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    Wright, WY Warehouse For Sale Title is generated by Realmo AI

    1213 East Elkhorn Drive, Wright, WY 82732

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    For Sale
    $3,200,000

    7,800 sq ft commercial warehouse in Wright, Wyoming.

    Type:Industrial
    Property size:
    7,800 SF
    Lot size:
    1.67 Acres
    Price / SF:
    $410/SF
    Added:
    Mar 7, 2026
    Days on Market:
    92
    Last Refresh:
    Mar 7 at 7:05 pm

    Property Features for 1213 East Elkhorn Drive

    General Information

    Standard status
    Active
    Size
    7,800 SF
    Lot size
    1.67 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2004

    We can help!

    Listing Contact
    Brenton Hayden

    Listing agent Brenton Hayden

    Listing office RE/MAX

    Listing date Mar 7, 2026

    Source Remaxcommercial

    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 RE/MAX

    HighLights

    • 7,800 sq. ft. warehouse with 4 bay doors, suitable for a variety of commercial activities.
    • Strategic location in Wright, WY, near major highways, serving the local community and surrounding areas, only 40 minutes from Gillette.
    • Currently equipped for automotive services (tire installation/repair, oil changes, mechanical work, battery/tire sales) providing immediate business potential.
    • Ample parking space for customers and employees/equipment.
    • Well‑maintained property built in 2004, with a welcoming lobby area.
    • Located in a thriving community with a strong energy sector and access to recreational facilities.

    Overview

    This 7,800 sq. ft. commercial warehouse building is located in Wright, Wyoming, approximately 40 minutes outside of Gillette. Constructed in 2004, the property sits on a 1.67-acre lot. Currently, the building is used for tire installation and repair, oil services, mechanical work, and sales of batteries and tires. The warehouse includes four bay doors for easy access and high ceilings suitable for large equipment and storage. There is a welcoming lobby area and ample parking space for customers and employees. The property's versatile layout and generous space make it suitable for a wide range of commercial activities, including automotive repair and maintenance, warehousing and storage, and retail space for automotive parts and accessories. Wright is a thriving community known for its roots in the energy sector, offering a peaceful rural lifestyle with access to modern amenities and infrastructure. The town boasts recreational facilities, including the Wright Recreation Center, Panther Pond, and the Hay Creek Golf Club, and is home to Wright Junior/Senior High School.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • R & B Tire Inc — 1213 E Elkhorn Dr, Wright, WY 82732

    Map

    City
    Wright
    County
    Campbell
    State
    Wyoming
    Longitude
    -105.578
    Latitude
    43.8334

    FAQs

    What type of property is this?
    Auto shop - 7,800 sq ft commercial warehouse in Wright, Wyoming.
    Where is this auto shop located?
    The property is located at 1213 East Elkhorn Drive Wright, WY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 7,800 sq. ft. warehouse with **4 bay doors**, suitable for a variety of commercial activities.; Strategic location in Wright, WY, near major highways, serving the local community and surrounding areas, only 40 minutes from Gillette.; Currently equipped for automotive services (tire installation/repair, oil changes, mechanical work, battery/tire sales) providing **immediate business potential**.
    We can help!
    Listing Contact
    Brenton Hayden
    Learn More
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    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
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