Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Summit Dr Rock Springs, WY 82901
    Property profile & analytics

    Summit Dr, Rock Springs, WY 82901

    View on Map
    • Land
    • 4.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Summit Dr

    Lot size
    4.00 lot acres
    Property type
    Land

    Description

    This exceptional 4-acre commercial land parcel presents a unique investment opportunity in Rock Springs, Wyoming. Located north of the city on Summit near Turret Drive, this property is zoned for commercial use, offering immediate development potential. The expansive lot size provides ample space for a variety of commercial ventures. The property's strategic location offers excellent visibility and accessibility. Most utilities are readily available at or near the property line, simplifying the development process and minimizing infrastructure costs. While currently zoned commercial, there's potential for a zoning change to further enhance development options. This presents a rare chance to acquire a significant piece of land in a growing area, poised for future expansion and increased property value. The asking price of $340,000 reflects the exceptional value and potential of this prime commercial real estate. Serious inquiries are encouraged to explore the possibilities this property offers. The address is 0 Summit, Rock Springs, WY 82901. This is a remarkable opportunity for investors seeking a strong return on investment in a thriving Wyoming community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rock Springs
    County
    Sweetwater
    State
    Wyoming
    Longitude
    -109.272
    Latitude
    41.6434

    Comparable in this City

    • Value Estimation by Request
      2.60 Acres

      Gtwy Blvd -

      Land • 2.60 Acres
      0 Gtwy Blvd -, Rock Springs, WY 82901
      View Details
    • Value Estimation by Request
      11.15 Acres

      Gtwy Blvd -

      Land • 11.15 Acres
      0 Gtwy Blvd -, Rock Springs, WY 82901
      View Details
    • Value Estimation by Request
      2.89 Acres

      Gateway Blvd

      Land • 125,888 SF
      0 Gateway Blvd, Rock Springs, WY 82901
      View Details
    • Value Estimation by Request
      36.51 Acres

      1525 Cumberland Dr

      Land • 36.51 Acres
      1525 Cumberland Dr, Rock Springs, WY 82901
      View Details
    • Value Estimation by Request
      2.44 Acres

      2300 Cascade Dr

      Land • 2.44 Acres
      2300 Cascade Dr, Rock Springs, WY 82901
      View Details
    • Value Estimation by Request
      2.65 Acres

      Gtwy Blvd -

      Land • 115,434 SF
      0 Gtwy Blvd -, Rock Springs, WY 82901
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land in Rock Springs Growth

      Land with easy access to utilities and residential areas.
      Foothill R5, Rock Springs, WY 82901
      View Details
    • Contact for pricing

      320 Acres South of Rock

      320 acres of land with views and wildlife habitat.
      South Belt Loop, Reliance, WY 82901
      View Details
    • $425,250
      2.43 Acres

      Gateway Blvd

      Land • 105,851 SF
      0 Gateway Blvd, Rock Springs, WY 82901
      View Details
    • $1,850,000
      10.05 Acres

      Rock Springs Commercial Land Available

      10.05 acre commercial land near I-80 and Walmart.
      E Gateway Blvd, Rock Springs, WY 82901
      View Details
    • Contact for pricing

      Prime Location Lots in Wyoming

      Commercial lots with I-80 frontage in Rock Springs, WY.
      Gtwy Blvd -, Rock Springs, WY 82901
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr

      151 Industrial Dr, Rock Springs, WY 82901

      Truck stops
      151 Industrial Dr, Rock Springs, WY 82901
      View Details
    • Contact for pricing

      Industrial Building with Fenced Lot

      3730 SF industrial building with shop, offices, and storage.
      266 Production Dr, Rock Springs, WY 82901
      View Details
    • Contact for pricing

      Retail Spaces in Active Corridor

      Retail spaces available in high-traffic Rock Springs location.
      2400 Foothill Blvd, Rock Springs, WY 82901
      View Details
    • Contact for pricing

      Retail Space in Rock Springs

      Retail spaces for lease with excellent visibility and frontage.
      1313 Dewar Dr, Rock Springs, WY 82901
      View Details
    • Contact for pricing

      Retail Space in White Mountain

      Retail spaces available at White Mountain Shopping Center.
      2421 Foothill Blvd, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      4,607 SF

      Renovated Retail Space For Rent

      Newly renovated storefronts with excellent visibility in central location.
      1313 Dewar Dr, Rock Springs, WY 82901
      View Details
    Request Owner's contact information
    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.
    Summit Dr
    Rock Springs, WY 82901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Summit Dr, Rock Springs, WY, 82901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!