Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    601 Broadway St Thermopolis, WY 82443

    Sponsored
    For Sale
    $745,000

    Mixed-use building, high NOI, strong tenant.

    Property size:
    10,017 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A mixed-use property, located at 601 Broadway St, Thermopolis, WY 82443, presents a compelling investment opportunity. The 10,017 square foot building, constructed in 1999 and renovated in 2012, boasts a desirable storefront and traditional office layout, currently housing four tenants, including a credit-rated franchisee (Verizon Wireless). The building features 9,300 square feet of net rentable space, achieving a 75% occupancy rate and generating a strong net operating income (NOI) of $57,000, resulting in a 9.00% cap rate. The asking price is $745,000, translating to $74.37 per square foot. The property sits on an 8,400 square foot lot with 5 parking spaces and offers 8,400 square feet of air rights. Recent upgrades include a new metal roof (2022), high-efficiency furnaces with central air conditioning, updated flooring, paint, light fixtures, and bathrooms. The building's prime location at the only traffic light in Thermopolis ensures high visibility and traffic count, benefiting from its proximity to major highways and the popular Hot Springs State Park, attracting over 1.9 million visitors annually. This fee-simple ownership opportunity offers a net lease investment with multi-tenancy and a permitted CBD zoning. The property consists of one, two-story building with six units. This is a rare chance to acquire a well-maintained, high-income-generating commercial property in a thriving Wyoming location.

    Property Features for 601 Broadway St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,017 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1999/2012
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • High‑traffic corner location with excellent visibility.
    • Strong rental income stream.
    • High‑performing investment property.
    Property Profile Location Intelligence

    Current Use by Public Records

    US Agricultural Department Government RE/MAX All-Star, REALTORS Real Estate Agency Natural Resources Conservation Conservation Department Verizon Cell Phone Store Skye Coleman-Weisz, RE/MAX ... Real Estate Agent

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thermopolis
    County
    Hot Springs
    State
    Wyoming
    Longitude
    -108.2122913
    Latitude
    43.6458057

    Nearby Comparable

    • $745,000
      10,017 SF

      Thermopolis Commercial Building Opportunity

      10,000+ SF, prime Thermopolis location.
      601 Broadway St, Thermopolis, WY 82443
      View Details
    • $799,000
      0.39 Acres

      Profitable Auto Parts Business

      Turnkey auto parts business with real estate in Thermopolis, Wyoming.
      607 Broadway St, Thermopolis, WY 82443
      View Details
    • $745,000
      0.23 Acres

      Historic Klink Building in Thermopolis

      Prime retail space in downtown Thermopolis with renovation potential.
      500 Broadway St, Thermopolis, WY 82443
      View Details
    • $280,000

      Veterinary Building in Thermopolis, WY

      Turnkey veterinary building on a 13,234 sq ft lot.
      827 S 6Th St, Thermopolis, WY 82443
      View Details
    • $2,950,000
      27,387 SF

      Quality Inn: Thermopolis, WY

      Profitable Wyoming Hotel Investment
      166 Us-20, Thermopolis, WY 82443
      View Details

    Nearby Similar for Sale

    • New
      $2,249,000
      2,716 SF

      Wyoming Farm and Ranch Property

      213-acre agricultural and recreational property near Thermopolis, Wyoming.
      654 Hwy 20 N, Thermopolis, WY 82443
      View Details
    • $280,000

      Veterinary Building in Thermopolis, WY

      Turnkey veterinary building on a 13,234 sq ft lot.
      827 S 6Th St, Thermopolis, WY 82443
      View Details
    • $799,000
      0.39 Acres

      Profitable Auto Parts Business

      Turnkey auto parts business with real estate in Thermopolis, Wyoming.
      607 Broadway St, Thermopolis, WY 82443
      View Details
    • $745,000
      0.23 Acres

      Historic Klink Building in Thermopolis

      Prime retail space in downtown Thermopolis with renovation potential.
      500 Broadway St, Thermopolis, WY 82443
      View Details
    • $745,000
      10,017 SF

      Thermopolis Commercial Building Opportunity

      10,000+ SF, prime Thermopolis location.
      601 Broadway St, Thermopolis, WY 82443
      View Details
    • $2,950,000
      27,387 SF

      Quality Inn: Thermopolis, WY

      Profitable Wyoming Hotel Investment
      166 Us-20, Thermopolis, WY 82443
      View Details
    • $59,500

      Thermopolis Mixed-Use Land Opportunity

      2-Acre Lot, Prime Hunting Location, $59,500
      3672 Grass Creek Rd, Thermopolis, WY 82443
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Mixed-use building, high NOI, strong tenant.
    Where is this individual retail property located?
    The property is located at 601 Broadway St Thermopolis, WY.
    What is the asking price?
    The asking price for this property is $745,000.
    What are key features of this property?
    This property features: High-traffic corner location with excellent visibility.; Strong rental income stream.; High-performing investment property.
    Request Owner's contact information
    601 Broadway St Thermopolis, WY 82443
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 Broadway St
    Thermopolis, WY 82443
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Broadway St Thermopolis, WY 82443
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.