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Property profile & analytics
FOR LEASE
Retail space
928 Broadwater Ave, Billings, MT 59101
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US52-0103487
For Lease
1 / 2
Contact for pricing
928 Broadwater Ave, Billings, MT 59101
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Construction
WOOD
Total area
34,230 SF
Lot
0.8 ac (34,979 SF)
Zoning code
CC
APN
03-0927-05-4-24-15-0000
UPID
US52-0103487
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
-
Alienated Productions Film Production Television Studio
-
K 9 Cottage Veterinary Clinic
-
Paws, Tails & Toes Grooming Pet Grooming Service
-
Prestige Worldwide Comics & Collectibles (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Sentinel Tax & Business Solutions, LLC Accounting Firm Tax Preparation
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
Jude D Gordon · 3 yrs held
Jude D Gordon
since 2022
7 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
$22,336
Tax year 2023
Assessed value
$1,787,700
Assessed 2023
Previous assessed
$1,787,700
+0.0% YoY
Effective rate
1.25%
On assessed value
Land market value
$194,237
Improvement market value
$1,593,463
Total market value
$1,787,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1954
Construction
WOOD
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
2
Total area
34,230 SF
Lot
0.8 ac (34,979 SF)
Zoning code
CC
APN
03-0927-05-4-24-15-0000
UPID
US52-0103487
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
1954
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Jude D Gordon
Individual
Mailing address
928 BROADWATER AVE STE #248, BILLINGS, MT 59101-2790
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
—
Jude D Gordon
Stephen L Zimmerer
Warranty Deed
$391,337 · Opportunity Bank Of Mt
Jan 18, 2017
—
Jude D Gordon
Zimmerer,stephen L & Brenda L
Quit Claim Deed
related
$101,412 · Stockman Bk/mt
Nov 21, 2016
—
Stephen L Zimmerer
—
Deed
related
$250,000 · Stockman Bk/mt
May 11, 2012
—
Zimmerer,stephen L & Brenda L
—
Trustees Deed
related
$250,000 · Stockman Bk/mt
—
—
Zimmerer,stephen L & Brenda L
—
Loan Modification
related
$250,000 · Stockman Bk/mt
—
—
Stephen L Zimmerer
—
Deed Of Trust
related
$100,000 · Stockman Bank Of Montana
—
—
Zimmerer,stephen L & Brenda L
—
Deed Of Trust
related
$100,955 · Stockman Bk/mt
—
—
Stephen L Zimmerer
—
Deed Of Trust
related
$100,000 · Stockman Bank Of Montana
—
—
Stephen L Zimmerer
—
Loan Modification
related
$100,955 · Stockman Bk/mt
—
—
Stephen L Zimmerer
—
Loan Modification
related
$250,000 · Stockman Bk/mt
—
—
Stephen L Zimmerer
—
Loan Modification
related
$614,582 · Stockman Bk/mt
—
—
Stephen L Zimmerer
—
Loan Modification
related
$250,000 · Stockman Bank Of Montana
—
—
Stephen L Zimmerer
—
Loan Modification
related
$250,000 · Stockman Bk/mt
—
—
Stephen L Zimmerer
—
Loan Modification
related
$250,000 · Stockman Bk/mt
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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