Remodeled Retail
For Sale
$279,000
1103 Boxelder Ste F, Gillette, WY 82716
Updated interior with an office, storage room, bathroom, and flexible area for additional offices or a showroom.
Property Size1,100 SF
Price / SF$253.64
Days on Market258
Property Features for 1103 Boxelder Ste F
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Listing Agency:
Signature Real Estate Group
(307) 680-4956
Listed By:
Steve Laakso · License #4519
Source:
Campbellcountyhomeguide
Added: Dec 15, 2025
Changed: Aug 29
Last Checked: Aug 29 at 6:55PM
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.
This 1,100-square-foot retail space offers a remodeled interior with new LVT flooring and fresh paint. The existing layout includes one office, a storage room, and a bathroom, along with additional room that can accommodate more offices or a showroom.
Built in 2003, the property is located near the intersection of Hwy 59 and Boxelder at 1103 Boxelder Ste F in Gillette, Wyoming. Its combination of retail-oriented space and office functionality supports a range of business layouts within the existing configuration.
Built in 2003, the property is located near the intersection of Hwy 59 and Boxelder at 1103 Boxelder Ste F in Gillette, Wyoming. Its combination of retail-oriented space and office functionality supports a range of business layouts within the existing configuration.
Key Highlights
- 1,100‑square‑foot remodeled retail space
- New LVT flooring and paint
- One office, storage room, and bathroom
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
Lease Details
Yes
Highway access
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?
Retail space - Updated interior with an office, storage room, bathroom, and flexible area for additional offices or a showroom.
Where is this retail space 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: 1,100‑square‑foot remodeled retail space; New LVT flooring and paint; One office, storage room, and bathroom
