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Property profile & analytics
OFF-MARKET
Manufacturing properties
Lockwood Rd Billings, MT 59101
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US52-0012467
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
1994
Total area
11,600 SF
Lot
17.89 ac (779,071 SF)
Zoning code
CI
APN
03-1033-25-1-05-01-0000
UPID
US52-0012467
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
-
BrandSafway Solutions Billings General Contractor Construction Company
-
Big Sky Steel Hardware Building Supply Hardware & Home Improvement
-
Nutrien Ag Solutions Chemical Plant Agricultural Supply
-
Aspen Air US Corporation Industrial Gas Supplier
-
Loveland Products Chemical Plant Agricultural Supply
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
Yellowstone Energy LP · 15 yrs held
Yellowstone Energy LP
since 2010
3 recorded transactions
Zoning & alternative use
CI · Billings, MT
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
$113,361
Tax year 2023
Assessed value
$10,671,632
Assessed 2023
Previous assessed
$10,671,632
+0.0% YoY
Effective rate
1.06%
On assessed value
Land market value
$1,334,882
Improvement market value
$9,336,750
Total market value
$10,671,632
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
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Status
Off-Market
Year built
1994
Heating
SPACE
Cooling
CENTRAL
Buildings
11
Stories
2
Total area
11,600 SF
Lot
17.89 ac (779,071 SF)
Zoning code
CI
APN
03-1033-25-1-05-01-0000
UPID
US52-0012467
Jurisdiction
YELLOWSTONE
Zoning & alternative use
CI · Billings, MTZoning CI · permitted uses
CI · Billings, MT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1994
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
11
Lot
17.89 ac
Current owner
From public records · entity-resolved
Yellowstone Energy LP
Entity
Mailing address
1087 W RIV ST STE #230, BOISE, ID 83702-7023
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2012
—
Yellowstone Energy LP
—
Deed Of Trust
related
$97,741,599 · Wells Fargo Bank
Aug 27, 2010
—
Yellowstone Energy LP
Exxon Billings Cogeneration In
Quit Claim Deed
related
—
—
—
Yellowstone Energy LP
—
Deed Of Trust
related
$131,500 · Wells Fargo 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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