Remodeled Medical Office
For Sale
$650,000
1300 W 4th St, Gillette, WY 82716
Commercial Sale, Gillette, WY
Property Size5,000 SF
Lot Size0.26 Acres
Price / SF$130
Days on Market273
Property Features for 1300 W 4th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1
Directions
2nd St, take a left on Burma Ave, to W 4th Street
Subdivision
Downtown Area - Gillette
Standard status
Active
Size
5,000 SF
Lot size
0.26 Acres
Additional Details
Property Use
Medical or Professional Office
Condition
Turnkey
Taxes and HOA fees
Tax Annual Amount
2655
Building Details
Year built
1965
Listing Agency:
ERA Priority Real Estate · ERA Real Estate
(307) 686-9200
Listed By:
Laura Wilkinson · License #RE-14185
(307) 622-2760
Added: Feb 6
Changed: Nov 3
Last Checked: Nov 5 at 9:06AM
MLS# 26-134
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.
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Investment Insights
Based on property information with market context.
This 5,000-square-foot medical office property at 1300 W 4th St in Gillette offers a three-level configuration with a main reception area, a second reception space, and four bathrooms. The interior has been updated with new flooring and paint, creating a refreshed setting for professional operations. The multi-level arrangement supports separation among offices, exam rooms, consultation areas, or other specialized workspaces.
Built in 1965 on a 0.26-acre lot and zoned C-1, the property meets licensing criteria for a daycare or preschool. Its existing layout also accommodates medical and professional office use, with multiple areas that can be organized for privacy and distinct functions.
Built in 1965 on a 0.26-acre lot and zoned C-1, the property meets licensing criteria for a daycare or preschool. Its existing layout also accommodates medical and professional office use, with multiple areas that can be organized for privacy and distinct functions.
Key Highlights
- 5,000 square feet across three levels
- Main reception area plus a second reception space
- New flooring and paint throughout the updated interior
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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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible professional layout with reception areas, private work zones, and updated interior finishes.
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 second reception space; New flooring and paint throughout the updated interior
