Mixed-Use Property with Fitness
For Sale
$4,200,000
5201 Douglas S, Gillette, WY 82718
Two distinct commercial sections combine bar and retail functions with a fully equipped fitness center.
Property Size19,743 SF
Lot Size2.55 Acres
Price / SF$212.73
Days on Market323
Property Features for 5201 Douglas S
General Information
Standard status
Active
Size
19,743 SF
Lot size
2.55 Acres
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Sprinkler System
Yes
Amenities
outdoor patio with canopy and gas lines for fire pits and heaters
Building Details
Year Built
2003
Listing Agency:
RE/MAX Professionals
Listed By:
Ryan Conklin · License #3480
(307) 682-6622
Source:
Campbellcountyhomeguide
Added: Nov 24, 2025
Changed: Oct 1
Last Checked: Oct 12 at 8:25PM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
This 19,743-square-foot mixed-use property contains two substantial commercial sections. A 9,030-square-foot area is configured for a packaged-liquor retail operation and bar, with built-in coolers, retail fixtures, updated flooring, and bar space. The property also includes the Axe House and Cigar Bar. The remaining 10,713 square feet comprise a fitness center with hot yoga, spinning, group exercise, cardio and fitness areas, locker rooms, and laundry hookups.
Building systems include fire suppression, tankless water heaters, and roof-mounted natural gas HVAC. Outdoor amenities include a patio with an 800-square-foot canopy and gas lines for fire pits and heaters. The 2.55-acre site provides more than 47,000 square feet of asphalt for parking and drive lanes. Access is available from Highway 59, Garner Lake Road, and S. Butler Spaeth Road, with the property positioned at the intersection of Highway 59 and Garner Lake Road.
Building systems include fire suppression, tankless water heaters, and roof-mounted natural gas HVAC. Outdoor amenities include a patio with an 800-square-foot canopy and gas lines for fire pits and heaters. The 2.55-acre site provides more than 47,000 square feet of asphalt for parking and drive lanes. Access is available from Highway 59, Garner Lake Road, and S. Butler Spaeth Road, with the property positioned at the intersection of Highway 59 and Garner Lake Road.
Key Highlights
- 19,743 SF mixed‑use property divided between retail/bar space and a fitness center
- 9,030‑square‑foot retail and bar section with built‑in coolers and updated flooring
- 10,713‑square‑foot fitness center with hot yoga, spinning, group fitness, and locker rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,640
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,852,800
$4.9M
Cap Rate 7%
$3,466,286
$3.5M
Cap Rate 9%
$2,696,000
$2.7M
Market Conditions
NOI Build-Up for 19,743 SF
Gross rent
$367.2K $18.60/SF
− Vacancy
−$43.7K −$2.21/SF
EGI
$323.5K $16.39/SF
− OpEx
−$80.9K −$4.10/SF
NOI
$242.6K $12.29/SF
Area
Campbell County, WY
Vacancy
11.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,852,800
Cap Rate 7%
$3,466,286
Cap Rate 9%
$2,696,000
Alternative Uses
Best Use
Specialty Retail
$3.47M
$3.03M – $4.04M
NOI $242,640 @ 7.0% cap · market cap 5.78%
Second Best
Retail
$3.24M
$2.83M – $3.77M
NOI $226,464 @ 7.0% cap · market cap 5.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
378
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Coffee Beanery
Dining
378 visits/mo
0.0 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two distinct commercial sections combine bar and retail functions with a fully equipped fitness center.
Where is this mixed-use property located?
The property is located at 5201 Douglas S Gillette, WY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 19,743 SF mixed‑use property divided between retail/bar space and a fitness center; 9,030‑square‑foot retail and bar section with built‑in coolers and updated flooring; 10,713‑square‑foot fitness center with hot yoga, spinning, group fitness, and locker rooms
