1625 DELL RANGE BLVD Cheyenne, WY 82009
COMMERCIAL - Cheyenne, WY
Property Features for 1625 DELL RANGE BLVD
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Appliances
- Building, Fixtures, Land
- Standard status
- Active
- Size
- 7,760 SF
- Lot size
- 0.75 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3546
Building Details
- Year built
- 1993
- Building materials
- Steel
- Roof type
- Metal
Listing agent Jim Weaver License #10624 (307) 630-5161
Listing office #1 Properties 6106 Yellowstone Rd, Cheyenne, WY (307) 634-2222
Listing date May 19, 2026
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.
Investment Insights
Based on property information with market context.
The property is positioned along Dell Range Boulevard, described as the “golden retail mile,” with over 30,000 ADT (the highest traffic count in Wyoming, per the provided information). This high-traffic frontage is a key consideration for tenants and operators seeking consistent retail exposure.
For buyers looking for an income-oriented asset with long-tenured operations already underway, the combination of absolute triple-net responsibility and remaining term is central to the offering. The two existing lease arrangements provide a structured basis for underwriting, while the site’s placement on a heavily traveled corridor supports continued visibility for the businesses in place.
Key Highlights
- Steel construction building with metal roof, built in 1993
- Over 30 years of established businesses in place
- Current CAP rate is approximately 6.8% using the current asking price
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.3k | $18.60 |
| − Vacancy | −$17.2k | −$2.21 |
| EGI | $127.2k | $16.39 |
| − OpEx | −$38.1k | −$4.92 |
| NOI | $89.0k | $11.47 |
