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

    3443 Road 212 Cheyenne, WY 82009

    Sponsored
    For Sale
    $989,000

    Rural Residential, RANCH - Cheyenne, WY

    Type:Farm
    Lot size:
    6.23 Acres
    Days on Market:
    132
    Last Refresh:
    Jan 25 at 4:06 pm

    Property Features for 3443 Road 212

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Vegetation
    Grassed
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    3
    Parking
    10
    Parking features
    Garage, Heated, RV
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    Bay/Bow Window, Eat In Kitchen, Pantry, Separate Dining, Main Floor Laundry, Walk-in Closet, Wood Windows, Main Floor Primary, Thermal Windows, Energy Star Appliances, Tankless Waterheater, Programmable Thermostat, High Effic. Hvac 95% +, Energy Star Rated Windows, Low E Windows
    Exterior features
    Deck, Back Fenced, Patio, Sprinkler System, Outbuilding, Covered Porch, Enclosed Sunroom-no Heat, Backyard Sod/Grass, Back Sprinkler System, Drip Irrigation System, Native Grasses And Plants
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Lot size
    6.23 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1977
    Building materials
    Brick, Stone
    Architectural style
    Ranch
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Dave Coleman
    Dave Coleman

    #1 Properties (307) 634-2222

    Listing agent Dave Coleman (307) 634-2222

    Listing date Sep 16, 2025

    MLS# 98105 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

    Remodeled Ranch with No Covenants

    This remodeled ranch property, situated close to town without covenants, features high-quality finishes throughout. The home includes Koch custom cabinets and a 108-inch center quartzite island. Richly stained adler trim adorns the entry and custom doors, complemented by tile flooring. The oversized living room, kitchen, and dining area are designed for gatherings and entertaining. The kitchen is equipped with a Café Appliance Suite featuring a Dual Fuel Range. Additional features include a custom pellet stove, central heat and A/C, on-demand hot water, a Culligan softener, and a reverse osmosis water filtration system. The property also has a perimeter drain, black wood clad Windsor casement windows, spray foam insulation, a natural stone fireplace, and a sunroom. The exterior is maintenance-free brick with ABC seamless gutters, fascia, accent siding, and a timber tech deck. A sport court and 16 sprinkler zones surround mature trees and provide privacy. Custom wood and corrugated metal fencing encloses the yard, which includes an irrigated vegetable garden with a stamped concrete surround. A fully finished and spray foam insulated 10+ car Quonset with a 13-foot overhead door is also present. The property includes dry hay storage with a 3-stall loafing shed and a full-service RV hook-up with two large grain silos. The property is 6.23 acres and offers county-maintained access and a beautiful setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Computer & Electronic Repair Tech Support Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.6302642
    Latitude
    41.1734943

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    FAQs

    What type of property is this?
    Farm - Remodeled ranch property with high-end finishes and extensive amenities.
    Where is this farm located?
    The property is located at 3443 Road 212 Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: - No covenants and county-maintained access offer freedom and convenience.; - **10+ car Quonset** with 13' overhead door, fully finished and spray foam insulated.; - **Newly remodeled with high-end finishes**: Koch custom cabinets, quartzite island, Adler trim, and tile.
    (307) 214-6009
    Request Owner's contact information
    3443 Road 212 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
    3443 Road 212 Cheyenne, WY 82009
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    We can help!
    Listing Contact
    Dave Coleman
    Dave Coleman
    Real Estate License ID: 12697
    (307) 214-6009
    Learn more
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