Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    728 Lakeland Hills Dr Gillette, WY 82716

    Sponsored
    Picture of Residential land & home lots at Lakeland Hills Dr 728, Gillette, WY
    For Sale
    $55,000

    Residential Lot - Gillette, WY

    Type:Single Family Residence
    Lot size:
    0.22 Acres
    Days on Market:
    137
    Last Refresh:
    Feb 6 at 9:06 am

    Property Features for 728 Lakeland Hills Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    0.22 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Veronica Ramirez

    Preferred Real Estate Group (307) 686-6360

    Listing agent Veronica Ramirez (307) 686-6360 License #2563

    Listing date Sep 23, 2025

    MLS# 25-2833 Listing URL

    Copyright © 2026 Northeast Wyoming 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

    Residential Lot in Established Neighborhood

    This residential lot is located in the Lakeland Hills Subdivision in Gillette, Wyoming. The lot size is approximately 0.22 acres. The property is situated in a quiet, established neighborhood and is located next to a school and a park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gillette
    County
    Campbell
    State
    Wyoming
    Longitude
    -105.486782
    Latitude
    44.299659

    Nearby Similar for Sale

    • $1,100,000
      2.98 Acres

      Gillette Commercial Property with Residence

      2.98-acre commercial property with residential home and shop.
      370 Hwy, Gillette, WY 82718
      View Details
    • $399,000
      0.58 Acres

      High-Traffic Commercial Lot on Hwy 59

      0.58 acre corner lot with high visibility and access.
      805 S Douglas Hwy S, Gillette, WY 82716
      View Details
    • $1,650,000
      7.29 Acres

      Established Automotive Business Opportunity

      Turn-key automotive transmission shop with extensive inventory and equipment.
      1810 Gold Dr, Gillette, WY 82716
      View Details
    • $580,000
      1.07 Acres

      Gillette Commercial Property with Yard

      Well-maintained commercial property with yard, currently operating as a daycare.
      640 12Th St W, Gillette, WY 82716
      View Details
    • $550,000
      35.77 Acres

      Gillette Commercial Property with Barn

      35.77 acres with large barn, home, and highway access.
      10326 Hwy 59 S, Gillette, WY 82718
      View Details
    • $5,900,000
      0.20 Acres

      Gillette, WY Apartment Complex

      Ten 4-plex units with good rental history in Gillette.
      1922-1931 Harvest Moon Dr, Gillette, WY 82718
      View Details
    • $365,000
      2,880 SF

      Gillette Shop with Office Space

      Commercial shop with office, near I-90, on nearly three acres.
      315 Force Rd, Gillette, WY 82716
      View Details
    • $1,350,000
      0.83 Acres

      Gillette Restaurant Building and Land

      Long-standing Chinese restaurant with building and land for sale.
      1612 W 2Nd St, Gillette, WY 82716
      View Details
    • $119,900
      0.01 Acres

      Remodeled Commercial Condo in Gillette

      Turnkey commercial condo with recent updates and courtyard setting.
      910 E 3Rd St, Gillette, WY 82716
      View Details
    • $800,000
      0.41 Acres

      Gillette Commercial Property For Sale

      High-traffic commercial property with modern office space in Gillette, WY.
      202 W Lakeway Rd, Gillette, WY 82718
      View Details
    • $600,000

      Modern Commercial Space in Gillette

      New commercial space in high-traffic Gillette location, build to suite.
      560 Running Dr, Gillette, WY 82716
      View Details
    • $720,000

      Modern Commercial Space in Gillette

      New commercial space in high-traffic area of Gillette, Wyoming.
      560 Running Dr, Gillette, WY 82718
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot available in quiet, established neighborhood next to school.
    Where is this residential land & home lot located?
    The property is located at 728 Lakeland Hills Dr Gillette, WY.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: - Large lots available, perfect for creating your dream outdoor space.; - Quiet, established neighborhood offering peace and tranquility.; - Next to school, ideal for families with children.
    (307) 686-6360
    Request Owner's contact information
    728 Lakeland Hills Dr Gillette, WY 82716
    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.
    728 Lakeland Hills Dr
    Gillette, WY 82716
    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
    728 Lakeland Hills Dr Gillette, WY 82716
    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
    Veronica Ramirez
    Real Estate License ID: 2563
    (307) 686-6360
    Learn more
    Google sign-in failed. Please try again or use another login method.