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    000 Tunnel Hill Rd Riverton, WY 82501

    View on Map
    Sponsored
    For Sale
    $1,070,000

    Working - Riverton, WY

    Type:Farm
    Lot size:
    228.15 Acres
    Days on Market:
    45
    Last Refresh:
    Mar 19 at 10:06 pm

    Property Features for 000 Tunnel Hill Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Exterior features
    Easy Access, Stream Frontage, View, Barbed Wire, Perimeter
    Fencing
    Barbed Wire, Perimeter
    Lot size
    228.15 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Skye Coleman-Weisz
    Skye Coleman-Weisz

    RE/MAX All Star, REALTORS 225 307-856-7827

    Listing agent Skye Coleman-Weisz (307) 856-7827 License #10507

    Listing date Feb 2, 2026

    MLS# 20256087 Listing URL

    Copyright © 2026 Fremont County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Productive Irrigated Farm Ready

    This well-maintained and highly productive 228.15-acre farm is planted in oats and ready to generate years of income. Most of the soils are Five Mile Silty Clay Loam with gentle 0–6% slopes, ideal for producing a variety of crops. The farm has a history of alfalfa production and has been planted in sorghum and oats over the past two years. Water is supplied through Midvale Irrigation at approximately $4,200 per year, and all gated pipe and irrigation equipment are included in the sale. A year-round water drain runs through the center of the property, providing reliable winter livestock water. The location offers views of the Big Horn Mountains and the Wind River range. This contiguous parcel qualifies for landowner permits and is a haven for pheasants and waterfowl, making it an excellent choice for both farming and recreation. As of 2/1/2026, the seller has installed new underground gated pipe from the head gate along all of the field to the north of the live water. The seller has also drilled a 200' well at the property, and power is being installed soon for a potable water well.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Real Estate Agency Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverton
    County
    Fremont
    State
    Wyoming
    Longitude
    -108.5581642
    Latitude
    43.2186802

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    FAQs

    What type of property is this?
    Farm - Well-maintained, highly productive 228.15-acre farm with irrigation and water drain.
    Where is this farm located?
    The property is located at 000 Tunnel Hill Rd Riverton, WY.
    What is the asking price?
    The asking price for this property is $1,070,000.
    What are key features of this property?
    This property features: - Highly productive, irrigated farm with sought-after Five Mile Silty Clay Loam soil, ideal for various crops.; - Includes all gated pipe and irrigation equipment, with water supplied through Midvale Irrigation.; - New underground gated pipe installed along the north field and a 200' well drilled with power being installed for potable water.
    (307) 851-0021
    Request Owner's contact information
    000 Tunnel Hill Rd Riverton, WY 82501
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    Riverton, WY 82501
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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
    000 Tunnel Hill Rd Riverton, WY 82501
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    We can help!
    Listing Contact
    Skye Coleman-Weisz
    Skye Coleman-Weisz
    Real Estate License ID: 10507
    (307) 851-0021 (307) 856-7827
    Learn more
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