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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Retail space
402 Douglas Hwy Gillette, WY 82716-4029
Entity Owned
20-yr Hold
Free & Clear
Property ID
US95-0076650
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Total area
17,872 SF
Lot
1.43 ac (62,505 SF)
APN
R0001347
UPID
US95-0076650
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bill's Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.85M
Owner & transaction history
D 2 Enterprises LLC · 20 yrs held
D 2 Enterprises LLC
since 2006
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+37.2%
Commercial (general)
$2.3M
+33.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gillette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gillette submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,091
Tax year 2024
Assessed value
$186,166
Assessed 2024
Previous assessed
$186,166
+0.0% YoY
Effective rate
7.03%
On assessed value
Assessed land
$37,359
Assessed improvement
$148,807
Land market value
$393,254
Improvement market value
$1,566,388
Total market value
$1,959,642
Applied tax rate
150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Total area
17,872 SF
Lot
1.43 ac (62,505 SF)
APN
R0001347
UPID
US95-0076650
Jurisdiction
CAMPBELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
D 2 Enterprises LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 1149, GILLETTE, WY 82717-1149
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2006
—
D 2 Enterprises LLC
Gary L Decker
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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