Building Details

Year Built 1982

Listing Agency: ERA Priority Real Estate

Listed By: Stephanie Bryce · License #16020 Show Phone

Source: Campbellcountyhomeguide

Added: Apr 16, 2025 Changed: Nov 1 Last Checked: Nov 4 at 2:20PM

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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

Is this asking price fair?

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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

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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