICE/RESIDENTIAL (MIXED USE)
      1 28th St, Billings, MT 59101-4102
      View Details
    • Value Estimation by Request
      1,182 SF

      511 30th St

      OFFICE/RESIDENTIAL (MIXED USE)
      511 30th St, Billings, MT 59101-1139
      View Details

    Similar Nearby for Sale

    • $855,000

      Shop Condo with Living Space

      New construction shop/warehouse with office/apartment near Interstate 90.
      3734 Cres Lk Rd, Billings, MT 59101
      View Details
    • $820,000

      Professional Office Building on Grand

      High-visibility office building suitable for investors or owner-occupiers.
      145 Grand Ave, Billings, MT 59101
      View Details
    • $575,000
      6,811 SF

      Mixed-Use Property in Billings, MT

      Versatile mixed-use property with high traffic exposure in Billings.
      1315 6Th Ave N, Billings, MT 59101
      View Details
    • Contact for pricing
      3,125 SF

      Warehouse Condo Unit For Sale

      Warehouse condo unit for sale featuring essential amenities.
      9442 Sanctuary Ests Dr, Billings, MT 59101
      View Details
    • Contact for pricing
      3,125 SF

      Warehouse Condo Unit For Sale

      Warehouse condo unit featuring bathroom, insulation, heating, well, and septic.
      9442 Sanctuary Ests Dr, Billings, MT 59101
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Iconic Masonic Temple Mixed-Use Space

      Renovated mixed-use space in downtown Billings with retail, office.
      2804 3Rd Ave N, Billings, MT 59101
      View Details
    • $18 SF/Yr
      1,750 SF

      Montana Ave Retail Space

      Downtown Billings Retail Opportunity
      2223 Montana Ave, Billings, MT 59101
      View Details
    • Contact for pricing

      Commercial Space with Fenced Yard

      Flex space with fenced yard, overhead door, and parking.
      1125 Maggie Ln, 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.
    902 Miles Ave
    Billings, MT 59101-2905
    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

    Thank You for Inquiry
    902 Miles Ave, Billings, MT, 59101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!