Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    1069 WEST Plains Rd Cheyenne, WY 82009

    Sponsored
    For Sale
    Under Contract
    $600,000

    Rural Residential, RANCH - Cheyenne, WY

    Type:Farm
    Property size:
    7,000 SF
    Lot size:
    4.68 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 24 at 4:06 am

    Property Features for 1069 WEST Plains Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active Under Contract
    Vegetation
    Grassed
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    Parking
    10
    Parking features
    Garage, RV, Tandem
    Patio and Porch features
    Patio
    Interior features
    Den/Study/Office, Eat In Kitchen, Main Floor Laundry, Walk-in Closet, Main Floor Primary, Sun Room, Programmable Thermostat, Ceiling Fan, Storm Doors
    Exterior features
    Dog Run, Back Fenced, Patio, Work Shop, Covered Patio, Outbuilding, Enclosed Sunroom-heat, Native Grasses And Plants
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    7,000 SF
    Lot size
    4.68 Acres

    Taxes and HOA fees

    Expense value
    66
    Expense
    Home Owner Assessments Fee

    Utilities

    Heating system
    Fireplace(s), Forced Air

    Building Details

    Year built
    2000
    Building materials
    Log
    Architectural style
    Ranch
    Additional Structures
    Kennel/Dog Run, Outbuilding

    We can help!

    Listing Contact
    Davin Abbott

    eXp Realty LLC (630) 927-8269

    Listing agent Davin Abbott (866) 873-0565

    Listing date Feb 13, 2026

    MLS# 99363 Listing URL

    Copyright © 2026 Cheyenne Board 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

    Cheyenne Ranch with Shop Space

    This property, situated just under 5 acres, includes a house and over 7000 square feet of finished and heated shop space, complete with a paint room and air compressor tools room. The house features a spacious living room with a river rock fireplace, a galley kitchen, and three large bedrooms with the possibility of a fourth bedroom. The primary suite includes a walk-in closet. Additionally, there is a detached garage with a workshop space heated by a wood stove. The property is move-in ready. A new roof is planned for July 2025, and new exterior paint is scheduled for August 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -105.0839852
    Latitude
    41.2555948

    Nearby Similar for Sale

    • $1,345,000
      4.89 Acres

      Custom Ranch with Horse Barn

      Newer ranch-style home on 4.89 acres with horse facilities.
      1688 Espen Trl, Cheyenne, WY 82009
      View Details
    • $799,900
      1,962 SF

      Cheyenne Ranch with Custom Features

      Custom-built ranch home on 5.14 acres with many unique features.
      3401 Hales Ranch Rd, Cheyenne, WY 82007
      View Details
    • $789,000
      8.85 Acres

      Cheyenne Ranch with Heated Shop

      Spacious ranch home with large shop and outbuildings.
      273 H Bar E Dr, Cheyenne, WY 82007
      View Details
    • $956,921
      4.96 Acres

      Luxury Home with Four-Car Garage

      Refined living in Cheyenne, featuring a chef’s kitchen and bonus room.
      Tbd 3 Dots Trl, Cheyenne, WY 82009
      View Details
    • $750,000
      5.88 Acres

      New Ranch-Style Home on Acreage

      New ranch home on 5.88 acres with mountain views.
      11008 Telephone Rd, Cheyenne, WY 82009
      View Details
    • $1,299,000
      5.91 Acres

      Cheyenne Ranch with RV Garage

      New construction home on 6 acres with RV garage.
      2593 Mccrae Rd, Cheyenne, WY 82009
      View Details
    • $767,500
      4.41 Acres

      Cheyenne Ranch Style Home

      Three-year-old ranch home with upgrades, landscaping, and a finished garage.
      6424 Blue Roan Rd, Cheyenne, WY 82007
      View Details
    • $765,000
      4.99 Acres

      Cheyenne Ranch Home on Acreage

      Stunning 2021-built home on 4.99 acres in Yellowstone Estates.
      2395 Old Faithful Way, Cheyenne, WY 82009
      View Details
    • New
      $939,900
      4.54 Acres

      Cheyenne Ranch with Finished Basement

      Quality home with finished basement, spacious garage, and durable construction.
      2309 Silver Gate Way, Cheyenne, WY 82009
      View Details
    • $569,900
      3,170 SF

      Wyoming Home on Peaceful Acres

      Spacious 5-bed, 3-bath home on 6.62 acres near town.
      10531 Choke Cherry Rd, Cheyenne, WY 82009
      View Details
    • New
      $589,900
      5.64 Acres

      Cheyenne Rural Home in Cardinal

      Impeccable rural home with serene country vibes and modern ease.
      17415 Anna Loop Dr, Cheyenne, WY 82009
      View Details
    • $4,100,000
      12,746 SF

      Class-A Office Building, Cheyenne

      Updated, fully leased commercial office building in downtown Cheyenne.
      222 E 18Th St, Cheyenne, WY 82001
      View Details

    FAQs

    What type of property is this?
    Farm - Move-in ready ranch featuring extensive shop space on nearly 5 acres.
    Where is this farm located?
    The property is located at 1069 WEST Plains Rd Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Over 7000 sq ft of finished and heated shop space with paint room and air compressor tools room.; - Just under 5 acres of land.; - Detached garage with workshop space and wood stove.
    (307) 329-7205
    Request Owner's contact information
    1069 WEST Plains Rd Cheyenne, WY 82009
    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.
    1069 WEST Plains Rd
    Cheyenne, WY 82009
    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
    1069 WEST Plains Rd Cheyenne, WY 82009
    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

    We can help!
    Listing Contact
    Davin Abbott
    Real Estate License ID: RE-14094
    (307) 329-7205 (866) 873-0565
    Learn more
    Google sign-in failed. Please try again or use another login method.