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Property profile & analytics
OFF-MARKET
Retail space
927 32nd W St Billings, MT 59102-6799
Trust Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US52-0115692
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
WOOD
Total area
9,120 SF
Lot
0.97 ac (42,340 SF)
Zoning code
CI
APN
03-0926-13-2-40-01-0000
UPID
US52-0115692
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
-
Yellowstone Casino Hotel & Motel Resort
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
Frank,george Trust · 5 yrs held
Frank,george Trust
since 2021
7 recorded transactions
Zoning & alternative use
CI · 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
$11,268
Tax year 2023
Assessed value
$1,004,600
Assessed 2023
Previous assessed
$1,004,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$313,738
Improvement market value
$690,862
Total market value
$1,004,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
9,120 SF
Lot
0.97 ac (42,340 SF)
Zoning code
CI
APN
03-0926-13-2-40-01-0000
UPID
US52-0115692
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CI · Billings, MT
Zoning CI · permitted uses
CI · 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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Frank,george Trust
Trust
Mailing address
140 PO BOX 20878TH DR, BILLINGS, MT 59104-0878
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2021
—
Frank,george Trust
George Frank
Correction Deed
related
—
Dec 10, 2020
—
Frank,george Trust
George Frank
Quit Claim Deed
related
—
Jan 23, 2020
—
George Frank
—
Deed
related
$150,000 · Opportunity Bk/mt
Jun 13, 2018
—
George Frank
—
Grant Deed
related
$2,750,000 · Opportunity Bk/mt
Oct 13, 2016
—
George Frank
—
Deed
related
$650,000 · Opportunity Bk/mt
Jul 20, 2016
—
George Frank
—
Deed
related
$150,000 · Opportunity Bk/mt
Nov 14, 2005
—
George Frank
American Exchange Corp
Warranty Deed
related
—
Aug 31, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
May 3, 2005
—
American Exchange Corp
Baltrusch,carl L & Linda
Warranty Deed
related
—
—
—
George Frank
—
Deed Of Trust
related
$245,000 · Opportunity Bk/mt
—
—
George Frank
—
Deed Of Trust
related
$150,000 · Opportunity Bk/mt
—
—
George Frank
—
Deed Of Trust
related
$650,000 · Opportunity Bk/mt
—
—
George Frank
—
Deed Of Trust
related
$350,000 · Opportunity Bk/mt
—
—
George Frank
—
Deed Of Trust
related
$150,000 · Opportunity Bk/mt
—
—
George Frank
—
Deed Of Trust
related
$2,644,688 · Stockman Bank Of Montana
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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