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    For Sale (22)

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    Established Automotive Business Opportunity
    $1,650,000
    9,432 SF

    Established Automotive Business Opportunity

    Turnkey automotive transmission shop with 48 years of operation.

    1810 Gold Dr, Gillette, WY 82716
    View details
    Land in Black Hills, WY
    $170,000
    1.38 Acres

    Land in Black Hills, WY

    Land opportunity near Sundance, WY, with commercial and residential zoning.

    Commercial Ln, Sundance, WY 82729
    View details
    Gillette Shop with Highway Access
    $345,000
    2,880 SF

    Gillette Shop with Highway Access

    2.77 acre shop with office space and highway access.

    315 Force Rd, Gillette, WY 82716
    View details
    Prime Commercial Lot Ready to Build
    $325,000
    5.00 Acres

    Prime Commercial Lot Ready to Build

    5-acre commercial lot with utilities in a growing area.

    Kluver Rd, Gillette, WY 82716
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    Commercial Building in Upton, WY
    $155,000
    720 SF

    Commercial Building in Upton, WY

    Commercial building with open layout and expansion potential in Upton.

    514 Pine St, Upton, WY 82730
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    Moorcroft Commercial Property with Shop
    $925,000
    1,650 SF

    Moorcroft Commercial Property with Shop

    Highway-adjacent commercial property featuring a shop and remodeled retail space.

    20098 Us Hwy 16, Moorcroft, WY 82721
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    Gillette, WY Commercial Land
    $149,000
    2.00 Acres

    Gillette, WY Commercial Land

    Two-acre commercial land with excellent access and development potential.

    5842 Hannum Rd, Gillette, WY 82716
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    Gillette Industrial Land For Sale
    $375,000
    9.77 Acres

    Gillette Industrial Land For Sale

    9.77 acre industrial land with highway frontage in Gillette, WY.

    10627 Wy-59, Gillette, WY 82718
    View details
    Pine Haven Residential Land Opportunity
    $475,000
    12.07 Acres

    Pine Haven Residential Land Opportunity

    12+ acres near lake, golf, and restaurants in Pine Haven.

    31 Whitetail Dr, Pine Haven, WY 82721
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    Commercial Land For Sale
    $995,000
    9.34 Acres

    Commercial Land For Sale

    Commercial land available off Lakeway Road and Butler Spaeth.

    Butler-Spaeth Rd, Gillette, WY 82718
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    Gillette Commercial Land For Sale
    $202,000
    1.98 Acres

    Gillette Commercial Land For Sale

    Commercial land with high traffic counts and easy highway access.

    1251 Shoshone Ave, Gillette, WY 82718
    View details
    Gillette Commercial Land Opportunity
    $725,000
    7.11 Acres

    Gillette Commercial Land Opportunity

    Commercial land for development with high traffic counts and easy access.

    1490 Harvest Moon Dr, Gillette, WY 82718
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    Sundance, WY Corner Lot
    $39,250
    0.33 Acres

    Sundance, WY Corner Lot

    Corner lot zoned for commercial and residential use in Sundance.

    Commercial Ln, Sundance, WY 82729
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    Sundance Cabins with Income Potential
    $249,950
    1,104 SF

    Sundance Cabins with Income Potential

    Two cabins near Bear Lodge, ideal for living and renting.

    143 Commercial Ln, Sundance, WY 82729
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    Sundance, WY Land Opportunity
    $170,000
    1.38 Acres

    Sundance, WY Land Opportunity

    Commercial and residential land near Black Hills National Forest.

    Commercial Ln, Sundance, WY 82729
    View details
    Gillette Commercial Gem with Residence
    $1,100,000
    2.98 Acres

    Gillette Commercial Gem with Residence

    2.98-acre commercial property with income potential and residential convenience.

    370 State Highway 50, Gillette, WY 82718
    View details
    Residential Land with Foundation
    $134,600
    0.51 Acres

    Residential Land with Foundation

    Half-acre lot with foundation, trusses, and appliances in Gillette.

    4409 Westover Rd, Gillette, WY 82718
    View details
    Historic Moorcroft Commercial Building
    $299,000
    1,925 SF

    Historic Moorcroft Commercial Building

    Lovingly restored commercial building in Moorcroft, Wyoming.

    101 S Bighorn Ave, Moorcroft, WY 82721
    View details
    Gillette Apartment Complex For Sale
    $5,900,000
    3,384 SF

    Gillette Apartment Complex For Sale

    Ten well-maintained 4-plex units with good rental history.

    1922-1931 Harvest Moon Dr, Gillette, WY 82718
    View details
    Land Near I-25, Casper, WY
    $55,000
    39.72 Acres

    Land Near I-25, Casper, WY

    39.72 acres of land located near I-25 in Casper.

    416 Bb Brks Aka Open Range Rd, Casper, WY 82601
    View details
    Gillette Land Development Opportunity
    $400,000
    15.06 Acres

    Gillette Land Development Opportunity

    15+ acres for 13 high-end lots in Chara Hills.

    Chara Hl, Gillette, WY 82718
    View details
    Gillette Commercial Property on Highway
    $399,000
    3,050 SF

    Gillette Commercial Property on Highway

    High-visibility commercial property on a large corner lot.

    805 S Douglas Hwy, Gillette, WY 82716
    View details

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    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
    ERA Priority Real Estate
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