Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1208 Hilltop Dr Rock Springs, WY 82901-5857

    • Medical offices
    • 22,996 SF
    • 4.22 lot acres
    OFF-MARKET
    Value Estimations
    $1,545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0208767
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Children's Dental Center of Rock Springs / Dental Office
    • David K. Okano, D.D.S., M.S. / Dental Office
    • Rock Springs Endodontics: Joshua L Smith DDS MMSc / Dental Office
    • Rock Springs Endodontics: Lee Craig V DDS / Dental Office
    • Wyoming Athletic Massage / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 1208 Hilltop Dr

    Year built
    1980
    Lot size
    4.22 lot acres
    Property size
    22,996 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1905-35-2-08-011-00
    APU
    19053520801100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,930,000
      Current use
      RETAIL STORES
      $2,485,000
      Change: +29% Conversion: Difficult
      RESTAURANT
      $2,145,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,145,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rock Springs
    County
    Sweetwater
    State
    Wyoming
    Longitude
    -109.233
    Latitude
    41.5847
    CBSA code
    40540
    CBSA name
    ROCK SPRINGS, WY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,500
    $91,621
    $384,844
    $476,465
    -
    $964,431
    $4,050,994
    $5,015,425

    Comparable in this City

    • Value Estimation by Request
      6,440 SF

      2631 Foothill Blvd

      MEDICAL BUILDING • 6,440 SF
      2631 Foothill Blvd, Rock Springs, WY 82901-4771
      View Details
    • Value Estimation by Request
      4,235 SF

      501 Ctr St

      MEDICAL BUILDING • 4,235 SF
      501 Ctr St, Rock Springs, WY 82901-5105
      View Details
    • Value Estimation
      $600,000
      9,672 SF

      2761 Commercial Way

      MEDICAL BUILDING • 9,672 SF
      2761 Commercial Way, Rock Springs, WY 82901-4753
      View Details
    • Value Estimation by Request
      6,870 SF

      2751 Commercial Way

      MEDICAL BUILDING • 6,870 SF
      2751 Commercial Way, Rock Springs, WY 82901-4753
      View Details
    • Value Estimation by Request
      4,405 SF

      706 Elk St

      MEDICAL BUILDING • 4,405 SF
      706 Elk St, Rock Springs, WY 82901-5247
      View Details
    • Value Estimation by Request
      2,335 SF

      714 Dewar Dr

      MEDICAL BUILDING • 2,335 SF
      714 Dewar Dr, Rock Springs, WY 82901-5911
      View Details

    Similar Nearby for Sale

    • $4,250,000
      19,840 SF

      Rock Springs Medical Office Building

      Modern medical office, prime location.
      120 Winston Dr, Rock Springs, WY 82901
      View Details
    • $750,000
      5,000 SF

      Prime Rock Springs Office Complex

      Two-building executive office, high visibility
      204 Center St, Rock Springs, WY 82901
      View Details
    • $350,000
      0.16 Acres

      Versatile Commercial Building in Rock Springs

      Established commercial property ideal for various professional uses.
      725 N Front St, Rock Springs, WY 82901
      View Details
    • $925,000
      17.20 Acres

      Rock Springs Industrial Land - 17 Acres

      Prime Wyoming Industrial Site, Rail Potential
      1680 Blair Ave, Rock Springs, WY 82901
      View Details
    • $1,951,250
      11.15 Acres

      Rock Springs Commercial Land Parcel

      11.15 Acres, I-80 Visibility, B-2 Zoning
      0 Gtwy Blvd -, Rock Springs, WY 82901
      View Details
    • $995,000
      22.09 Acres

      Prime Rock Springs Industrial Land

      22 Acres, Heavy Industrial Zoning, Ready to Build
      0 Blairtown Rd, Rock Springs, WY 82901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,500 SF

      Rock Springs Industrial Property

      12,500 SF Warehouse/Office Space
      1130 Rockies Cir, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      3,000 SF

      Prime Industrial Warehouse Space

      3,000 SF Warehouse - I-2 Zoning
      266 Production Dr, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      3,986 SF

      Gateway Retail Center: Prime Location

      High-Visibility Retail Building, 3,986 SF
      85 Gateway Blvd, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      336,870 SF

      White Mountain Shopping Center Investment

      Prime Retail Space, Rock Springs, Wyoming
      2421 Foothill Blvd, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      226,639 SF

      Rock Springs Industrial Campus

      226,639 SF Manufacturing/Flex Space
      1801 Blairtown Rd, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      19,839 SF

      Rock Springs Plaza Retail Spaces

      Prime Retail Space, High Traffic Area, Newly Renovated.
      1405 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.
    1208 Hilltop Dr
    Rock Springs, WY 82901-5857
    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

    Google sign-in failed. Please try again or use another login method.