Three-Level Medical
New
For Sale
$650,000
1300 W 4th St, Gillette, WY 82716
C-1-zoned space includes separate reception areas and meets licensing criteria for a daycare or preschool.
Property Size5,000 SF
Price / SF$130
Days on Market1
Property Features for 1300 W 4th St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Zoning
C-1
Additional Details
Condition
Turnkey
Property Use
Medical Office
Building Details
Building Size
5,000 SF
Year Built
1965
Buildings
1
Stories
3
Listing Agency:
ERA Priority Real Estate
(307) 686-9200
Listed By:
Laura Wilkinson · License #RE-14185
(307) 622-2760
Source:
307realtyteam
Added: Nov 1
Last Checked: Nov 1 at 1:39AM
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 ERA Priority Real Estate
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Investment Insights
Based on property information with market context.
This 5,000-square-foot medical office building has three levels, a main reception area, and a second reception space. Flooring and paint have been updated, and the building was constructed in 1965. Its layout can accommodate private offices, exam rooms, consultation areas, or other specialized workspaces.
The property is zoned C-1 and meets licensing criteria for a daycare or preschool.
The property is zoned C-1 and meets licensing criteria for a daycare or preschool.
Key Highlights
- 5,000 square feet across three levels
- Main reception area plus a separate secondary reception space
- Updated flooring and paint throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,938
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,760
$978.8K
Cap Rate 7%
$699,114
$699.1K
Cap Rate 9%
$543,756
$543.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$75.0K $15.00/SF
− Vacancy
−$9.8K −$1.95/SF
EGI
$65.3K $13.05/SF
− OpEx
−$16.3K −$3.26/SF
NOI
$48.9K $9.79/SF
Area
Campbell County, WY
Vacancy
13.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,760
Cap Rate 7%
$699,114
Cap Rate 9%
$543,756
Alternative Uses
Best Use
Office B
$699.1K
$611.7K – $815.6K
NOI $48,938 @ 7.0% cap · market cap 7.53%
Second Best
Healthcare Medical
$617.1K
$540.0K – $720.0K
NOI $43,200 @ 7.0% cap · market cap 6.65%
Theoretical Best
Specialty Retail
$877.9K
$768.1K – $1.02M
NOI $61,450 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Balanced
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - C-1-zoned space includes separate reception areas and meets licensing criteria for a daycare or preschool.
Where is this medical office space located?
The property is located at 1300 W 4th St Gillette, WY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,000 square feet across three levels; Main reception area plus a separate secondary reception space; Updated flooring and paint throughout
