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    Commercial Building in Desirable Lander Title is generated by Realmo AI

    1720 Main, Lander, WY 82520

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    Claim this Listing
    For Sale
    $1,200,000

    Commercial Building - Lander, WY

    Property size:
    13,920 SF
    Lot size:
    1.77 Acres
    Price / SF:
    $86/SF
    Added:
    Sep 16, 2025
    Days on Market:
    262
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 1720 Main

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-1/Lander
    Security features
    Security System
    Interior features
    Fire Detectors, Kitchen Area, Restrooms, Security System
    Exterior features
    Fire Detectors, Kitchen Area, Restrooms, Frame-lap, Steel
    Standard status
    Active
    Size
    13,920 SF
    Lot size
    1.77 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9332

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1963
    Building materials
    Frame
    Roof type
    Aluminum
    Architectural style
    Other

    We can help!

    Listing Contact
    Skye Coleman-Weisz
    Skye Coleman-Weisz

    Listing agent Skye Coleman-Weisz License #10507

    Listing office RE/MAX All Star, REALTORS 938 W Main, Riverton, WY

    Listing date Sep 16, 2025

    MLS# 20255061 Listing URL

    Copyright © 2026 Fremont County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Stable income stream from established tenants including HMH Outdoors with lease extending to 2028 (as of 2/17/2026).
    • Substantial 13,920 sq ft building on 1.77+\/- acre paved lot, offering flexible space.
    • Recent significant upgrades including roof replacement (2018) and electrical upgrade (2018).
    • Desirable Lander market location.
    • Diverse heating system including forced air gas and overhead shop heaters.
    • Includes fire detectors, kitchen area, restrooms, and a security system.

    Overview

    This commercial building in Lander, Wyoming, is situated on a 1.77-acre paved lot. The 13,920-square-foot building offers multiple doors and space configurations. The property is currently occupied by three tenants. Shirts and More has leased 4,500 square feet since approximately 2019. HMH Outdoors has leased 8,800 square feet since 2018, with their lease expiring in 2028 unless a party wishes to have that space. Back Country Cobblers has leased approximately 1,800 square feet since 2000 and is currently on a 1-year lease at $1,000 per month. Shirts and More is on a year lease at $3,000, and HMH is at $3,000. The building features two entrances on each end and a large paved asphalt lot. According to the seller, the roof and electrical systems were upgraded in 2018, and two new furnaces were installed in 2019. The heating system primarily uses forced air gas, with overhead shop heaters in the warehouse. The property is zoned C-1/Lander.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lander
    County
    Fremont
    State
    Wyoming
    Longitude
    -108.586
    Latitude
    42.6143

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    FAQs

    What type of property is this?
    Retail space - Unique commercial building with multiple configurations and long-term tenants.
    Where is this retail space located?
    The property is located at 1720 Main Lander, WY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Stable income stream from established tenants including HMH Outdoors with lease extending to 2028 (as of 2/17/2026).; Substantial 13,920 sq ft building on 1.77+\/- acre paved lot, offering flexible space.; Recent significant upgrades including roof replacement (2018) and electrical upgrade (2018).
    (307) 851-0021
    We can help!
    Listing Contact
    Skye Coleman-Weisz
    Skye Coleman-Weisz
    Real Estate License ID: 10507
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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
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