Prime Commercial Property on Yellowstone
4113 W Yellowstone Hwy Mills, WY 82604
For Sale
$1,430,000
High-visibility commercial property with warehouse space and ample parking.
Property Size23,000 SF
Lot Size1.09 Acres
Price / SF$62.17
Days on Market266
Property Features for 4113 W Yellowstone Hwy
General Information
Standard status
Active
Size
23,000 SF
Lot size
1.09 Acres
Listing Agency:
LPT Realty
(307) 871-2521
Listed By:
Nathaniel Steinhoff
(307) 871-2521
Source:
Exprealty
Added: Nov 6, 2025
Changed: Jul 6
Last Checked: Jul 29 at 8:18PM
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 LPT Realty
Investment Insights
Based on property information with market context.
Located at the corner of SW Wyoming Blvd and West Yellowstone Hwy, this commercial property benefits from high visibility with over 15,000 vehicles passing daily. The property includes nearly 23,000 square feet of total building space, featuring over 16,000 square feet of warehouse/shop area. A secure fenced yard and ample off-street parking are included. The location provides quick access to Casper/Natrona County International Airport and Interstate 25, facilitating regional and national connectivity. The property is suitable for investors seeking rental income or owner-occupants with specific needs. Neighboring parcels are available for purchase, allowing for the creation of a tailored commercial campus. Formerly used as a truck dealership, the property has existing offices, a showroom, a parts room, and shop spaces. Natrona County saw $377.8 million in visitor spending in 2024, supporting over 3,400 jobs. The property is near Casper Mountain, offering hiking, skiing, and views, as well as access to the North Platte River and lakes like Alcova and Pathfinder.
Key Highlights
- High‑visibility location at a busy intersection with over 15,000 vehicles per day.
- Large building with nearly 23,000 sq ft of total space, including over 16,000 sq ft of warehouse/shop area.
- Strategic location with quick access to the airport, Interstate 25, and the business bypass.
Financial Insights For Warehouse
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 | $160.1k | $6.96 |
| − Vacancy | −$6.4k | −$0.28 |
| EGI | $153.7k | $6.68 |
| − OpEx | −$23.1k | −$1.00 |
| NOI | $130.6k | $5.68 |
23,000 SF · lease $6.96/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$2.92M
$2.56M – $3.41M
NOI $204,406 @ 7.0% cap · market cap 14.29%
Second Best
Warehouse
$1.87M
$1.63M – $2.18M
NOI $130,625 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$5.14M
$4.49M – $5.99M
NOI $359,462 @ 7.0% cap · market cap 25.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Casper Discount Storage — 620 Salt Creek Hwy, Casper, WY 82601
- Extra Storage Mills — 222 Pendell Blvd, Mills, WY 82604
- Myzwel Store It Self Storage — 542 2nd St, Mills, WY 82604
- Fossil Creek Secure Storage — 4461 Pontiac St, Mills, WY 82644
- Move Now LLC — 46 Roosevelt St, Mills, WY 82604
Frequently Asked Questions
What type of property is this?
Warehouse - High-visibility commercial property with warehouse space and ample parking.
Where is this warehouse located?
The property is located at 4113 W Yellowstone Hwy Mills, WY.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: High‑visibility location at a busy intersection with over 15,000 vehicles per day.; Large building with nearly 23,000 sq ft of total space, including over 16,000 sq ft of warehouse/shop area.; Strategic location with quick access to the airport, Interstate 25, and the business bypass.
