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    540 W Main St Newcastle, WY 82701

    For Sale
    $499,000

    CI Land w/Building - Newcastle, WY

    Property size:
    2,409 SF
    Lot size:
    2.47 Acres
    Days on Market:
    380
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 540 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,409 SF
    Lot size
    2.47 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1981
    Floors in Building
    1
    Architectural style
    Other

    RE/MAX In The Hills (605) 642-2500 [email protected]

    Listing agent Bud Hannah (605) 642-2500

    Listing date Nov 21, 2024

    MLS# 82473 Listing URL

    Copyright © 2025 Mt. Rushmore Area 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.

    Overview

    Newcastle, WY Mixed-Use Property

    Located in Newcastle, Wyoming, this mixed-use property features a duplex with a total of 4 bedrooms and 2 bathrooms. The duplex is currently rented out. Below the duplex is a large shop that is also suitable for rental. The property is situated on a 2.47-acre lot and is zoned as Heavy Industrial. In addition to the duplex and shop, the property includes a large building that is currently rented out. The property offers ample parking space. The total living area is 2409 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newcastle
    County
    Weston
    State
    Wyoming
    Longitude
    -104.20905846627
    Latitude
    43.852417842073

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring a duplex and large shop on 2.47 acres.
    Where is this mixed-use property located?
    The property is located at 540 W Main St Newcastle, WY.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Income-generating property with a duplex (4 bedrooms, 2 bathrooms) and a large rented building.; - Large shop space available for rent, offering additional income potential.; - Zoned Heavy Industrial, allowing for a wide range of business and development opportunities.
    (605) 642-2500
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    540 W Main St Newcastle, WY 82701
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    Newcastle, WY 82701
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    Realmo Value Estimation

    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.

    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.

    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
    540 W Main St Newcastle, WY 82701
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