Office/Showroom Suite with
For Sale
$279,000
1103 Boxelder Ste F, Gillette, WY 82716
Suite in Silverado Center with a private office, storage room, and bathroom, plus space to add offices or a showroom.
Property Size1,100 SF
Price / SF$253.64
Days on Market168
Property Features for 1103 Boxelder Ste F
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Building Details
Year Built
2003
Listing Agency:
Signature Real Estate Group
Listed By:
Steve Laakso · License #4519
(307) 680-4956
Source:
Campbellcountyhomeguide
Added: Mar 20
Changed: Sep 3
Last Checked: Sep 2 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Real Estate Group
Investment Insights
Based on property information with market context.
Located in the Silverado Center, this suite offers a practical office-and-support layout for business use. The space includes one office, a storage room, and a bathroom, along with additional area that could be used to create more offices or a showroom.
The property is situated at 1103 E Boxelder Rd in Gillette, Wyoming, near the intersection of Hwy 59 and Boxelder.
For sale as a turnkey suite configuration, it’s well suited for an owner-operator or tenant looking for an office setup with built-in storage and a bathroom, while maintaining flexibility to reconfigure additional rooms based on needs.
The property is situated at 1103 E Boxelder Rd in Gillette, Wyoming, near the intersection of Hwy 59 and Boxelder.
For sale as a turnkey suite configuration, it’s well suited for an owner-operator or tenant looking for an office setup with built-in storage and a bathroom, while maintaining flexibility to reconfigure additional rooms based on needs.
Key Highlights
- 1100 SF office/retail suite in the Silverado Center
- Suite includes 1 office plus a storage room and bathroom
- Additional space available to add more offices or a showroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,618
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,360
$252.4K
Cap Rate 7%
$180,257
$180.3K
Cap Rate 9%
$140,200
$140.2K
Market Conditions
NOI Build-Up for 1,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.5K $18.60/SF
− Vacancy
−$2.4K −$2.21/SF
EGI
$18.0K $16.39/SF
− OpEx
−$5.4K −$4.92/SF
NOI
$12.6K $11.47/SF
Area
Campbell County, WY
Vacancy
11.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,360
Cap Rate 7%
$180,257
Cap Rate 9%
$140,200
Alternative Uses
Best Use
Retail
$180.3K
$157.7K – $210.3K
NOI $12,618 @ 7.0% cap · market cap 4.52%
Second Best
Office B
$153.8K
$134.6K – $179.4K
NOI $10,766 @ 7.0% cap · market cap 3.86%
Theoretical Best
Specialty Retail
$193.1K
$169.0K – $225.3K
NOI $13,519 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
Business Placement
Demographics for 82716, WY
17,094
Population
7,771
Households
2.2
Avg Household Size
36
Median Age
16%
College-Educated
93%
High-School Grad
1,182.7 sq mi
ZIP Area
14
Density / Sq Mi
$77,169
Median Household Income
$45,276
Median Earnings
$890
Median Rent
$234,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Suite in Silverado Center with a private office, storage room, and bathroom, plus space to add offices or a showroom.
Where is this office units located?
The property is located at 1103 Boxelder Ste F Gillette, WY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1100 SF office/retail suite in the Silverado Center; Suite includes 1 office plus a storage room and bathroom; Additional space available to add more offices or a showroom
