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

    509 Greybull Ave Greybull, WY 82426

    View on Map
    Sponsored
    For Sale
    $385,000

    Business & Building - Greybull, WY

    Lot size:
    0.08 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 29 at 12:06 am

    Property Features for 509 Greybull Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    On Street
    Lot size
    0.08 Acres

    Building Details

    Year built
    1920
    Architectural style
    Other

    We can help!

    Listing Contact
    Deanna Skillman

    Real Living Hake Realty

    Listing agent Deanna Skillman

    Listing date Mar 26, 2026

    MLS# 10032179 Listing URL

    Copyright © 2026 Northwest Wyoming 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

    Turn-Key Diner in Greybull, WY

    This turn-key breakfast and lunch diner features a warm atmosphere and a local and traveling clientele. The fully equipped and well-maintained space offers a nostalgic, cozy interior. Located in a high-visibility downtown location on Highway 14, the property presents significant potential for growth. There is capability to expand hours for dinner service and room behind the building for outdoor seating in the garden area, or expand for a brewery. The building has undergone many updates and renovations over the years, including kitchen equipment and a new walk-in cooler compressor. A newer roof has been installed, and central heat and air are soon to be installed alongside new lighting. The business is currently licensed to sell alcohol with a restaurant liquor use license. In 2024, the business was featured on a national food channel and has received awards for excellence in business through the state of Wyoming. Recipes come with the purchase of the business and all rights to use the Bob's marketing for continued successful growth. A detailed inventory list will be provided for all equipment and furnishings. The property is situated on a 0.08-acre lot. This is an excellent owner-operator opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bob's Diner & Bakery Restaurant

    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.

    Similar Places Nearby

    Maid Marian's Bed and Breakfast

    Location Insight

    • Map
    • Local Demand
    City
    Greybull
    County
    Big Horn
    State
    Wyoming
    Longitude
    -108.054592
    Latitude
    44.488797

    Nearby Similar for Sale

    • $350,000
      0.09 Acres

      Downtown Greybull Commercial Building

      Well-maintained commercial building in downtown Greybull, suitable for various uses.
      540 1St Ave S, Greybull, WY 82426
      View Details
    • $125,000
      0.19 Acres

      Commercial Shop in Greybull, Wyoming

      2,040 sq ft commercial shop ideal for various operations.
      232 S 6Th St, Greybull, WY 82426
      View Details
    • $299,000
      0.16 Acres

      Updated Commercial Building in Greybull

      Large, updated commercial building in downtown Greybull, Wyoming.
      510 Greybull Ave, Greybull, WY 82426
      View Details
    • New
      $760,000
      2,856 SF

      Greybull Farm/Ranch with Acreage

      110-acre Greybull farm with mountain views and creek.
      2480 Us Highway 20, Greybull, WY 82426
      View Details
    • $275,000
      0.16 Acres

      Versatile Commercial Building in Greybull, WY

      Over 6,000 sq ft commercial building near downtown Greybull.
      33 N 5Th St, Greybull, WY 82426
      View Details
    • $275,000
      0.48 Acres

      Commercial Building in Greybull, Wyoming

      Commercial property featuring service bays and office area in Greybull.
      125 S 6Th St, Greybull, WY 82426
      View Details
    • $179,000
      0.71 Acres

      Greybull, WY Antique Business Opportunity

      Turnkey antique business with highway and main street access.
      1336 N 6Th St, Greybull, WY 82426
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Charming diner with growth potential in a high-visibility location.
    Where is this breakfast & diner located?
    The property is located at 509 Greybull Ave Greybull, WY.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - Turn-key breakfast and lunch diner with established local and tourist clientele; - High-visibility downtown location on Highway 14; - Significant growth potential: expand hours for dinner, outdoor seating/brewery
    (307) 202-3436
    Request Owner's contact information
    509 Greybull Ave Greybull, WY 82426
    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.
    509 Greybull Ave
    Greybull, WY 82426
    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
    509 Greybull Ave Greybull, WY 82426
    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
    Deanna Skillman
    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!