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    For Sale (57)

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    Cheyenne Duplex with Income Potential
    $330,000
    0.15 Acres

    Cheyenne Duplex with Income Potential

    Duplex in Cheyenne, WY with leases in place through 2027.

    208 Russell Ave, Cheyenne, WY 82007
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    Cheyenne Rural Home with Updates
    $510,000
    2.59 Acres

    Cheyenne Rural Home with Updates

    Well-maintained 3-bedroom home on 2.59 acres in Bison Crossing.

    205 Dayshia Ln, Cheyenne, WY 82007
    View details
    New Ranch Home on Acreage
    $824,900
    6.53 Acres

    New Ranch Home on Acreage

    Sprawling ranch home on 6.53 acres, room for horses.

    3639 Sky Train Ct, Cheyenne, WY 82009
    View details
    Commercial Lot in Cheyenne, WY
    $480,000
    1.32 Acres

    Commercial Lot in Cheyenne, WY

    1.32 acre vacant commercial lot in downtown Cheyenne.

    1510 Seymour Ave, Cheyenne, WY 82001
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    Residential Lots in Cheyenne, WY
    $58,000
    0.18 Acres

    Residential Lots in Cheyenne, WY

    Vacant residential lots available for new construction in Cheyenne.

    36 Panorama Dr, Cheyenne, WY 82009
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    Residential Lots in Cheyenne, WY
    $58,000
    0.14 Acres

    Residential Lots in Cheyenne, WY

    Vacant residential lots available in Cheyenne, Wyoming.

    38 Panorama Dr, Cheyenne, WY 82009
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    Residential Lots in Cheyenne, WY
    $58,000
    0.14 Acres

    Residential Lots in Cheyenne, WY

    Vacant lots for building a new home or real estate investment.

    35 Panorama Dr, Cheyenne, WY 82009
    View details
    Cheyenne Triplex with Income Potential
    $387,000
    0.13 Acres

    Cheyenne Triplex with Income Potential

    Spacious triplex in Cheyenne with investment and rental opportunities.

    1008 E 23Rd St, Cheyenne, WY 82001
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    Downtown Commercial Lot in Cheyenne
    $480,000
    1.47 Acres

    Downtown Commercial Lot in Cheyenne

    Vacant 1.47-acre commercial lot in downtown Cheyenne.

    714 E 15Th St, Cheyenne, WY 82001
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    Prime Commercial Land on Yellowstone
    $3,200,000
    5.00 Acres

    Prime Commercial Land on Yellowstone

    Five-acre commercial parcel in Cheyenne with high visibility.

    6810 Yellowstone Rd, Cheyenne, WY 82001
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    Prime Cheyenne Commercial Property
    $1,625,000
    3,551 SF

    Prime Cheyenne Commercial Property

    Highly visible commercial property with long-term tenant in place.

    1716 Warren Ave, Cheyenne, WY 82001
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    Former Restaurant with High Visibility
    $775,000
    4,276 SF

    Former Restaurant with High Visibility

    Former fast food restaurant with ample parking on 0.8 acres.

    92 16Th St, Wheatland, WY 82201
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    Residential Lots in Cheyenne, WY
    $100,000
    0.19 Acres

    Residential Lots in Cheyenne, WY

    Vacant lots for building a new home or investment.

    44 Panorama Dr, Cheyenne, WY 82009
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    Residential Lot in Lone Star Estates
    $189,000
    5.90 Acres

    Residential Lot in Lone Star Estates

    5.9 acre residential lot, build your dream home.

    5 Mccrae Rd, Cheyenne, WY 82009
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    Wyoming Ranch with Auxiliary Dwelling
    $995,000
    4.64 Acres

    Wyoming Ranch with Auxiliary Dwelling

    4.64-acre Wyoming property with main home and auxiliary dwelling.

    7677 Keystone Dr, Cheyenne, WY 82009
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    Residential Land in Cheyenne, Wyoming
    $95,000
    5.49 Acres

    Residential Land in Cheyenne, Wyoming

    Corner lot near Curt Gowdy State Park, build your dream home.

    243 Boundary Rd, Cheyenne, WY 82009
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    Sprawling Ranch Home on 5 Acres
    $875,000
    3,000 SF

    Sprawling Ranch Home on 5 Acres

    Brick ranch on 5 acres near Cheyenne, Wyoming.

    8520 Pharmond Trl, Cheyenne, WY 82009
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    Luxury Ranch with Insulated Shop
    $999,000
    4.67 Acres

    Luxury Ranch with Insulated Shop

    Stunning 4.6-acre Cheyenne property with high-end finishes and versatile shop.

    6609 Etta Pl, Cheyenne, WY 82009
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    Hillsdale Ranch on 35 Acres
    $589,900
    35.00 Acres

    Hillsdale Ranch on 35 Acres

    Spacious ranch home on 35 acres in Hillsdale, Wyoming.

    3970 Sunflower Rnch Rd, Hillsdale, WY 82060
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    Residential Land in Cheyenne, Wyoming
    $100,000
    7.07 Acres

    Residential Land in Cheyenne, Wyoming

    7+ acre lot for residential development in Whispering Hills.

    Tbd Pennsylvania Rd, Cheyenne, WY 82009
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    Cheyenne Ranch with Detached Shop
    $469,000
    1.80 Acres

    Cheyenne Ranch with Detached Shop

    1.8-acre Cheyenne property featuring a move-in-ready home and detached shop.

    3305 Mckinley Ave, Cheyenne, WY 82001
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    Cheyenne Ranch Property with Airpark
    $697,000
    6.30 Acres

    Cheyenne Ranch Property with Airpark

    6.3-acre ranch property in Meadowlark Airpark subdivision, Cheyenne, WY.

    3636 Sky Train Dr, Cheyenne, WY 82009
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    Residential Land in Diamond B Ranch
    $140,000
    40.36 Acres

    Residential Land in Diamond B Ranch

    40+ acre residential lot with views near Cheyenne.

    42 Brooks Blvd, Cheyenne, WY 82009
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    Cheyenne Ranch Home with Acreage
    $450,000
    0.49 Acres

    Cheyenne Ranch Home with Acreage

    Spacious ranch home on a generous lot with outdoor space.

    1109 Beverly Blvd, Cheyenne, WY 82007
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    Commercial Property on Lincolnway, Cheyenne
    $325,000
    3,989 SF

    Commercial Property on Lincolnway, Cheyenne

    Commercial property with high visibility in Cheyenne, Wyoming for sale.

    2107 E Lincolnway, Cheyenne, WY 82001
    View details
    Flexible Property Near Skyview Airpark
    $940,000
    1.37 Acres

    Flexible Property Near Skyview Airpark

    Multifunctional property with apartments, shop, and hangar near airstrip.

    3666 Aviator Ct, Cheyenne, WY 82009
    View details
    Cheyenne Home with RV Garage
    $1,269,000
    5.91 Acres

    Cheyenne Home with RV Garage

    Spacious home on 6 acres with RV garage.

    2593 Mccrae Rd, Cheyenne, WY 82009
    View details
    232 Acres Near Pine Bluffs
    $355,000
    232.00 Acres

    232 Acres Near Pine Bluffs

    232-acre property with CRP lease and carbon credit program.

    Tbd Rd 164, Pine Bluffs, WY 82082
    View details
    232-Acre Wyoming Farm/Ranch Land
    $355,000
    232.00 Acres

    232-Acre Wyoming Farm/Ranch Land

    232 acres near Pine Bluffs, WY with income potential.

    Tbd Rd 164, Pine Bluffs, WY 82082
    View details
    Cheyenne Farmhouse with Modern Amenities
    $829,000
    8.38 Acres

    Cheyenne Farmhouse with Modern Amenities

    Custom-built farmhouse featuring modern luxury and rural tranquility on 8.38 acres.

    1650 NORTH Ridge Dr, Cheyenne, WY 82009
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    Cheyenne Ranch Home on Acreage
    $638,500
    3.46 Acres

    Cheyenne Ranch Home on Acreage

    Updated ranch home on 3.46 acres near downtown Cheyenne.

    6812 Line Ct, Cheyenne, WY 82007
    View details
    Land Parcel Near Cheyenne
    $175,000
    39.49 Acres

    Land Parcel Near Cheyenne

    39.49 acre fenced land parcel east of Cheyenne, Wyoming.

    Tbd Buggy Rd, Carpenter, WY 82054
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    New Ranch Home on Acreage
    $749,900
    5.25 Acres

    New Ranch Home on Acreage

    New construction ranch home on 5.25 acres near Cheyenne.

    1470 Earhart Dr, Cheyenne, WY 82009
    View details
    Residential Lot in Lone Star Estates
    $189,000
    5.81 Acres

    Residential Lot in Lone Star Estates

    Unimproved 5.81-acre residential lot in Cheyenne, Wyoming.

    6 Mccrae Rd, Cheyenne, WY 82009
    View details
    Flexible Property in Skyview Airpark
    $940,000
    7,000 SF

    Flexible Property in Skyview Airpark

    Multifunctional property with apartments, shop, and hangar space on airstrip.

    3666 Aviator Ct, Cheyenne, WY 82009
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    Cheyenne Triplex: Investment Opportunity
    $449,000
    0.11 Acres

    Cheyenne Triplex: Investment Opportunity

    Two-story triplex in Cheyenne, WY, offering investment potential.

    1841 Crook Ave, Cheyenne, WY 82001
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    Residential Land with Paved Access
    $120,000
    8.20 Acres

    Residential Land with Paved Access

    8.2 acre residential lot in Rocking Star Ranch.

    Tbd Scenic Rdg Dr, Cheyenne, WY 82009
    View details
    Residential Lots in Cheyenne, WY
    $58,000
    0.16 Acres

    Residential Lots in Cheyenne, WY

    Vacant lots for building a new home or investment.

    34 Panorama Dr, Cheyenne, WY 82009
    View details
    Residential Lots in Cheyenne, Wyoming
    $58,000
    0.14 Acres

    Residential Lots in Cheyenne, Wyoming

    Vacant lots for building a new home or investment.

    39 Panorama Dr, Cheyenne, WY 82009
    View details
    Residential Lots in Cheyenne, WY
    $58,000
    0.16 Acres

    Residential Lots in Cheyenne, WY

    Vacant lots for building a new home or real estate investment.

    40 Panorama Dr, Cheyenne, WY 82009
    View details
    Cheyenne Ranch with Outbuilding/Shop
    $799,000
    2.83 Acres

    Cheyenne Ranch with Outbuilding/Shop

    Spacious Cheyenne home on 2.83 acres with shop.

    1697 Ruger Dr, Cheyenne, WY 82007
    View details
    Recreation Land Parcel
    $160,000
    35.50 Acres

    Recreation Land Parcel

    Expansive unimproved acreage near Glendo Reservoir, offering privacy and outdoor-focused recreational potential.

    GO-19 Glendo Overlook, Glendo, WY 82213
    View details
    New Ranch-Style Home on Acreage
    $849,900
    8.00 Acres

    New Ranch-Style Home on Acreage

    Sprawling ranch on large lot backing to undeveloped state land.

    1409 Wineglass Rd, Cheyenne, WY 82009
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    Residential Lots in Cheyenne's Chukker Ridge
    $125,000
    0.29 Acres

    Residential Lots in Cheyenne's Chukker Ridge

    Spacious residential building lots near upcoming Cheyenne Southeast Community Park.

    2 E 13Th St, Cheyenne, WY 82001
    View details
    Wyoming Land with Panoramic Views
    $38,000
    35.96 Acres

    Wyoming Land with Panoramic Views

    35.96 acres of open space with beautiful vistas.

    Tbd Desert Wine Ct, Medicine Bow, WY 82329
    View details
    New Ranch Home on Acreage
    $649,900
    5.78 Acres

    New Ranch Home on Acreage

    New construction ranch home on 5.78 acres near Cheyenne.

    3684 Sky Train Dr, Cheyenne, WY 82009
    View details
    Cheyenne Ranch with RV Outbuilding
    $835,000
    4.79 Acres

    Cheyenne Ranch with RV Outbuilding

    5-acre Cheyenne ranch featuring a finished home and RV outbuilding.

    7203 Crested Butte Dr, Cheyenne, WY 82009
    View details
    Spacious Ranch Home on Acreage
    $779,000
    5,280 SF

    Spacious Ranch Home on Acreage

    9-bedroom home on almost 10 acres north of town.

    1885 Studebaker Rd, Cheyenne, WY 82009
    View details
    Cheyenne Ranch on 3.53 Acres
    $729,999
    3.53 Acres

    Cheyenne Ranch on 3.53 Acres

    Charming rural retreat with open layout and modern amenities.

    3481 Stampede Ranch Rd, Cheyenne, WY 82007
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    Renovated Duplex with Garage Access
    $524,900
    0.17 Acres

    Renovated Duplex with Garage Access

    Turn-key duplex in Cheyenne, WY, with garage and alley access.

    515 E 26Th St, Cheyenne, WY 82001
    View details
    Well-Maintained Cheyenne 4-Plex
    $749,900

    Well-Maintained Cheyenne 4-Plex

    Fantastic 4-plex in great location, well-maintained, three-bedroom units.

    1231 Taft Ave, Cheyenne, WY 82001
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    Cheyenne 4-Plex with Garages
    $799,900
    0.20 Acres

    Cheyenne 4-Plex with Garages

    Well-maintained 4-plex in Cheyenne with garages and modern amenities.

    3216-3222 Randy Rd, Cheyenne, WY 82001
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    Cheyenne 4-Plex Well-Maintained Building
    $749,900

    Cheyenne 4-Plex Well-Maintained Building

    Well-maintained 4-plex in Cheyenne with 2-bedroom units.

    1217 Taft Ave, Cheyenne, WY 82001
    View details
    Cheyenne Ranch Home on 5 Acres
    $715,000
    5.00 Acres

    Cheyenne Ranch Home on 5 Acres

    Custom-built home on 5 acres near FE Warren Air Force Base.

    8632 Foxhaven Ln, Cheyenne, WY 82009
    View details
    Cheyenne Commercial Property Investment
    $1,100,000
    0.27 Acres

    Cheyenne Commercial Property Investment

    Prime 0.27-acre commercial lot. High-growth potential.

    1620 Thomes Ave, Cheyenne, WY 82001
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    Prime Cheyenne Commercial Lot
    Contact for pricing
    0.09 Acres

    Prime Cheyenne Commercial Lot

    0.09-acre lot, ideal for lease. High-traffic location.

    211 19Th St, Cheyenne, WY 82001
    View details
    Flexible Property on Skyview Airpark
    Contact for pricing
    7,000 SF

    Flexible Property on Skyview Airpark

    Built in 2023, suitable for office, warehouse, or residential.

    3666 Aviator Ct, Cheyenne, WY 82009
    View details

    For Lease (1)

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    Cheyenne Office or Retail Space
    Contact for pricing
    950 SF

    Cheyenne Office or Retail Space

    Office or retail space available for lease in Cheyenne.

    2220 Dell Range Blvd, Cheyenne, WY 82009
    View details

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    RE/MAX Capitol Properties
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    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
    RE/MAX Capitol Properties
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