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    The Largest CRE Database in the US with Over 1 Million Listings

    46 N Sublette Ave Pinedale, WY 82941

    Sponsored
    For Sale
    $3,995,000

    COMMERCIAL - Pinedale, WY

    Property size:
    5,865 SF
    Lot size:
    0.32 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 23 at 5:06 am

    Property Features for 46 N Sublette Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    34093432800300
    Size
    5,865 SF
    Lot size
    0.32 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Building materials
    Wood Siding, Stick Built On Site
    Roof type
    Metal

    We can help!

    Listing Contact
    Brett McPeak
    Brett McPeak

    Jackson Hole Sotheby's Int Realty (208) 313-3007

    Listing agent Brett McPeak (307) 734-4808

    Listing date Feb 23, 2026

    MLS# 26-248

    Copyright © 2026 Teton Board 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.

    Learn more

    Property Insight Report

    Overview

    Two Pinedale Hotels For Sale

    The offering includes two hotels in downtown Pinedale. The Gannett Peak Lodge, a classic drive-up motor lodge, has been part of Pinedale's lodging landscape for more than seven decades. Extensively remodeled in 2017, the property offers 19 rooms in four configurations. Additional spaces serve as a front desk and office, on-site laundry, supply storage and an on-site housing unit for either employees or a live-in owner. The Gannett Peak Lodge currently operates seasonally from mid-May until mid-October, serving mostly the summer tourist niche. The location is within walking distance of restaurants, shopping, Town of Pinedale parks and other points of interest. The four city lots comprising 0.32 acres afford adequate parking for guests. Also included is the Log Cabin Motel, a collection of historic Western cabins. Set on a landscaped 0.57-acre lot, the Log Cabin Motel features 13 individually decorated cabins. The property is located off Main Street in Pinedale, within walking distance to local amenities, making it the longest continuously operated lodging property in town. The Log Cabin Motel has been on the National Register of Historic Places since 1993 and was originally established in 1929.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Storage Facility HVAC Service Garden Center Veterinary Clinic Pet Store Clothing & Fashion Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Wine and Liquor Store Arcade & Gaming Center

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

    Similar Places Nearby

    Best Western Pinedale Inn, Wagon Wheel Motel, Quality Inn & Suites, Wallace BNB, Jackalope Motor Lodge

    Location Insight

    • Map
    • Local Demand
    City
    Pinedale
    County
    Sublette
    State
    Wyoming
    Longitude
    -109.858816
    Latitude
    42.867281

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    FAQs

    What type of property is this?
    Motel - Two hotels in downtown Pinedale, Wyoming, available for purchase.
    Where is this motel located?
    The property is located at 46 N Sublette Ave Pinedale, WY.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: - Two established and operating hotels in one offering: Gannett Peak Lodge (remodeled in 2017 with 19 rooms) and the historic Log Cabin Motel (13 cabins).; - Log Cabin Motel is on the National Register of Historic Places, offering a unique and historically significant property.; - Prime locations: Both properties are within walking distance of downtown Pinedale's restaurants, shopping, and parks.
    (307) 690-4335
    Request Owner's contact information
    46 N Sublette Ave Pinedale, WY 82941
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    Pinedale, WY 82941
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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
    46 N Sublette Ave Pinedale, WY 82941
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    We can help!
    Listing Contact
    Brett McPeak
    Brett McPeak
    (307) 690-4335 (307) 734-4808 (307) 739-1234
    Learn more
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