Storefront Space with
For Sale
$720,000
560 Running Dr Ste 100 W, Gillette, WY 82718
Commercial Sale, Gillette, WY
Property Size3,600 SF
Price / SF$200
Days on Market3234
Property Features for 560 Running Dr Ste 100 W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Directions
Start at 4J and Lakeway Intersection head south on 4J, continue south on 4j once its merged into Enzi Dr, turn right on to Shoshone, turn right onto Running W Dr.
Subdivision
RC Ranch
Standard status
Active
Size
3,600 SF
Building Details
Year built
2017
Listing Agency:
411 Properties
(307) 660-5470
Listed By:
Jessica LaCour · License #13305
(307) 660-5470
Added: Oct 19, 2017
Changed: Aug 26
Last Checked: Aug 26 at 5:06PM
MLS# 17-1529
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 3,600-square-foot storefront property is zoned C-1 and is being developed for commercial use. Seller build-to-suit services are available for the space, allowing the finished configuration to be tailored to the selected business.
The property is located at 560 Running Dr Ste 100 W in Gillette, Wyoming. Its setting places it across from Thunder Basin High School and an apartment complex, with the Rec Center nearby and RC Ranch Subdivision at the property’s base. The surrounding residential and institutional uses provide an established local context for storefront operations.
The property is located at 560 Running Dr Ste 100 W in Gillette, Wyoming. Its setting places it across from Thunder Basin High School and an apartment complex, with the Rec Center nearby and RC Ranch Subdivision at the property’s base. The surrounding residential and institutional uses provide an established local context for storefront operations.
Key Highlights
- 3,600‑square‑foot storefront property
- C‑1 zoning supports commercial use
- Seller offers build‑to‑suit construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,294
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$825,880
$825.9K
Cap Rate 7%
$589,914
$589.9K
Cap Rate 9%
$458,822
$458.8K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$67.0K $18.60/SF
− Vacancy
−$8.0K −$2.21/SF
EGI
$59.0K $16.39/SF
− OpEx
−$17.7K −$4.92/SF
NOI
$41.3K $11.47/SF
Area
Campbell County, WY
Vacancy
11.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$825,880
Cap Rate 7%
$589,914
Cap Rate 9%
$458,822
Alternative Uses
Best Use
Retail
$589.9K
$516.2K – $688.2K
NOI $41,294 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$632.1K
$553.1K – $737.4K
NOI $44,244 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - C-1-zoned commercial space near a high school, apartments, recreation center, and residential subdivision.
Where is this storefront property located?
The property is located at 560 Running Dr Ste 100 W Gillette, WY.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 3,600‑square‑foot storefront property; C‑1 zoning supports commercial use; Seller offers build‑to‑suit construction
