Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cheyenne Office Space For Lease Title is generated by Realmo AI

    2020 CAPITOL AVE, Cheyenne, WY 82001

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Lease/Rental - Cheyenne, WY

    Property size:
    7,738 SF
    Lot size:
    0.39 Acres
    Added:
    Aug 4, 2023
    Days on Market:
    1031
    Last Refresh:
    May 30 at 6:06 pm

    Property Features for 2020 CAPITOL AVE

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    7,738 SF
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    18645.26

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1969
    Floors in Building
    2
    Building materials
    Concrete
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Prunty
    Joseph Prunty

    Listing agent Joseph Prunty

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

    Listing date Aug 4, 2023

    MLS# 90828 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.

    HighLights

    • Large main level space: 7873 sq.ft.
    • Flexible configuration with professional architect coordination.
    • Tenant improvement allowance provided.
    • Parking lot with 22 total spaces (including 2 handicapped).
    • Concrete construction.
    • Hot water and natural gas heating.

    Overview

    Available for lease is a main level office space offering 7873 square feet. The property features a parking lot with 20 spaces, plus 2 handicapped spaces. Planning and configuration can be coordinated through a professional architect, offering flexibility in design. A tenant improvement allowance is provided. The Common Area Maintenance (CAM) is $7.50 per square foot. The minimum lease term is 5 years. The property is located in Cheyenne, Wyoming.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hi Nosey Enterprises Consultant Silent Witness Crimestoppers ... Charitable Organization Cheyenne City of T City Government Office Cheyenne Nuisance Control City Government Office HCMS Group LLC ... Business Management Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.8181975
    Latitude
    41.1368174

    Nearby Similar for Lease

    • Contact for pricing
      2,500 SF

      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
      1,040 SF

      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
      1,300 SF

      Modern Office Space in Cheyenne

      1,300 sqft office with 6 offices and conference room.
      325 W 18TH ST, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      1,550 SF

      Cheyenne Retail Space For Lease

      Retail space available for lease in Cheyenne, Wyoming.
      1719 PIONEER AVE, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      1,938 SF

      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
      1,988 SF

      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
      25,000 SF

      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
      5,258 SF

      Class A Office Space

      Premier office space in Cheyenne, versatile and accessible.
      1820 DILLON AVE, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      950 SF

      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
      12,000 SF

      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
    • Contact for pricing
      1,880 SF

      Prime Cheyenne Office/Retail Space

      Highly visible space on Dell Range Corridor, suitable for various businesses.
      4620 GRANDVIEW AVE, Cheyenne, WY 82009
      View Details
    • Contact for pricing
      7,340 SF

      Cheyenne Office Space For Lease

      First-class office space in Cheyenne, priced below market rates.
      4620 GRANDVIEW AVE, Cheyenne, WY 82009
      View Details

    FAQs

    What type of property is this?
    Office units - 7873 sq. ft. office space available for lease.
    Where is this office units located?
    The property is located at 2020 CAPITOL AVE Cheyenne, WY.
    What are key features of this property?
    This property features: Large main level space: 7873 sq.ft.; Flexible configuration with professional architect coordination.; Tenant improvement allowance provided.
    (307) 773-8490
    We can help!
    Listing Contact
    Joseph Prunty
    Joseph Prunty
    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

    Thank You for Inquiry
    2020 CAPITOL AVE, Cheyenne, WY 82001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!