Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    402 Douglas Hwy Gillette, WY 82716-4029

    • Retail space
    • 17,872 SF
    • 1.43 lot acres
    OFF-MARKET
    Value Estimations
    $1,845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0076650
    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

    • Bill's Barber Shop / Barber Shop

    Property Details for 402 Douglas Hwy

    Year built
    1961
    Lot size
    1.43 lot acres
    Property size
    17,872 SF
    Property type
    Retail space
    APN
    R0001347
    APU
    R0001347

    Description

    Deckers Plaza, located at 402 S Douglas Hwy, Gillette, Wyoming 82716, presents a compelling investment opportunity. This single-story, 30,602 square foot shopping center, built in 1961, sits on a 1.43-acre lot and boasts 300 feet of prime Highway 59 frontage, ensuring exceptional visibility and accessibility. The property is currently 100% occupied by five long-term tenants, providing a stable and consistent income stream. The modified lease structure offers a secure passive investment with a diverse mix of retail and office tenants. The center's strategic location in a high-traffic area guarantees a steady flow of customers. Ample parking is available for patrons. This established shopping center offers a proven track record of successful tenancies, making it an attractive acquisition for investors seeking a stable, high-visibility retail property in a thriving Wyoming market. The property consists of one building with five individual units. The asking price for this exceptional retail investment is $2,250,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,848,000
      Market price range: $950k - $2.30M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,705,000
      Current use
      OFFICE BUILDING
      $2,340,000
      Change: +37% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,280,000
      Change: +34% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,670,000
      Change: -2% Conversion: Difficult
      RESTAURANT
      $1,615,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Gillette
    County
    Campbell
    State
    Wyoming
    Longitude
    -105.495
    Latitude
    44.2908
    CBSA code
    23940
    CBSA name
    GILLETTE, 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
    2024
    $13,091
    $37,359
    $148,807
    $186,166
    -
    $393,254
    $1,566,388
    $1,959,642

    Comparable in this City

    • Value Estimation by Request
      657 SF

      439 Prairieview Dr Ste F

      RETAIL STORES (PERSONAL SERVICES) • 657 SF
      439 Prairieview Dr Ste F, Gillette, WY 82716-4959
      View Details
    • Value Estimation by Request
      4,020 SF

      116 Gillette Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,020 SF
      116 Gillette Ave, Gillette, WY 82716-3702
      View Details
    • Value Estimation
      $625,000
      5,800 SF

      200 Gillette Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,800 SF
      200 Gillette Ave, Gillette, WY 82716-3704
      View Details
    • Value Estimation by Request
      1,369 SF

      200 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 1,369 SF
      200 2nd St, Gillette, WY 82716-3809
      View Details
    • Value Estimation by Request
      1,890 SF

      605 7th St

      RETAIL STORES (PERSONAL SERVICES) • 1,890 SF
      605 7th St, Gillette, WY 82716-4403
      View Details
    • Value Estimation by Request
      3,450 SF

      108 Burma Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,450 SF
      108 Burma Ave, Gillette, WY 82716-3411
      View Details

    Similar Nearby for Sale

    • $600,000
      3,000 SF

      Commercial Space in RC Ranch

      Modern commercial space in a high-traffic Gillette location.
      560 Running Dr, Gillette, WY 82716
      View Details
    • $1,650,000
      9,432 SF

      Established Automotive Business Opportunity

      Turnkey automotive transmission shop with 48 years of operation.
      1810 Gold Dr, Gillette, WY 82716
      View Details
    • $399,000
      3,050 SF

      Gillette Commercial Property on Highway

      High-visibility commercial property on a large corner lot.
      805 S Douglas Hwy, Gillette, WY 82716
      View Details
    • $129,999
      1.30 Acres

      Gillette, WY Land Opportunity

      Large R4 lots with mountain views and city utilities.
      4502 Westover Rd, Gillette, WY 82716
      View Details
    • $95,000
      7.01 Acres

      Gillette, WY Land Available

      Land near town with power access, well and septic needed.
      Hazelton Peak Rd. NW, Gillette, WY 82716
      View Details
    • $580,000
      4,420 SF

      Gillette Commercial Property with Daycare

      Well-maintained commercial property in Gillette, currently operating as a daycare.
      640 12Th St W, Gillette, WY 82716
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Gillette Shop with Crane

      Clean shop with crane, office space, and parking.
      201 N Gurley Ave, Gillette, WY 82716
      View Details
    • $26 SF/Yr
      9,424 SF

      Prime Medical Office Suite Available

      900 SF Medical Office Space for Lease
      620 Four-J Ct, Gillette, WY 82716
      View Details
    • Contact for pricing
      3,600 SF

      Turnkey Shop in Gillette, WY

      3,600 SF heated shop with kitchen and XL bay doors.
      912 N Gurley Ave, Gillette, WY 82716
      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.
    402 Douglas Hwy
    Gillette, WY 82716-4029
    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.
    Sign Up Successful!
    You now have access to more from Realmo!