Fitness Center with Retail
For Sale
$4,200,000
5201 Douglas S, Gillette, WY 82718
Commercial Sale, Gillette, WY
Property Size19,743 SF
Lot Size2.55 Acres
Price / SF$212.73
Days on Market174
Property Features for 5201 Douglas S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3
Directions
Corner of Hwy 59 and S. Garner Lake Rd.
Subdivision
Rural GIL - SW (Boundry Hwy59/I-90)
Standard status
Active
Size
19,743 SF
Lot size
2.55 Acres
Taxes and HOA fees
Tax Annual Amount
10052
Amenities
large built-in coolers
updated flooring
spacious bar area
outdoor patio
canopy
built-in gas lines for fire pits and heaters
fire suppression systems
tankless water heaters
roof-mounted natural gas HVAC
hot yoga room
spinning room
group fitness area
expansive cardio and fitness space
locker rooms
laundry hookups
Building Details
Year built
2003
Listing Agency:
RE/MAX Professionals · RE/MAX International
(307) 682-6622
Listed By:
Ryan Conklin · License #3480
(307) 660-8144
Added: Apr 27
Changed: Oct 14
Last Checked: Oct 17 at 2:06AM
MLS# 26-457
Copyright © 2026 Northeast Wyoming REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 19,743-square-foot property is arranged in two primary sections. One 9,030-square-foot area combines a packaged liquor retail setup with a bar, built-in coolers, updated flooring, the Axe House, and a Cigar Bar. The 10,713-square-foot fitness center includes 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. Outside, an 800-square-foot canopy covers the patio, which has built-in gas lines for fire pits and heaters. The 2.55-acre site includes over 47,000 square feet of asphalt for parking and drive lanes, with access from Highway 59, Garner Lake Road, and S. Butler Spaeth Road. The property is zoned C-1 and was built in 2003.
Building systems include fire suppression, tankless water heaters, and roof-mounted natural gas HVAC. Outside, an 800-square-foot canopy covers the patio, which has built-in gas lines for fire pits and heaters. The 2.55-acre site includes over 47,000 square feet of asphalt for parking and drive lanes, with access from Highway 59, Garner Lake Road, and S. Butler Spaeth Road. The property is zoned C-1 and was built in 2003.
Key Highlights
- 19,743 square feet divided between retail and fitness uses
- 9,030‑square‑foot retail package liquor store and bar area
- 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
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Family Fun Frontier Center — 5700 S Douglas Hwy, Gillette, WY 82718
- Wyoming Academy Of Gymnastics And Dance — 5441 Swanson Rd, Gillette, WY 82718
- allDimensions Fitness Center — 5201 S Douglas Hwy Ste 100, Gillette, WY 82718
- Underdog Nutrition & Gym — 4500 Wigwam Blvd, Gillette, WY 82718
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Two-section commercial property with dedicated training areas, bar service, and extensive on-site parking.
Where is this fitness center & gym 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 square feet divided between retail and fitness uses; 9,030‑square‑foot retail package liquor store and bar area; 10,713‑square‑foot fitness center with hot yoga, spinning, group fitness, and locker rooms
