Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    46 N SUBLETTE Avenue Pinedale, WY 82941

    View on Map
    Claim this Listing
    New
    For Sale
    $1,900,000

    COMMERCIAL - Pinedale, WY

    Property size:
    5,865 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $323/SF
    Added:
    May 5, 2026
    Days on Market:
    3
    Last Refresh:
    May 7 at 12:06 am

    Property Features for 46 N SUBLETTE Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    34093432800300
    Size
    5,865 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4108

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Building materials
    Wood Siding, Stick Built On Site
    Roof type
    Metal

    We can help!

    Listing Contact
    Brett McPeak
    Brett McPeak

    Listing agent Brett McPeak

    Listing office Jackson Hole Sotheby's International Realty 185 W Broadway PO Box 3281, Jackson, WY

    Listing date May 5, 2026

    MLS# 26-913

    Copyright © 2026 Teton Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Extensively remodeled in 2017.
    • Prime location within walking distance of restaurants, shopping, and parks.
    • Established business with a 70+ year history and Western heritage.
    • Nineteen rooms in four configurations.
    • Includes on‑site housing unit for owner or employees.
    • Four city lots comprising 0.32 acres with adequate parking.

    Overview

    Gannett Peak Lodge in Pinedale

    The Gannett Peak Lodge, a part of Pinedale's Western heritage for over seven decades, operates seasonally from mid-May until mid-October, primarily catering to summer tourists. Remodeled in 2017, the property features 19 rooms in four configurations. Additional spaces include a front desk and office, on-site laundry, supply storage, and an on-site housing unit for employees or a live-in owner. The property is located within walking distance of restaurants, shopping, Town of Pinedale parks, and other points of interest. The property, which is suitable for commercial real estate, hospitality, and as a motel, sits on four city lots comprising 0.32 acres, providing parking for guests. The building size is 5865 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Storage Facility HVAC Service Garden Center Veterinary Clinic Pet Store Clothing & Fashion Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Wine and Liquor Store Arcade & Gaming Center

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

    Similar Places Nearby

    • Best Western Pinedale Inn — 864 W Pine St, Pinedale, WY 82941
    • Wagon Wheel Motel — 407 e pine st, pinedale, wy 82941
    • Quality Inn & Suites — 1054 W Pine St, Pinedale, WY 82941
    • Wallace BNB — 110 Mill St Units C & D, Pinedale, WY 82941
    • Jackalope Motor Lodge — 407 S Pine St, Pinedale, WY 82941

    Location Insight

    • Map
    • Local Demand
    City
    Pinedale
    County
    Sublette
    State
    Wyoming
    Longitude
    -109.858816
    Latitude
    42.867281

    Nearby Similar for Sale

    • $499,000
      2,304 SF

      Pinedale Commercial Shop with Apartment

      Commercial shop with apartment on busy Main Street in Pinedale.
      704 W PINE Street, Pinedale, WY 82941
      View Details
    • $499,000

      Pinedale Commercial Shop with Apartment

      Commercial shop with apartment in high-visibility Pinedale location.
      704 W PINE Street, Pinedale, WY 82941
      View Details
    • $1,250,000
      4,164 SF

      Turnkey Commercial Property with Business

      Commercial property with established business, coffee shop, and warehouse.
      461 S PINE Street, Pinedale, WY 82941
      View Details
    • $430,000
      1,360 SF

      Updated Commercial Property, Pinedale

      Recently updated commercial property in a high-traffic Pinedale location.
      423B W PINE Street, Pinedale, WY 82941
      View Details
    • $5,900,000
      16,046 SF

      Turnkey Restaurant Opportunity in Pinedale

      High-visibility, fully updated restaurant and saloon in downtown Pinedale.
      117 W PINE Street, Pinedale, WY 82941
      View Details
    • $1,250,000

      Turnkey Commercial Property with Business

      Commercial property with established business, multiple income streams, growth potential.
      461 S PINE Street, Pinedale, WY 82941
      View Details
    • $430,000

      Updated Commercial Property in Pinedale

      Recently updated commercial property with high visibility in Pinedale, WY.
      423B W PINE Street, Pinedale, WY 82941
      View Details
    • $449,000
      1,516 SF

      Pinedale Commercial Opportunity For Sale

      Versatile commercial building with barn, suitable for various business uses.
      43 S MADISON Avenue, Pinedale, WY 82941
      View Details
    • $3,900,000
      16,500 SF

      Pinedale Mixed-Use Commercial Building

      Architecturally significant mixed-use building in downtown Pinedale, Wyoming.
      174 W MAGNOLIA Street, Pinedale, WY 82941
      View Details
    • $599,000
      2,476 SF

      Pinedale Twin Home Opportunity

      Twin home in Pinedale with ample living space.
      376A S ASHLEY Avenue, Pinedale, WY 82941
      View Details
    • $2,400,000
      24,764 SF

      24,764 SF Quality Inn & Suites Pinedale Wyoming

      43-room Quality Inn & Suites in Pinedale, Wyoming, renovated in 2023.
      1054 W Pine Street, Pinedale, WY 82941
      View Details
    • $1,495,000
      4,850 SF

      Historic Corral Bar For Sale

      Established bar and restaurant with full liquor license included.
      30 W Pine St, Pinedale, WY 82941
      View Details

    FAQs

    What type of property is this?
    Motel - Classic motor lodge in Pinedale, extensively remodeled in 2017.
    Where is this motel located?
    The property is located at 46 N SUBLETTE Avenue Pinedale, WY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Extensively remodeled in 2017.; Prime location within walking distance of restaurants, shopping, and parks.; Established business with a 70+ year history and Western heritage.
    (307) 690-4335
    We can help!
    Listing Contact
    Brett McPeak
    Brett McPeak
    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
    46 N SUBLETTE Avenue, Pinedale, WY 82941
    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!