New search
Property profile & analytics
OFF-MARKET
Outlet malls
905 24th W St, Billings, MT 59102-7408
Entity Owned
Absentee Owner
Property ID
US52-0044811
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1990
Construction
WOOD
Total area
120,208 SF
Lot
8.23 ac (358,412 SF)
Zoning code
HC
APN
03-0927-18-2-07-04-0000
UPID
US52-0044811
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
-
Dr. John Gingrich Physician
-
COSTCO LOADING DOCK Distribution Center Logistics Company
-
At Home Furniture & Home Goods Home Decor Store
-
The Home Décor Superstore Furniture & Home Goods Home Decor 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
905 S 24th Loan LLC
905 S 24th Loan LLC
since 2026
7 recorded transactions
Zoning & alternative use
HC · 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
$120,528
Tax year 2023
Assessed value
$10,745,700
Assessed 2023
Previous assessed
$10,745,700
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$5,685,956
Improvement market value
$5,059,744
Total market value
$10,745,700
Applied tax rate
981.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
120,208 SF
Lot
8.23 ac (358,412 SF)
Zoning code
HC
APN
03-0927-18-2-07-04-0000
UPID
US52-0044811
Jurisdiction
YELLOWSTONE
Zoning & alternative use
HC · Billings, MT
Zoning HC · permitted uses
HC · 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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
8.23 ac
Current owner
From public records · entity-resolved
905 S 24th Loan LLC
Entity
Mailing address
6 W 18TH ST STE 2D, NEW YORK, NY 10011-4633
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2026
—
905 S 24th Loan LLC
905 South 24th Street West Owner LLC
Deed
—
Nov 5, 2020
—
905 S 24th Street W Owner LLC
—
Deed
related
$6,700,000 · Wilmington Tr NA Series 2 (ce)
Jan 13, 2017
—
905 South 24th Street West Own
—
Deed
related
$6,700,000 · Deutsche Bk Ag/ny Branch
Sep 29, 2016
—
905 South 24th Street West Own
Spirit Spe Portfolio 2006-1 Ll
Grant Deed
related
—
Mar 27, 2012
—
King Avenue Billings LLC
Depierro D & S Trust
Warranty Deed
—
Jul 21, 2010
—
Shopko Spe Real Estate LLC
Owner Name Unavailable
Grant Deed
related
—
Dec 30, 2005
—
Shopko Stores INC
—
Grant Deed
related
$600,000,000 · Wachovia Bank NA
—
—
905 S 24th Street W Owner LLC
—
Loan Modification
related
$6,700,000 · Wilmington Tr NA Series 2 (ce)
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 905 24th W St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
