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    12103 Lazy Ct E Cheyenne, WY 82009

    Sponsored
    For Sale
    Under Contract
    $885,000

    Rural Residential, RANCH - Cheyenne, WY

    Type:Farm
    Lot size:
    4.88 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 19 at 2:06 am

    Property Features for 12103 Lazy Ct E

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active Under Contract
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    Parking
    4
    Parking features
    Garage, RV
    Patio and Porch features
    Porch, Deck
    Interior features
    Eat In Kitchen, Great Room, Pantry, Main Floor Laundry, Vaulted Ceiling, Walk-in Closet, Main Floor Primary, Tankless Waterheater, Programmable Thermostat, High Effic. Hvac 95% +, High Effic.ac 14+seerrat, Ceiling Fan, Low E Windows
    Exterior features
    Covered Deck, Covered Porch
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Lot size
    4.88 Acres

    Taxes and HOA fees

    Expense value
    500
    Expense
    Home Owner Assessments Fee

    Utilities

    Utilities
    Water Available
    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Building materials
    Stone
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jamie Hunt

    #1 Properties (307) 634-2222 [email protected]

    Listing agent Jamie Hunt (307) 634-2222

    Listing date Jan 13, 2026

    MLS# 99431 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

    Overview

    New Cheyenne Home with 4-Car Garage

    This property features the Logan Plan, a newly built home with three bedrooms and two bathrooms, complemented by a finished four-car garage. The residence showcases attention to detail and thoughtful design. The open great room includes vaulted ceilings and a stone-accented gas log fireplace. The gourmet kitchen is equipped with a 48-inch gas range with double ovens, a vented hood, granite countertops, a spacious pantry, and custom cabinetry. The primary suite offers a five-piece bath with a freestanding tub and hidden shower shelves. The garden-level unfinished basement is framed for two additional bedrooms, two more bathrooms, and a large family room with natural light, offering potential for a vault space or wine cellar. Quality features include 50-year shingles, energy-efficient windows, 8-foot solid doors, and an insulated, drywalled four-car garage with Wi-Fi compatible openers. A covered front patio and an expansive back deck provide outdoor living space. The covered deck adds over 400 square feet of outdoor living area. Situated just north of Cheyenne, the property benefits from paved roads and high-speed fiber internet. The home is built by second-generation Wyoming builders and is expected to be available in Spring 2026. The property is located on 4.88 acres in Laramie County.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.861
    Latitude
    41.4091

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    FAQs

    What type of property is this?
    Farm - New three-bedroom home with a four-car garage on 4.88 acres.
    Where is this farm located?
    The property is located at 12103 Lazy Ct E Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: - Four-car finished garage with Wi-Fi compatible openers.; - Unfinished, framed garden-level basement with potential for two bedrooms, two bathrooms, a family room, and a vault/wine cellar.; - Gourmet kitchen featuring a 48” gas range, double ovens, vented hood, granite countertops, spacious pantry, and custom cabinetry.
    (307) 634-2222
    Request Owner's contact information
    12103 Lazy Ct E Cheyenne, WY 82009
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    Cheyenne, WY 82009
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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
    12103 Lazy Ct E Cheyenne, WY 82009
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    Listing Contact
    Jamie Hunt
    (307) 634-2222
    Learn more
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