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

    Tbd Bare Buttes Rd Gillette, WY 82718

    View on Map
    Sponsored
    For Sale
    $460,000

    Residential Lot - Gillette, WY

    Type:Single Family Residence
    Lot size:
    120.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 10 at 12:06 am

    Property Features for Tbd Bare Buttes Rd

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Paula Waetzig
    Paula Waetzig

    RE/MAX Professionals (307) 660-8144

    Listing agent Paula Waetzig (307) 682-6622 License #10754

    Listing date Mar 9, 2026

    MLS# 26-245 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

    Overview

    120 Acres Near Gillette

    This 120-acre property is located near Gillette, Wyoming, offering both proximity to town and potential seclusion. The land is accessible via well-maintained roads and presents views of the Bighorn Mountains from certain vantage points. There is a potential water source available from an old oil well or methane well. The property offers the opportunity to develop the land.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Gillette
    County
    Campbell
    State
    Wyoming
    Longitude
    -105.544513
    Latitude
    44.217581

    Nearby Similar for Sale

    • New
      $750,000
      0.26 Acres

      Turn-Key Commercial Space, Gillette, WY

      Remodeled commercial property ideal for medical or professional office.
      1300 W 4Th 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
    • New
      $279,900
      2,424 SF

      Spacious Quadplex Townhouse with Walkout

      2424 sqft Gillette quadplex with 3 bedrooms and baths.
      3330 Georgia Cir, Gillette, WY 82718
      View Details
    • $5,900,000
      0.20 Acres

      Gillette, WY Apartment Complex

      Ten well-maintained 4-plex units with good rental history.
      1922-1931 Harvest Moon Dr, Gillette, WY 82718
      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
    • $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
    • $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
    • $1,100,000
      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
    • $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
    • $59,500
      0.31 Acres

      Residential Lot in Lakeland Hills

      Large lot in established neighborhood near Lakeview Elementary School.
      1147 Estes Ln, Gillette, WY 82716
      View Details
    • $58,500
      0.24 Acres

      Residential Lot in Lake Hills

      Large lot in established neighborhood near Lakeview Elementary School.
      1126 Estes Ln, Gillette, WY 82716
      View Details
    • $36,898
      0.20 Acres

      Residential Lot in Established Neighborhood

      Residential lot close to schools, rec center, and shopping.
      306 Willow Crk Dr, Gillette, WY 82732
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 120 acres near town with mountain views and seclusion.
    Where is this agricultural land / farmland located?
    The property is located at Tbd Bare Buttes Rd Gillette, WY.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: - 120 Acres of Land; - Close Proximity to Town on Good Roads; - Potential Water Source (Old Oil/Methane Well)
    (307) 660-5501
    Request Owner's contact information
    Tbd Bare Buttes Rd Gillette, WY 82718
    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.
    Tbd Bare Buttes Rd
    Gillette, WY 82718
    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
    Tbd Bare Buttes Rd Gillette, WY 82718
    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
    Paula Waetzig
    Paula Waetzig
    Real Estate License ID: 10754
    (307) 660-5501 (307) 682-6622
    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!