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    8917 Powderhouse Rd Cheyenne, WY 82009

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    Sponsored
    For Sale
    $625,000

    Rural Residential, RANCH - Cheyenne, WY

    Type:Farm
    Lot size:
    4.81 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 16 at 11:06 am

    Property Features for 8917 Powderhouse Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Vegetation
    Grassed
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    Parking
    2
    Parking features
    Garage, RV
    Patio and Porch features
    Porch
    Interior features
    Bay/Bow Window, Eat In Kitchen, Main Floor Laundry, Main Floor Primary, Thermal Windows, Green House, Storm Doors
    Exterior features
    Front Fenced, Back Fenced, Outbuilding, Porch, Covered Porch, Native Grasses And Plants
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Microwave, Range, Refrigerator
    Lot size
    4.81 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1987
    Building materials
    Brick
    Architectural style
    Ranch
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Kathleen Petersen
    Kathleen Petersen

    #1 Properties (307) 634-2222

    Listing agent Kathleen Petersen (307) 634-2222

    Listing date Mar 13, 2026

    MLS# 100125 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

    Cheyenne Ranch with Acreage

    Located north of Cheyenne off paved Powderhouse Road, this property features a full brick home situated on nearly 5 acres with evergreen trees and three outbuildings. The home has two covered entries at the front, one providing protected access to the back hallway and the other leading to the main entry door with a covered walkway. The exterior features wood-look steel siding on the soffit and covered front walkway. The main floor includes a pellet stove with an opening to direct warm air to the back hallway and kitchen, three bedrooms, one and a half baths with a roll-in tiled shower, a large laundry/mudroom area, and an insulated garage with insulated garage doors. Newer windows are installed on most of the main floor. Additional features include a Generac electrical backup, a newer A/C unit installed within the last three years, and a remodeled main floor with new paint and Pergo-type flooring throughout. The hall bath has been completely redone. The property includes a chicken house, a greenhouse, and a garden area prepared with fill-dirt. Two hydrants have been added, fed from the house and buried approximately 6 feet deep, with a water filtration system. A sub-panel has been added in the basement for the A/C, with the ability to add heating/electrical to the chicken enclosure. Solar panels are also installed on the property. A long stable/barn requires some paint but includes an open-sided area used for tractor storage and an enclosed portion with a board floor area for feed storage. Three additional hydrants feed from the center drive for stable/barn supply. The property features a rocked drive and fenced acreage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Pharmacy Auto Parts Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.7930599
    Latitude
    41.2010534

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    FAQs

    What type of property is this?
    Farm - Ranch-style home on nearly 5 acres with outbuildings.
    Where is this farm located?
    The property is located at 8917 Powderhouse Rd Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Nearly 5 acres of fenced land with mature evergreen trees, offering privacy and space.; - Full brick home with multiple outbuildings, including a stable/barn, greenhouse, and chicken housing.; - Generac electrical backup system and solar panels, providing energy independence and potential cost savings.
    (307) 365-9185
    Request Owner's contact information
    8917 Powderhouse Rd 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
    8917 Powderhouse Rd Cheyenne, WY 82009
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    We can help!
    Listing Contact
    Kathleen Petersen
    Kathleen Petersen
    Real Estate License ID: 2575
    (307) 365-9185 (307) 773-8494 (307) 634-2222
    Learn more
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