Building Details

Year Built 1982

Listing Agency: ERA Priority Real Estate

Listed By: Stephanie Bryce · License #16020 Show Phone

Source: Campbellcountyhomeguide

Added: May 17, 2025 Changed: Oct 1 Last Checked: Oct 9 at 8:06PM

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Investment Insights

Based on property information with market context.

Set on 2.98 acres, this mixed-use property includes a ranch-style residence built in 1982 with 3 bedrooms, 2 bathrooms, two kitchens, substantial storage, and a 2-car attached garage. The fully equipped basement provides additional living flexibility, with potential for two more bedrooms or a larger family room. The property also includes a 2,888-square-foot shop with 220 power, plus a 364-square-foot shed. Separate retail and storage space totals 1,568 square feet and includes a 28×28 garage. Landscaping, a pond with waterfall, and a gazebo add outdoor improvements. The property could be rezoned residential, subject to applicable approvals. Located at 370 Hwy 50 in Gillette, Wyoming.

Key Highlights

• 2.98‑acre mixed‑use property at 370 Hwy 50, Gillette, WY 82718
• Ranch‑style home with 3 bedrooms, 2 bathrooms, and two kitchens
• 2,888 sq ft shop with 220 power plus a 364 sq ft shed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,214

Cap Rate

3.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,280 $684.3K

Cap Rate 7%

$488,771 $488.8K

Cap Rate 9%

$380,156 $380.2K

Market Conditions

NOI Build-Up for 4,224 SF

Gross rent

$60.8K $14.40/SF

− Vacancy

−$6.1K −$1.44/SF

EGI

$54.7K $12.96/SF

− OpEx

−$20.5K −$4.86/SF

NOI

$34.2K $8.10/SF

Area

Campbell County, WY

Vacancy

10.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,280

Cap Rate 7%

$488,771

Cap Rate 9%

$380,156

Alternative Uses

Best Use

Mixed Use

$488.8K

$427.7K – $570.2K (±1% cap)

NOI $34,214 @ 7.0% cap · market cap 3.11%

Second Best

Industrial

$360.2K

$315.2K – $420.3K (±1% cap)

NOI $25,215 @ 7.0% cap · market cap 2.29%

Theoretical Best

Specialty Retail

$741.6K

$648.9K – $865.2K (±1% cap)

NOI $51,913 @ 7.0% cap · market cap 4.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick HVAC Service Law Firm Grocery & Convenience Store Building Supply Auto Repair Shop Carpet & Flooring Store

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

7

Businesses Nearby

Explore this area Business Placement

Demographics for 82718, WY

25,764

Population

10,228

Households

2.5

Avg Household Size

34

Median Age

27%

College-Educated

92%

High-School Grad

1,596.8 sq mi

ZIP Area

16

Density / Sq Mi

$104,454

Median Household Income

$51,047

Median Earnings

$1,042

Median Rent

$289,900

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 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 mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Versatile acreage combines a ranch home, workshop, retail/storage area, and landscaped outdoor amenities.

Where is this mixed-use property located?

The property is located at 370 Hwy 50 Gillette, WY.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 2.98‑acre mixed‑use property at 370 Hwy 50, Gillette, WY 82718; Ranch‑style home with 3 bedrooms, 2 bathrooms, and two kitchens; 2,888 sq ft shop with 220 power plus a 364 sq ft shed