Building Details

Year Built 1961

Listing Agency: ERA Priority Real Estate

Listed By: Jamie Pedersen · License #12874 Show Phone

Source: Campbellcountyhomeguide

Added: Mar 1, 2025 Changed: Oct 1 Last Checked: Oct 14 at 11:29PM

Report an Issue

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

Investment Insights

Based on property information with market context.

This 0.60-acre commercial corner parcel includes a 3,050-square-foot existing building constructed in 1961. The structure is livable and can support office or retail use, although the foundation wall requires repair. A 26x32 detached garage adds supplementary space to the property.

The site fronts Hwy 59 and has front, side, and alley access. Nearby surroundings include Dollar General, Lasting Legacy Park, Pizza Carrello, and shopping centers, placing the property within an established commercial setting.

Key Highlights

• 0.60‑acre commercial corner lot on Hwy 59
• 3,050‑square‑foot existing building constructed in 1961
• Building is livable; foundation wall requires repair

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,985

Cap Rate

8.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$699,700 $699.7K

Cap Rate 7%

$499,786 $499.8K

Cap Rate 9%

$388,722 $388.7K

Market Conditions

NOI Build-Up for 3,050 SF

Gross rent

$56.7K $18.60/SF

− Vacancy

−$6.8K −$2.21/SF

EGI

$50.0K $16.39/SF

− OpEx

−$15.0K −$4.92/SF

NOI

$35.0K $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 Rate 5%

$699,700

Cap Rate 7%

$499,786

Cap Rate 9%

$388,722

Alternative Uses

Best Use

Retail

$499.8K

$437.3K – $583.1K (±1% cap)

NOI $34,985 @ 7.0% cap · market cap 8.77%

Second Best

Office B

$426.5K

$373.2K – $497.5K (±1% cap)

NOI $29,852 @ 7.0% cap · market cap 7.48%

Theoretical Best

Specialty Retail

$535.5K

$468.6K – $624.7K (±1% cap)

NOI $37,484 @ 7.0% cap · market cap 9.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick HVAC Service Garden Center Kitchen & Bath Showroom Electrical Service Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,033

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Remodeled Medical Office Space

1300 W 4th St, Gillette, WY 82716

$650,000

5,000 SF

View details

Mixed-Use Property with Shop

370 Hwy 50, Gillette, WY 82718

$1,100,000

4,224 SF

View details

Flex Industrial Property with Shop

3250 Hackathorn Ln, Gillette, WY 82716

$799,000

7,555 SF

View details

Fitness Center with Retail Space

5201 Douglas S, Gillette, WY 82718

$4,200,000

19,743 SF

View details

Specialty Property with Build-to-Suit Option

560 Running Drive Ste 110 W, Gillette, WY 82716

$600,000

3,000 SF

View details

C-1 Specialty Property

560 Running Drive Ste 130 W, Gillette, WY 82718

$600,000

3,000 SF

View details

Day Care Center With Large Deck

640 12th St W, Gillette, WY 82716

$445,000

4,420 SF

View details

Storefront Space with Build-to-Suit

560 Running Dr Ste 100 W, Gillette, WY 82718

$720,000

3,600 SF

View details

40-Unit Apartment Complex

1922-1931 Harvest Moon Dr, Gillette, WY 82718

$5,900,000

3,384 SF

View details

Restaurant Property with Commercial Kitchen

1612 W 2nd St, Gillette, WY 82716

$1,260,000

4,809 SF

View details

Car Wash with Dog Spa

1307 W 2nd St, Gillette, WY 82716

$6,250,000

4,064 SF

View details

Updated RV Park

1600 Garner Lake Rd S, Gillette, WY 82718

$4,000,000

5,472 SF

View details

Frequently Asked Questions

What type of property is this?

Commercial land - Corner commercial parcel with an existing building suited for office or retail use, plus a detached garage and multiple access points.

Where is this commercial land located?

The property is located at 805 S Douglas Hwy S Gillette, WY.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 0.60‑acre commercial corner lot on Hwy 59; 3,050‑square‑foot existing building constructed in 1961; Building is livable; foundation wall requires repair