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Commercial Property with Workshop

370 Hwy 50 Gillette, WY 82718

370 Hwy 50, Gillette, WY, 82718
$1,100,000
For Sale
Claim this Listing
$1,100,000

COMMERCIAL - Gillette, WY

Property Size4,224 SF
Lot Size2.98 Acres
Price / SF$260.42
AddedNov 14, 2025
Days on Market243
Last RefreshJul 15 at 4:06 am

Property Features for 370 Hwy 50

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
C-O
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Standard status
Active
Size
4,224 SF
Lot size
2.98 Acres

Taxes and HOA fees

Tax Annual Amount
3866

Building Details

Year built
1982

Listing agent Stephanie Bryce License #16020

Listing office ERA Priority Real Estate 600 4J Court, Gillette, WY

Listing date Nov 14, 2025

MLS# 25-3098

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.


Investment Insights

Based on property information with market context.

This commercial property combines a ranch-style home with multiple outbuildings designed for work and storage. The home offers 3 bedrooms, 2 bathrooms, two kitchens, extensive storage, and a 2-car attached garage, along with a fully equipped basement that includes kitchens on both levels. The on-site shop totals 2,888 square feet and includes 220 power. Additional improvements include a 364-square-foot shed and 1,568 square feet of retail/storage space with a 28-by-28 garage.

The property is listed with C-O zoning and sits on 2.98 acres at 370 Hwy 50 in Gillette, Wyoming (Campbell County). Outdoor features include full landscaping, a pond with waterfall, and a gazebo.

According to the remarks, the property may be rezoned residential. Buyers should review zoning and options for further use based on intended business and residential plans.

Key Highlights

  • 2. 98‑acre commercial property with income‑producing potential.
  • 2,888 sq ft shop with 220 power and an additional 364 sq ft shed.
  • Ranch‑style home with 3 bedrooms, 2 bathrooms, 2 kitchens, and a 2‑car attached garage.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $62.3k $14.76
− Vacancy −$3.2k −$0.77
EGI $59.1k $13.99
− OpEx −$26.6k −$6.30
NOI $32.5k $7.70
4,224 SF · lease $14.76/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$464.4K
$406.3K – $541.8K (±1% cap)
NOI $32,507 @ 7.0% cap · market cap 2.96%
Second Best
Warehouse
$437.4K
$382.7K – $510.3K (±1% cap)
NOI $30,618 @ 7.0% cap · market cap 2.78%
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 local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Electrical Service (Bike/Boat/Book/etc) Store Auto Repair Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store Arcade & Gaming Center

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

FAQs

What type of property is this?
Single family property - Includes a ranch-style home plus a large shop with 220 power and additional retail/storage space.
Where is this single family 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 commercial property with income‑producing potential.; 2,888 sq ft shop with 220 power and an additional 364 sq ft shed.; Ranch‑style home with 3 bedrooms, 2 bathrooms, 2 kitchens, and a 2‑car attached garage.
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