Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Ready for Operation Title is generated by Realmo AI

    207 S Miller Ave, Gillette, WY 82716

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Restaurant with drive-thru on a corner lot.

    Type:Retail
    Property size:
    4,279 SF
    Lot size:
    1.18 Acres
    Price / SF:
    $209/SF
    Added:
    Feb 6, 2026
    Days on Market:
    97
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 207 S Miller Ave

    General Information

    Standard status
    Active
    Size
    4,279 SF
    Lot size
    1.18 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    Steve Laakso
    Steve Laakso

    Listing agent Steve Laakso License #4519

    Listing office Signature Real Estate Group

    Listing date Feb 6, 2026

    Source Crexi

    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 Signature Real Estate Group

    HighLights

    • Fully equipped restaurant ready for immediate operation with equipment, tables, and chairs.
    • High‑traffic location at the corner of Highway 59 and Second St.
    • Includes a drive‑thru for increased customer access.
    • Large dining area and great kitchen space.
    • Prime real estate ownership opportunity in Gillette, WY.
    • Situated on a 1.18‑acre lot.

    Overview

    This restaurant property, situated on a 1.18-acre corner lot, features a drive-thru and is equipped with all necessary equipment, tables, and chairs, making it ready for immediate operation. The 4,279 square-foot building includes a large dining area and a kitchen space. Located at the corner of Highway 59 and Second St, the property benefits from high traffic. This commercial real estate is located in Gillette, WY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hardee's Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gillette
    County
    Campbell
    State
    Wyoming
    Longitude
    -105.4946612
    Latitude
    44.2927177

    Nearby Similar for Sale

    • $650,000
      5,000 SF

      Turn-Key Commercial Space, Gillette, WY

      Remodeled commercial property ideal for medical or professional office.
      1300 W 4th St, Gillette, WY 82716
      View Details
    • $4,200,000
      19,743 SF

      Multi-Use Commercial Property in Gillette

      Versatile 19,743 SF property with retail and fitness spaces.
      5201 Douglas S, Gillette, WY 82718
      View Details
    • $829,000
      6,200 SF

      Gillette Commercial Property For Sale

      Commercial property with shop, office, and outdoor space in Gillette.
      3416 Garman Rd, Gillette, WY 82716
      View Details
    • $360,000
      2,091 SF

      Gillette Office Space For Sale

      Well-maintained 2,091 SF office space near the hospital.
      1313 4th W, Gillette, WY 82716
      View Details
    • $520,000
      4,420 SF

      Gillette Commercial Property with Yard

      Well-maintained commercial property with yard, currently operating as a daycare.
      640 12th St W, Gillette, WY 82716
      View Details
    • $399,000
      3,050 SF

      Gillette Commercial Property on Highway

      High-visibility commercial property on a large corner lot.
      805 S Douglas Hwy, Gillette, WY 82716
      View Details
    • $700,000
      5,350 SF

      Gillette Multifamily Investment Opportunity

      Recently remodeled 6-plex with separate home near downtown Gillette.
      103 W 7th St, Gillette, WY 82716
      View Details
    • $1,350,000
      4,809 SF

      Gillette Restaurant Opportunity For Sale

      Long-standing Chinese restaurant with building and land for sale.
      1612 W 2nd St, Gillette, WY 82716
      View Details
    • $490,000
      2,992 SF

      Gillette WY Fourplex For Sale

      Well-maintained fourplex with desirable setting and immediate income potential.
      608 Overdale, Gillette, WY 82718
      View Details
    • $1,690,000

      Gillette Farm Estate with Equestrian Amenities

      80-acre farm estate with custom residence and equestrian facilities.
      6001 Stone Gate Avenue, Gillette, WY 82718
      View Details
    • $5,900,000
      3,384 SF

      Gillette Apartment Complex For Sale

      Ten well-maintained 4-plex units with good rental history.
      1922-1931 Harvest Moon Dr, Gillette, WY 82718
      View Details
    • $475,000
      3,600 SF

      Turnkey Commercial Shop on Gurley

      3,600 SF heated shop with bay doors and utilities.
      912 Gurley Ave, Gillette, WY 82716
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Restaurant with drive-thru on a corner lot.
    Where is this drive through restaurant located?
    The property is located at 207 S Miller Ave Gillette, WY.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Fully equipped restaurant ready for immediate operation with equipment, tables, and chairs.; High‑traffic location at the corner of Highway 59 and Second St.; Includes a drive‑thru for increased customer access.
    (307) 680-4956 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Laakso
    Steve Laakso
    Real Estate License ID: 4519
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    207 S Miller Ave, Gillette, WY 82716
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!