Turnkey Commercial Shop on
For Sale
Contact for pricing
Pending
912 Gurley Ave, Gillette, WY 82716
3,600 SF heated shop with bay doors and utilities.
Property Size3,600 SF
Lot Size0.99 Acres
Days on Market157
Property Features for 912 Gurley Ave
General Information
Standard status
Pending
Size
3,600 SF
Lot size
0.99 Acres
Property subtype
Retail
Zoning
I-1
Listing Agency:
411 Properties
(307) 660-5470
Listed By:
Jessica LaCour · License #13305
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Jul 24 at 4:47PM
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 411 Properties
Investment Insights
Based on property information with market context.
This turnkey commercial shop offers 3,600 square feet of space. The heated shop is designed for immediate operation and features three oversized 16-foot bay doors, a full bathroom, and a dedicated kitchen area. Situated on a paved corner lot just under one acre, the property provides access, maneuverability, and parking. It is connected to city utilities. The property is located on Gurley Avenue with access to I-90. Its layout supports a range of commercial uses and is suitable for contractors, service businesses, or expanding operations.
Key Highlights
- Turnkey 3,600 SF heated commercial shop ready for immediate operation.
- High‑visibility location on Gurley with quick access to I‑90.
- Three oversized 16 ft bay doors for efficient access.
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
8.69%
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 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$632.1K
$553.1K – $737.4K
NOI $44,244 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,029 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 3,600 SF heated shop with bay doors and utilities.
Where is this retail space located?
The property is located at 912 Gurley Ave Gillette, WY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Turnkey 3,600 SF heated commercial shop ready for immediate operation.; High‑visibility location on Gurley with quick access to I‑90.; Three oversized 16 ft bay doors for efficient access.
