Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    190 S COLLEGE DR Cheyenne, WY 82009

    View on Map
    Claim this Listing
    Picture of Land at 190 S COLLEGE DR, Cheyenne, WY
    For Lease
    Contact for pricing

    Lease/Rental - Cheyenne, WY

    Property size:
    74,052 SF
    Lot size:
    1.70 Acres
    Added:
    May 30, 2025
    Days on Market:
    335
    Last Refresh:
    Apr 29 at 6:06 pm

    Property Features for 190 S COLLEGE DR

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    74,052 SF
    Lot size
    1.70 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1500

    Building Details

    Year built
    1970
    Floors in Building
    1
    Building materials
    Other
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Jim Weaver
    Jim Weaver

    Listing agent Jim Weaver

    Listing office #1 Properties 6106 Yellowstone Rd, Cheyenne, WY

    Listing date May 30, 2025

    MLS# 97410 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.

    Overview

    Cheyenne Land Lease Opportunity

    This 1.7-acre commercial land parcel is available for lease in Cheyenne, Wyoming. The property, located within a half-mile south of the I-80 College interchange, features a partial fence and a small storage shed. The minimum lease term is one year, with a monthly rental rate of $2,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Factory Direct Trailer ... Car Dealership Signs 65 Marketing & Advertising The Bonneville Shop Marketing & Advertising Modern British Iron Marketing & Advertising Midco Supply Co Factory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.7704756
    Latitude
    41.1137901

    Nearby Similar for Lease

    • Contact for pricing

      Cheyenne Commercial Warehouse and Office Space

      Class-A commercial warehouse and office space with convenient interstate access.
      8610 TRUCKER TR, Cheyenne, WY 82007
      View Details
    • Contact for pricing

      Class A Office Space Cheyenne

      Premier office space with flexible layout in Cheyenne, Wyoming.
      1820 DILLON AVE, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Downtown Cheyenne Office with Parking

      2,500 SF office space in downtown Cheyenne for lease.
      1813 CAREY AVE, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Downtown Cheyenne Office Space Rental

      Charming downtown office space with versatile rooms for lease.
      1902 THOMES AVE, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Downtown Cheyenne Office or Retail

      Office or retail space with parking in downtown Cheyenne.
      1817 CAREY AVE, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Cheyenne Office Space For Rent

      Office suite with private offices, conference room, and reception area.
      611 E CARLSON ST, Cheyenne, WY 82009
      View Details
    • Contact for pricing

      Cheyenne Office or Retail Space

      Office or retail space available for lease in Cheyenne.
      2220 DELL RANGE BLVD, Cheyenne, WY 82009
      View Details
    • Contact for pricing

      Medical Office Building For Lease

      Medical office space available for lease in Cheyenne, Wyoming.
      1950 BLUEGRASS CIR, Cheyenne, WY 82009
      View Details
    • Contact for pricing

      Prime Downtown Cheyenne Office Space

      High-visibility office space in the heart of Cheyenne's business district.
      1804 CAPITOL AVE, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Updated Office Space in Cheyenne

      Recently updated office space available for lease in Cheyenne.
      1208 E PERSHING BLVD, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Health & Wellness Suite in Gym

      Private suite with gym access for health and wellness professionals.
      1612 E PERSHING BLVD, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Cheyenne Warehouse with Secured Area

      12,000 SF warehouse with office space and secured fenced area.
      2530 OLD HAPPY JACK, Cheyenne, WY 82001
      View Details

    FAQs

    What type of property is this?
    Land - 1.7-acre lot near I-80 interchange available for lease.
    Where is this land located?
    The property is located at 190 S COLLEGE DR Cheyenne, WY.
    What are key features of this property?
    This property features: 1.7 acre lot available for land lease only; Located within 1/2 mile of I80 College interchange, offering excellent accessibility; $2,000 per month
    (307) 630-5161
    We can help!
    Listing Contact
    Jim Weaver
    Jim Weaver
    Real Estate License ID: 10624
    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!