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    94 Cliff Ave Riverton, WY 82501

    Sponsored
    For Sale
    $595,000

    Ranch, Other - Riverton, WY

    Property size:
    2,760 SF
    Lot size:
    2.36 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 3 at 11:06 pm

    Property Features for 94 Cliff Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    NONE
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    5
    Parking features
    Garage, Off Street
    Interior features
    Alarm System, Double Pane Windows, Garage Door Openers, Tankless Hot Water Heater
    Exterior features
    Frame-lap, Log, Cul-de-sac, Storage Shed, Landscaped
    Size
    2,760 SF
    Lot size
    2.36 Acres

    Taxes and HOA fees

    Expense value
    2220
    Expense
    Management Fee

    Utilities

    Utilities
    Water Available
    Heating system
    Coal, Electric (Heating), Radiant, Wood (Heating)
    Cooling system
    Zoned

    Building Details

    Year built
    1978
    Building materials
    Frame, Log
    Architectural style
    Ranch
    Additional Structures
    Packing Shed, Shed(s), Storage

    We can help!

    Listing Contact
    Olivia Prince
    Olivia Prince

    Wind River Property Group (678) 300-5876

    Listing agent Olivia Prince (307) 856-3999 License #3920

    Listing date Mar 3, 2026

    MLS# 20260902 Listing URL

    Copyright © 2026 Fremont County Association 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 Homestead with Income Potential

    This 2.36-acre property features a remodeled 4-bedroom, 3-bath main residence and two log cabins. The main home includes an updated custom kitchen with a large island and new appliances, updated flooring, fresh interior and exterior paint, and remodeled bathrooms. There are two bedrooms and two bathrooms on the main level. The home has multiple heat sources (gas, wood, pellet, electric, and radiant), mini-split air conditioning, and a solar power backup with a generator. Other amenities include on-demand hot water, a second full kitchen on the lower level, and two laundry rooms. The updated lower level doubles the usable square footage and features a family room, two guest rooms, and a full bath. Updated window wells provide egress and natural light. The main house also has new gutters, doors, and windows, new garage doors, a new driveway, new buried propane tanks, and a new septic system. There is an attached two-car garage. The property also includes two log cabins, each with just under 400 sq. ft. of living space. Both cabins have been remodeled with new roofing, added insulation, new windows and doors, on-demand hot water, and updated kitchens. Both cabins feature radiant heat, new kitchen appliances, and new washers and dryers, as well as pellet and wood stove heating options and new front porches. Both cabins are currently leased and offer immediate income potential. The property offers end-of-road privacy and mountain and valley views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverton
    County
    Fremont
    State
    Wyoming
    Longitude
    -108.401633
    Latitude
    43.018164

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    FAQs

    What type of property is this?
    Single family property - 2.36-acre property with remodeled home and two income-producing cabins.
    Where is this single family property located?
    The property is located at 94 Cliff Ave Riverton, WY.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Income potential: Two remodeled log cabins are currently rented for $925/month each, providing immediate income.; - **Fully remodeled main residence:** Features a custom kitchen, updated flooring, fresh paint, remodeled bathrooms, and a finished lower level with a second kitchen and laundry.; - **2.36-acre homestead with end-of-road privacy and mountain/valley views.**
    (307) 856-3999
    Request Owner's contact information
    94 Cliff Ave Riverton, WY 82501
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    Riverton, WY 82501
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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
    94 Cliff Ave Riverton, WY 82501
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    We can help!
    Listing Contact
    Olivia Prince
    Olivia Prince
    Real Estate License ID: 3920
    (307) 856-3999 (307) 851-3302
    Learn more
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