Add Listing
    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

    150 Wyoming Lander, WY 82520

    View on Map
    Claim this Listing
    For Sale
    $2,400,000

    Commercial Building - Lander, WY

    Property size:
    34,903 SF
    Lot size:
    4.07 Acres
    Added:
    Jan 15, 2026
    Days on Market:
    85
    Last Refresh:
    Apr 10 at 8:06 am

    Property Features for 150 Wyoming

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    LANDER-R-MED
    Interior features
    Fire Detectors, Fire Sprinklers, Freight Elevator, Restrooms, Kitchen Area, Living Area
    Exterior features
    Fire Detectors, Fire Sprinklers, Freight Elevator, Restrooms, Kitchen Area, Living Area, Brick
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    Size
    34,903 SF
    Lot size
    4.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    20788

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1974
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    John Dailey
    John Dailey

    Listing agent John Dailey License #12907

    Listing office Home Source Realty-Lander 1632 W. Main Street, WY

    Listing date Jan 15, 2026

    MLS# 20260234 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.

    Overview

    Commercial Building in Lander, Wyoming

    The property features a primary building with 34,903 square feet above grade and 25,420 square feet below grade, situated on 4.07 acres, with approximately two acres undeveloped for future expansion or development. Additionally, the listing includes a 2,280 square foot duplex built in 2004, offering potential for additional income. The property has historically been used for medical purposes and is currently operating as a level 1 assisted living center. This turnkey business includes 34 resident rooms, each with private bathrooms, a commercial kitchen, laundry facilities, common areas, and two employee apartments within the primary building. The property is located in Lander, Wyoming.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Enhabit Hospice — 230 N 1st St, Lander, WY 82520
    • Showboat Inc — 150 Wyoming St, Lander, WY 82520

    Location Insight

    • Map
    • Local Demand
    City
    Lander
    County
    Fremont
    State
    Wyoming
    Longitude
    -108.7316307
    Latitude
    42.8237619

    Nearby Similar for Sale

    • $1,000,000

      Iconic Theater on Main Street

      Historic theater with additional suites in Lander, Wyoming.
      250 Main, Lander, WY 82520
      View Details
    • $1,200,000

      Commercial Building in Desirable Lander

      Unique commercial building with multiple configurations and long-term tenants.
      1720 Main, Lander, WY 82520
      View Details
    • $450,000

      Lander Commercial Building with Storage

      Four buildings on over three-quarters of an acre.
      115 Washington, Lander, WY 82520
      View Details
    • $1,250,000
      13,276 SF

      Established Bowling Alley with Liquor License

      Iconic bowling alley with full bar, snack bar, and liquor store.
      1290 Main St, Lander, WY 82520
      View Details
    • $1,950,000

      Wyoming Equestrian Ranch with Mountain Views

      230-acre equestrian ranch with mountain views near Lander, Wyoming.
      57 Blue Sky, Lander, WY 82520
      View Details
    • $699,000

      Newly Renovated Lander Restaurant

      Turnkey restaurant with updated kitchen and outdoor seating in Lander.
      785 E Main St, Lander, WY, 82520-3470
      View Details
    • $699,000
      2,590 SF

      Restaurant Space in Lander, Wyoming

      Restaurant property for sale in Lander, Wyoming.
      785 E Main, Lander, WY 82520
      View Details
    • $1,250,000

      Established Bowling Alley For Sale

      Turnkey bowling alley with bar, snack bar, and liquor store.
      1290 Main St, Lander, WY 82520
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - Commercial building suitable for assisted living or healthcare facility.
    Where is this assisted living facility located?
    The property is located at 150 Wyoming Lander, WY.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Priced below current bank evaluation, a great investment opportunity.; Turnkey level 1 assisted living center with **34 resident rooms with private bathrooms**.; Includes a 2,280 square foot duplex built in 2004 for additional income.
    (307) 332-7653
    We can help!
    Listing Contact
    John Dailey
    John Dailey
    Real Estate License ID: 12907
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!