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    Heavy Industrial Land with Shops Title is generated by Realmo AI

    425 Gehring St, Mills, WY 82604

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    Claim this Listing
    For Sale
    $429,000

    5.19 acres of heavy industrial land with two shops.

    Property size:
    8,400 SF
    Lot size:
    5.19 Acres
    Price / SF:
    $51/SF
    Added:
    Dec 4, 2025
    Days on Market:
    192
    Last Refresh:
    Jan 20 at 10:55 am

    Property Features for 425 Gehring St

    General Information

    Standard status
    Active
    Size
    8,400 SF
    Lot size
    5.19 Acres

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    Listing Contact
    Phil Pike
    Phil Pike

    Listing agent Phil Pike

    Listing office SunShine Property Company

    Listing date Dec 4, 2025

    Source Exprealty

    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 SunShine Property Company

    HighLights

    • 5.19 Acre Heavy Industrial Zoned Land
    • 60'x100' Shop with 3 Overhead Doors and 18'x40' Two‑Level Office
    • Vehicle Storage and Disposal Facility License from the State of Wyoming
    • Drive‑Through 28'x40' Shop
    • Fenced Inner Yard
    • Concrete Pad (Potentially Suitable for Modular)

    Overview

    This property features 5.19 acres of heavy industrial zoned land improved with two shops. The first shop measures 60'x100' and includes three overhead doors and a two-level office area measuring 18'x40'. The second shop is a drive-through structure measuring 28'x40'. The site includes a fenced inner yard and a concrete pad that may be suitable for a modular structure. Additionally, the site possesses a Vehicle Storage and Disposal Facility License from the State of Wyoming. Note that scrap is not included but may be negotiable. The property is being sold AS-IS.

    Local Financial Insights For Industrial

    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 $55.4k $6.60
    − Vacancy −$2.5k −$0.30
    EGI $52.9k $6.30
    − OpEx −$15.9k −$1.89
    NOI $37.1k $4.41
    8,400 SF · lease $6.60/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $529.5K
    $463.3K – $617.7K (±1% cap)
    NOI $37,062 @ 7.0% cap · market cap 8.64%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.88M
    $1.64M – $2.19M (±1% cap)
    NOI $131,282 @ 7.0% cap · market cap 30.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Mills
    County
    Natrona
    State
    Wyoming
    Longitude
    -106.914
    Latitude
    42.8993

    FAQs

    What type of property is this?
    Industrial land - 5.19 acres of heavy industrial land with two shops.
    Where is this industrial land located?
    The property is located at 425 Gehring St Mills, WY.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: 5.19 Acre Heavy Industrial Zoned Land; 60'x100' Shop with 3 Overhead Doors and 18'x40' Two‑Level Office; Vehicle Storage and Disposal Facility License from the State of Wyoming
    More about this property
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