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    The Largest CRE Database in the US with Over 1 Million Listings

    1685 Moriah Ln Cheyenne, WY 82009

    Sponsored
    For Sale
    $835,000

    Rural Residential, RANCH - Cheyenne, WY

    Type:Farm
    Property size:
    2,352 SF
    Lot size:
    4.87 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 26 at 1:06 am

    Property Features for 1685 Moriah Ln

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Vegetation
    Grassed
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    4
    Parking
    3
    Parking features
    Garage, RV
    Patio and Porch features
    Patio, Deck
    Interior features
    Sun Room, Ceiling Fan, Storm Doors, Drip Sprinklersym.ontimer
    Exterior features
    Deck, Patio, Sprinkler System, Enclosed Sunroom-no Heat, Front Yard Sod/Grass, Front Sprinkler System, Backyard Sod/Grass, Back Sprinkler System, Native Grasses And Plants
    Fireplace
    1
    Basement Y/N
    1
    Size
    2,352 SF
    Lot size
    4.87 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1997
    Building materials
    Brick
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Kathleen Petersen
    Kathleen Petersen

    #1 Properties (307) 634-2222

    Listing agent Kathleen Petersen (307) 634-2222

    Listing date Feb 19, 2026

    MLS# 99875 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 Home on Acreage

    Located just off Wayne Road and Riding Club, this full brick home on Moriah Lane, built in 1997, offers views, location, privacy, and trees on 4.87 acres with a picturesque pond. The residence features oversized rooms and spaces with 2352 square feet on each level, complemented by large windows for natural light. The property includes an office, a project room, and a potential fourth bedroom. A 1000-gallon septic system is sized for a 4-bedroom capacity. The 3-car garage has insulated walls and ceiling, a small heater, and newer wood-grained look insulated doors with accents. The gourmet kitchen is equipped with hardwood floors, maple Schroll cabinetry, two sinks, solid surface counters with a molded-in sink, an island, a gas range with a vent hood, a spice rack, an appliance garage, pantry areas, pull-out drawers, cookie sheet storage, an outlet within the large island, and a desk area with a wine rack. Hardwoods extend into the dining area, back hallway, and half bath with an adjacent pantry or storage room. Additional features include storage areas, wide basement stairs, three walk-in closets, solid hardwood doors, a walk-out basement, a rec-room with a bar (tiled floor, bar sink, small refrigerator, granite top counter, and Formica type lower and back counter), and an oversized utility room. There is an enclosed sun room or patio. The property also has central air conditioning and a sprinkler system that can fill up the pond off to the west side, which is backed by a tree row. A drip system is in place for the tree row at the pond and around the house.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Building Supply Pharmacy Auto Parts Store Electrical Service Electronics & Wireless Store Computer & Electronic Repair Veterinary Clinic Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.8070547
    Latitude
    41.2105882

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    FAQs

    What type of property is this?
    Specialty property - Spacious ranch home on 4.87 acres with picturesque pond.
    Where is this specialty property located?
    The property is located at 1685 Moriah Ln Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $835,000.
    What are key features of this property?
    This property features: - Private 4.87-acre lot with mature trees and picturesque pond; - Spacious full brick home with oversized rooms and abundant natural light; - Gourmet kitchen featuring maple Schroll cabinetry, solid surface counters, and gas range
    (307) 365-9185
    Request Owner's contact information
    1685 Moriah Ln 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
    1685 Moriah Ln Cheyenne, WY 82009
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    We can help!
    Listing Contact
    Kathleen Petersen
    Kathleen Petersen
    Real Estate License ID: 2575
    (307) 365-9185 (307) 773-8494 (307) 634-2222
    Learn more
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