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

    248 MAN O WAR DR Medicine Bow, WY 82329

    View on Map
    Claim this Listing
    New
    For Sale
    $129,000

    Rural Residential, RANCH - Medicine Bow, WY

    Type:Farm
    Lot size:
    107.00 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 24 at 7:06 am

    Property Features for 248 MAN O WAR DR

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Dining Room, Kitchen, Living Room
    Parking features
    Garage
    Vegetation
    Grassed
    Exterior features
    Native Grasses And Plants
    Fireplace
    1
    Appliances
    Dryer, Range, Refrigerator
    Standard status
    Active
    Lot size
    107.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    818017

    Utilities

    Heating system
    Fireplace(s), Wood (Heating), Wood Stove

    Building Details

    Year built
    2009
    Building materials
    Other
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Destiny Feldman

    Listing agent Destiny Feldman

    Listing office Century 21 Bell Real Estate 2103 Warren Ave, Cheyenne, WY

    Listing date Apr 23, 2026

    MLS# 100556 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

    Off-Grid Home on 107 Acres

    Located in a sought-after area known for antelope hunting, this off-grid home offers the potential for a private oasis on 107 acres. The property presents a rare opportunity for peace and solitude. While the house requires some renovation, it offers limitless potential for those ready to bring their vision to life. The property is set up for solar panels and/or generator power, making it suitable for a sustainable lifestyle or an occasional getaway. It includes a low voltage refrigerator and freezer, a 500-gallon water storage, a wood stove, septic system, and washer and dryer. Situated in the WyTex Ranch, the property features unobstructed views for miles.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Medicine Bow
    County
    Carbon
    State
    Wyoming
    Longitude
    -106.194
    Latitude
    42.0462

    Nearby Similar for Sale

    • $530,500

      287 Acres Near Medicine Bow

      287 acres in Thunder Gulch region near Medicine Bow, WY.
      14 THUNDER GULCH RD, Medicine Bow, WY 82329
      View Details
    • $54,724

      Wyoming Land with Expansive Views

      70.53 acres near Medicine Bow, Wyoming with development potential.
      TBD Man o' War, Medicine Bow, WY 82329
      View Details
    • $125,000

      Large Residential Land Parcel

      Two lots totaling 105.66 acres in Medicine Bow, Wyoming.
      211 MAN O WAR DR, Medicine Bow, WY 82329
      View Details
    • $166,500

      Wyoming Land with Mineral Rights

      111 acres of land in Wyoming with mineral rights.
      9 Count Fleet Dr, Medicine Bow, WY
      View Details
    • $155,000

      Large Acreage Land Parcel

      Three lots totaling 109.29 acres available for sale.
      Byerly Dr, Medicine Bow, WY
      View Details
    • $35,000

      Residential Land in Medicine Bow

      35.01 acre residential land perfect for building a home.
      Tract 52 WHIRL AWAY DR, Medicine Bow, WY 82329
      View Details
    • $38,000

      Wyoming Land with Panoramic Views

      35.96 acres of open space with beautiful vistas.
      TBD DESERT WINE CT, Medicine Bow, WY 82329
      View Details
    • $40,000

      Wyoming Land Parcel For Sale

      37.5 acre parcel of land in Medicine Bow, Wyoming.
      1 BYERLY DR, Medicine Bow, WY 82329
      View Details

    FAQs

    What type of property is this?
    Ranch - Private, secluded off-grid home with hunting potential on 107 acres.
    Where is this ranch located?
    The property is located at 248 MAN O WAR DR Medicine Bow, WY.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: 107 acres of land offering privacy and solitude.; Located in an area known for antelope hunting.; Off‑grid living potential with solar panel/generator setup.
    (720) 545-8739
    We can help!
    Listing Contact
    Destiny Feldman
    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!