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

    500 Broadway St Thermopolis, WY 82443

    • Office buildings
    • 17,458 SF
    • 0.23 lot acres
    For Sale
    View listing
    $745,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0108307
    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

    • Western Land Sales / Real Estate Agency

    Property Details for 500 Broadway St

    Year built
    1917
    Lot size
    0.23 lot acres
    Property size
    17,458 SF
    Property type
    Office buildings
    APN
    43953632601500
    APU
    43953632601500

    Description

    This exceptional commercial property, located at 500 Broadway Street in the vibrant town of Thermopolis, Wyoming, presents a unique investment opportunity. Boasting a substantial 17,458 square feet of space, this general commercial building sits on a conveniently sized 0.23-acre lot, offering ample room for various business ventures. The property's prime location on Broadway Street ensures high visibility and accessibility, making it an ideal choice for a wide range of commercial uses. The building's substantial size allows for flexible configurations, accommodating multiple tenants or a single large-scale operation. Its strategic location within Thermopolis provides easy access to local amenities, a strong customer base, and excellent transportation links. The asking price of $745,000 represents a compelling investment opportunity in a thriving Wyoming community. Serious inquiries are encouraged to explore the potential of this versatile commercial property and its significant growth prospects. The property's size and location make it suitable for a variety of businesses, from retail and office spaces to light industrial uses. Further due diligence is recommended to fully assess the property's suitability for specific business plans. This is a rare opportunity to acquire a significant commercial asset in a desirable Wyoming location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Thermopolis
    County
    Hot Springs
    State
    Wyoming
    Longitude
    -108.211
    Latitude
    43.6465

    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
    2022
    $3,798
    $6,026
    $46,374
    $52,400
    -
    $63,434
    $488,158
    $551,592

    Comparable in this City

    • Value Estimation by Request
      576 SF

      210 7th St

      OFFICE BUILDING • 576 SF
      210 7th St, Thermopolis, WY 82443-2612
      View Details
    • Value Estimation
      $625,000
      11,507 SF

      504 Fremont St

      OFFICE BUILDING • 11,507 SF
      504 Fremont St, Thermopolis, WY 82443-2913
      View Details
    • Value Estimation by Request
      1,844 SF

      200 6th St

      OFFICE BUILDING • 1,844 SF
      200 6th St, Thermopolis, WY 82443-2310
      View Details
    • Value Estimation by Request
      1,500 SF

      339 Arapahoe St

      OFFICE BUILDING • 1,500 SF
      339 Arapahoe St, Thermopolis, WY 82443-2705
      View Details
    • Value Estimation by Request
      800 SF

      403 Broadway St

      OFFICE BUILDING • 800 SF
      403 Broadway St, Thermopolis, WY 82443-2715
      View Details
    • Value Estimation by Request
      3,355 SF

      431 Broadway St

      OFFICE BUILDING • 3,355 SF
      431 Broadway St, Thermopolis, WY 82443-2715
      View Details

    Similar Nearby for Sale

    • $745,000
      10,017 SF

      601 Broadway: Prime Thermopolis Investment

      Mixed-use building, high NOI, strong tenant.
      601 Broadway St, Thermopolis, WY 82443
      View Details
    • $2,950,000
      27,387 SF

      Quality Inn: Thermopolis, WY

      Profitable Wyoming Hotel Investment
      166 Us Highway 20, Thermopolis, WY 82443
      View Details
    • $140,000
      4.17 Acres

      Wyoming Land with Panoramic Views

      4.17 acre residential lot in Red Rim Ranch community.
      422 Antelope Rdg, Thermopolis, WY 82443
      View Details
    • $75,000
      1.79 Acres

      Thermopolis Residential Land Opportunity

      1.79 acre residential lot in Red Rim Ranch subdivision.
      33 Red Rim Rnch, Thermopolis, WY 82443
      View Details
    • $120,000
      4.34 Acres

      Red Rim Residential Land

      4.34-acre residential building lot in Red Rim Subdivision.
      67 Red Rim Rnch, Thermopolis, WY 82443
      View Details
    • New
      $99,500
      3.55 Acres

      Thermopolis Residential Land with Canyon Views

      3.55 acres near Wind River Canyon, ideal for nature lovers.
      15 Rimrock Dr, Thermopolis, WY 82443
      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.
    500 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 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.