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    35 Us Highway 89 Etna, WY 83118

    Sponsored
    For Sale
    $3,500,000

    Development Mixed Use - Etna, WY

    Property size:
    4,000 SF
    Lot size:
    48.50 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 27 at 7:06 pm

    Property Features for 35 Us Highway 89

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Size
    4,000 SF
    Lot size
    48.50 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Wootan

    LISTWITHFREEDOM.COM (855) 456-4945

    Listing agent Joseph Wootan (855) 456-4945 License #RE-16350

    Listing date Feb 25, 2026

    MLS# 20260768 Listing URL

    Copyright © 2026 Wyoming Multiple Listing Service. 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

    Etna, WY Mixed-Use Development

    This 48.5-acre property in Etna, Wyoming, presents a mixed-use development opportunity. The site features high-visibility highway frontage and is located 6 miles from Alpine and approximately 45 minutes from Jackson Hole. Situated in the Star Valley corridor, the property offers flexibility and long-term potential. Approved for subdivision by the county, the land can be split and developed or retained as a single parcel for a private estate, ranch, or investment. Power and high-speed internet are available on the property. The land includes mature trees, open pasture, and an established apple orchard. A partially constructed 4,000 sq ft modern farmhouse is ready for completion, allowing for customized finishes. This property is suitable for commercial, residential, or mixed-use development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Nail Salon Accounting Firm HVAC Service Electrical Service Law Firm Tattoo & Piercing Shop Catering Service Restaurant Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Etna
    County
    Lincoln
    State
    Wyoming
    Longitude
    -111.010467
    Latitude
    43.059805

    Nearby Similar for Sale

    • $7,500,000
      36,000 SF

      Highway 89 Commercial Property

      Commercial property on 4.07 acres with two 18,000sf buildings.
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      View Details
    • $1,495,000
      4,158 SF

      Etna, WY Commercial Property Investment

      Mountain Gem: Live, Work, & Thrive
      107817 Hwy 89, Etna, WY 83118
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    • $3,495,000
      4,158 SF

      Etna, WY Commercial Property & Business

      Profitable Stone Works Business & Real Estate
      107817 Hwy 89, Etna, WY 83118
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    FAQs

    What type of property is this?
    Commercial land - 48.5-acre mixed-use development opportunity in Etna, Wyoming.
    Where is this commercial land located?
    The property is located at 35 Us Highway 89 Etna, WY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - 48.5 acre mixed-use property with HIGH-VISIBILITY highway frontage in Etna, WY, near Alpine and Jackson Hole.; - County-approved for subdivision, offering flexibility for development or private estate.; - Partially constructed 4,000 sq ft MODERN FARMHOUSE ready for completion and customization.
    (855) 456-4945
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    35 Us Highway 89 Etna, WY 83118
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    Etna, WY 83118
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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
    35 Us Highway 89 Etna, WY 83118
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    We can help!
    Listing Contact
    Joseph Wootan
    Real Estate License ID: RE-16350
    (855) 456-4945
    Learn more
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