Industrial Facility with Office
510 Limestone Ave, Gillette, WY 82716
For Sale
New
$1,650,000
A paved-access site combines a substantial shop area with finished offices and mezzanine storage.
Property Size18,000 SF
Lot Size4.64 Acres
Price / SF$91.67
Days on Market7
Property Features for 510 Limestone Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Office Build-Out
Mezzanine
Additional Details
Asking Price
Road Access
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Listing Agency:
HCBRE, LLC
(307) 686-9500
Listed By:
Grant A. Edmunds · License #WY 12658
(307) 220-1614
Source:
307realtyteam
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 6:15PM
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 HCBRE, LLC
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Investment Insights
Based on property information with market context.
This 18,000-square-foot industrial facility, built in 1984, sits on 4.64 acres and includes a spacious shop, 3,600 square feet of finished office space, and 2,100 square feet of mezzanine storage. The property is zoned I-2 and has a flexible site layout with yard space.
Located in Gillette’s Warlow Industrial corridor, the site has paved access and access to major roadways. The existing tenant is scheduled to vacate after its lease ends in December 2025.
Located in Gillette’s Warlow Industrial corridor, the site has paved access and access to major roadways. The existing tenant is scheduled to vacate after its lease ends in December 2025.
Key Highlights
- 18,000 SF industrial facility on 4.64 acres
- 3,600 SF of finished office space
- 2,100 SF of mezzanine storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,449
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,148,980
$2.1M
Cap Rate 7%
$1,534,986
$1.5M
Cap Rate 9%
$1,193,878
$1.2M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$181.4K $10.08/SF
− Vacancy
−$27.9K −$1.55/SF
EGI
$153.5K $8.53/SF
− OpEx
−$46.0K −$2.56/SF
NOI
$107.4K $5.97/SF
Area
Campbell County, WY
Vacancy
15.40%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,148,980
Cap Rate 7%
$1,534,986
Cap Rate 9%
$1,193,878
Alternative Uses
Best Use
Industrial
$1.53M
$1.34M – $1.79M
NOI $107,449 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.16M
$2.77M – $3.69M
NOI $221,219 @ 7.0% cap · market cap 13.41%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
Demographics for 82716, WY
17,094
Population
7,771
Households
2.2
Avg Household Size
36
Median Age
16%
College-Educated
93%
High-School Grad
1,182.7 sq mi
ZIP Area
14
Density / Sq Mi
$77,169
Median Household Income
$45,276
Median Earnings
$890
Median Rent
$234,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - A paved-access site combines a substantial shop area with finished offices and mezzanine storage.
Where is this industrial property located?
The property is located at 510 Limestone Ave Gillette, WY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 18,000 SF industrial facility on 4.64 acres; 3,600 SF of finished office space; 2,100 SF of mezzanine storage
