Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    114 Royal Cir Gillette, WY 82718

    View on Map
    For Sale
    $45,000

    LAND - Gillette, WY

    Lot size:
    0.10 Acres
    Added:
    Mar 8, 2024
    Days on Market:
    757
    Last Refresh:
    Apr 4 at 1:06 am

    Property Features for 114 Royal Cir

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-4
    Standard status
    Active
    Lot size
    0.10 Acres

    We can help!

    Listing Contact
    Jessica LaCour
    Jessica LaCour

    Listing agent Jessica LaCour License #13305

    Listing office 411 Properties 560 Running W Drive Ste 120, Gillette, WY

    Listing date Mar 8, 2024

    MLS# 24-290

    Copyright © 2026 Northeast Wyoming REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Golf Course Lots in Gillette

    Golf course lots are available for purchase in the Tenth Hole Subdivision. These vacant lots are centrally located near schools and shopping and include city utilities, ready for new construction. The location is ideal for buyers or builders looking for premium infill opportunities. Each lot is 0.1 acres. Duplex lot must be sold with adjacent lot (118 Royal Cir).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gillette
    County
    Campbell
    State
    Wyoming
    Longitude
    -105.476723
    Latitude
    44.263922

    Nearby Similar for Sale

    • $750,000
      5,000 SF

      Turn-Key Commercial Space, Gillette, WY

      Remodeled commercial property ideal for medical or professional office.
      1300 W 4th St, Gillette, WY 82716
      View Details
    • $475,000
      3,600 SF

      Turnkey Commercial Shop on Gurley

      Heated 3,600 SF commercial shop with excellent access and parking.
      912 Gurley Ave, Gillette, WY 82716
      View Details
    • $550,000

      Gillette Commercial Land For Sale

      5 acres of commercial land with highway frontage in Gillette.
      10744 State Highway 59 S, Gillette, WY 82718
      View Details
    • $829,000
      6,200 SF

      Gillette Commercial Property For Sale

      Commercial property with shop, office, and outdoor space in Gillette.
      3416 Garman Rd, Gillette, WY 82716
      View Details
    • $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
    • $550,000
      4,420 SF

      Gillette Commercial Property with Yard

      Well-maintained commercial property with yard, currently operating as a daycare.
      640 12th St W, Gillette, WY 82716
      View Details
    • $590,000
      3,124 SF

      Gillette Corner Property with Vacant Lot

      Well-maintained corner property with vacant lot, currently operating as daycare.
      4005 Tepee St, Gillette, WY 82718
      View Details
    • $109,900
      680 SF

      Remodeled Commercial Condo in Gillette

      Turnkey commercial condo with recent updates and courtyard setting.
      910 E Third St. Suite E, Gillette, WY 82716
      View Details
    • $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
    • $574,398

      Commercial Land Near High-Traffic Intersection

      Commercial property with high visibility and access for new businesses.
      1116 Boxelder Rd E, Gillette, WY 82718
      View Details
    • $696,960

      Commercial Land Near High-Traffic Intersection

      Commercial property with high visibility and access for new businesses.
      1137 Boxelder Rd E, Gillette, WY 82718
      View Details
    • $1,350,000
      4,809 SF

      Gillette Restaurant Opportunity For Sale

      Long-standing Chinese restaurant with building and land for sale.
      1612 W 2nd St, Gillette, WY 82716
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lots near schools and shopping with golf course frontage.
    Where is this residential land & home lot located?
    The property is located at 114 Royal Cir Gillette, WY.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Golf course frontage in a desirable subdivision.; Centrally located near schools and shopping.; City utilities are available and ready for new construction.
    (307) 660-5470
    We can help!
    Listing Contact
    Jessica LaCour
    Jessica LaCour
    Real Estate License ID: 13305
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!