Mixed-Use Liquor Store and
5201 Douglas S Gillette, WY 82718
For Sale
$4,200,000
COMMERCIAL - Gillette, WY
Property Size19,743 SF
Lot Size2.55 Acres
Price / SF$212.73
Days on Market95
Property Features for 5201 Douglas S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3
Standard status
Active
Size
19,743 SF
Lot size
2.55 Acres
Taxes and HOA fees
Tax Annual Amount
10052
Building Details
Year built
2003
Listing Agency:
RE/MAX Professionals
(307) 682-6622
Listed By:
Ryan Conklin · License #3480
(307) 682-6622
Added: Apr 27
Changed: Jul 29
Last Checked: Jul 30 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This mixed-use property is split into two main sections. The first is a retail package liquor store and bar area totaling 9,030 square feet, featuring large built-in coolers, a retail setup for packaged liquor, updated flooring, and a spacious bar area. The second section is a 10,713-square-foot fitness center with hot yoga, spinning, and group fitness areas, along with expansive cardio and fitness space, locker rooms, and laundry hookups.
The building systems include fire suppression throughout, tankless water heaters, and roof-mounted natural gas HVAC units. An outdoor patio includes an 800-square-foot canopy and built-in gas lines for fire pits and heaters.
Set on a 2.55-acre lot, the property provides over 47,000 square feet of asphalt for designated parking and drive lanes. Located at the intersection of Highway 59 and Garner Lake Road, access is available from Highway 59, Garner Lake Road, and S. Butler Spaeth Road under C-1 zoning.
The building systems include fire suppression throughout, tankless water heaters, and roof-mounted natural gas HVAC units. An outdoor patio includes an 800-square-foot canopy and built-in gas lines for fire pits and heaters.
Set on a 2.55-acre lot, the property provides over 47,000 square feet of asphalt for designated parking and drive lanes. Located at the intersection of Highway 59 and Garner Lake Road, access is available from Highway 59, Garner Lake Road, and S. Butler Spaeth Road under C-1 zoning.
Key Highlights
- 19,743 SF total on a 2.55‑acre lot, split into a 9,030 SF liquor retail/bar section and a 10,713 SF fitness center
- Liquor store and bar area includes large built‑in coolers, retail setup for packaged liquor, updated flooring, and a spacious bar area
- Fitness center features hot yoga room, spinning room, group fitness area, expansive cardio/fitness space, locker rooms, and laundry hookups
Financial Insights For Specialty Retail
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 | $367.2k | $18.60 |
| − Vacancy | −$43.7k | −$2.21 |
| EGI | $323.5k | $16.39 |
| − OpEx | −$80.9k | −$4.10 |
| NOI | $242.6k | $12.29 |
19,743 SF · lease $18.60/SF/yr · vacancy 11.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.47M
$3.03M – $4.04M
NOI $242,640 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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
- Underdog Nutrition & Gym — 4500 Wigwam Blvd, Gillette, WY 82718
- allDimensions Fitness Center — 5201 S Douglas Hwy Ste 100, Gillette, WY 82718
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Two connected spaces include a liquor store/bar and a fitness center with hot yoga, cardio, and locker rooms.
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 SF total on a 2.55‑acre lot, split into a 9,030 SF liquor retail/bar section and a 10,713 SF fitness center; Liquor store and bar area includes large built‑in coolers, retail setup for packaged liquor, updated flooring, and a spacious bar area; Fitness center features hot yoga room, spinning room, group fitness area, expansive cardio/fitness space, locker rooms, and laundry hookups
