Restaurant Building with Commercial
For Sale
$1,260,000
1612 W 2nd St, Gillette, WY 82716
Established commercial property with restaurant improvements, on-site parking, and prominent street exposure.
Property Size4,809 SF
Price / SF$262.01
Days on Market140
Property Features for 1612 W 2nd St
General Information
Standard status
Active
Size
4,809 SF
Property subtype
Commercial
Building Details
Year Built
1979
Listing Agency:
ERA Priority Real Estate
Listed By:
Stephanie Bryce · License #16020
(307) 686-9200
Source:
Campbellcountywyhomes
Added: May 31
Changed: Oct 1
Last Checked: Oct 16 at 9:27AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1612 W 2nd St in Gillette, Wyoming, this 4,809-square-foot commercial building is configured for restaurant operations and includes a commercial kitchen. The property was built in 1979 and offers parking along with street exposure.
Recent work includes a new roof and multiple interior upgrades completed within the past two years. The existing business is continuing operations while the property is marketed, allowing the restaurant to remain open during the sale process. The building may also be repurposed for other commercial uses, subject to applicable requirements.
Recent work includes a new roof and multiple interior upgrades completed within the past two years. The existing business is continuing operations while the property is marketed, allowing the restaurant to remain open during the sale process. The building may also be repurposed for other commercial uses, subject to applicable requirements.
Key Highlights
- 4,809‑square‑foot restaurant property at 1612 W 2nd St, Gillette, WY 82716
- Commercial kitchen included
- New roof and multiple interior upgrades completed within the past two years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,102
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,040
$1.2M
Cap Rate 7%
$844,314
$844.3K
Cap Rate 9%
$656,689
$656.7K
Market Conditions
NOI Build-Up for 4,809 SF
Gross rent
$89.4K $18.60/SF
− Vacancy
−$10.6K −$2.21/SF
EGI
$78.8K $16.39/SF
− OpEx
−$19.7K −$4.10/SF
NOI
$59.1K $12.29/SF
Area
Campbell County, WY
Vacancy
11.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,040
Cap Rate 7%
$844,314
Cap Rate 9%
$656,689
Alternative Uses
Best Use
Specialty Retail
$844.3K
$738.8K – $985.0K
NOI $59,102 @ 7.0% cap · market cap 4.69%
Second Best
Industrial
$410.1K
$358.8K – $478.5K
NOI $28,707 @ 7.0% cap · market cap 2.28%
Theoretical Best
—
—
same as Best Use
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
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
75k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 42%
Hotels & Casinos 11%
McDonald's
Dining
19,691 visits/mo
0.4 miles
Shell
Shops & Services
19,347 visits/mo
0.2 miles
Kum & Go
Shops & Services
9,342 visits/mo
0.4 miles
Pizza Ranch
Dining
6,785 visits/mo
0.4 miles
Sinclair
Shops & Services
4,548 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established commercial property with restaurant improvements, on-site parking, and prominent street exposure.
Where is this conventional restaurant located?
The property is located at 1612 W 2nd St Gillette, WY.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: 4,809‑square‑foot restaurant property at 1612 W 2nd St, Gillette, WY 82716; Commercial kitchen included; New roof and multiple interior upgrades completed within the past two years
