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

    210 S 4Th St Thermopolis, WY 82443

    View on Map
    Sponsored
    For Sale
    $225,000

    Ranch, Duplex - Thermopolis, WY

    Type:Duplex
    Property size:
    3,099 SF
    Lot size:
    0.13 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 29 at 12:06 pm

    Property Features for 210 S 4Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Interior features
    Carpet
    Appliances
    Range, Refrigerator
    Size
    3,099 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1924
    Number of units
    3
    Building materials
    Frame
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Kerri Manig
    Kerri Manig

    RoundTop Real Estate, LLC

    Listing agent Kerri Manig License #13538

    Listing date Mar 23, 2026

    MLS# 20261233 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Thermopolis Duplex with Redevelopment Potential

    This property presents a unique investment opportunity, featuring two apartments, each with two bedrooms. The front unit includes an enclosed porch, updated flooring, and a spacious layout. The second unit features a distinctive design with a loft-style bedroom. The lower level, previously used as a laundromat, offers redevelopment potential for commercial use or conversion into additional living space, including the possibility of creating two more apartments; verification of this potential is the responsibility of the buyer. The property includes a front sitting area and rear parking. The property is located in Thermopolis, Wyoming.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    Thermopolis
    County
    Hot Springs
    State
    Wyoming
    Longitude
    -108.208799
    Latitude
    43.644443

    Nearby Similar for Sale

    • $799,000
      0.39 Acres

      Profitable Auto Parts Business

      Turnkey auto parts business with real estate in Thermopolis, Wyoming.
      607 Broadway St, Thermopolis, WY 82443
      View Details
    • New
      $189,000
      5,004 SF

      Thermopolis Commercial Building For Sale

      Commercial building in Thermopolis, Wyoming, featuring 5,004 square feet.
      507 Washakie St, Thermopolis, WY 82443
      View Details
    • New
      $275,000
      4,264 SF

      Thermopolis Ranch with Income Potential

      Spacious property with income potential and business flexibility.
      206 S 4Th St, Thermopolis, WY 82443
      View Details
    • $280,000

      Veterinary Building in Thermopolis, WY

      Turnkey veterinary building on a 13,234 sq ft lot.
      827 S 6Th St, Thermopolis, WY 82443
      View Details
    • $745,000
      0.23 Acres

      Historic Klink Building in Thermopolis

      Prime retail space in downtown Thermopolis with renovation potential.
      500 Broadway St, Thermopolis, WY 82443
      View Details
    • $2,249,000
      2,716 SF

      Wyoming Farm and Ranch Property

      213-acre agricultural and recreational property near Thermopolis, Wyoming.
      654 Us Highway 20 N, Thermopolis, WY 82443
      View Details
    • New
      $225,000
      2,350 SF

      Versatile Tri-Plex Investment Opportunity

      Tri-plex with multiple income options in Thermopolis, Wyoming.
      435 Warren St, Thermopolis, WY 82443
      View Details
    • $745,000
      10,017 SF

      Thermopolis Commercial Building Opportunity

      10,000+ SF, prime Thermopolis location.
      601 Broadway St, Thermopolis, WY 82443
      View Details
    • Contact for pricing
      17,458 SF

      Historic Klink Building Retail Space

      Prime retail space in downtown Thermopolis with renovation potential.
      500 Broadway St, Thermopolis, WY 82443
      View Details

    FAQs

    What type of property is this?
    Duplex - Unique duplex with commercial redevelopment potential in Thermopolis, Wyoming.
    Where is this duplex located?
    The property is located at 210 S 4Th St Thermopolis, WY.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Two 2-bedroom apartments offer income potential or multi-generational living.; - Lower level has redevelopment potential for commercial use or additional living space (buyer to verify).; - Front unit features an enclosed porch, updated flooring, and spacious layout.
    (307) 864-2252
    Request Owner's contact information
    210 S 4Th St Thermopolis, WY 82443
    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.
    210 S 4Th St
    Thermopolis, WY 82443
    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
    210 S 4Th St Thermopolis, WY 82443
    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

    We can help!
    Listing Contact
    Kerri Manig
    Kerri Manig
    Real Estate License ID: 13538
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!