Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    NW4NW4 E Miller Mountain La Barge, WY 83123

    View on Map
    For Sale
    $275,000

    Recreational Land - La Barge, WY

    Lot size:
    40.00 Acres
    Added:
    Jul 12, 2025
    Days on Market:
    267
    Last Refresh:
    Apr 4 at 4:06 am

    Property Features for NW4NW4 E Miller Mountain

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    351

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tracy Pape
    Tracy Pape

    Listing agent Tracy Pape License #13023

    Listing office Big Red Real Estate, LLC 10632 Hwy 189, Big Piney, WY

    Listing date Jul 12, 2025

    MLS# 20253665 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.

    Overview

    40 Acres Recreational Land in Wyoming

    This 40-acre recreational property is located on the east side of Miller Mountain. The property includes 39 acres of fertile agricultural land and 1 acre zoned for residential use. There are two rustic, one-room cabins on the property, offering an off-grid experience without plumbing or electricity. The property is surrounded on three sides by Bureau of Land Management (BLM) land, providing privacy and access to public lands. This property is suited for hunters and outdoor enthusiasts seeking a back-to-nature experience.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    La Barge
    County
    Lincoln
    State
    Wyoming
    Longitude
    -110.357
    Latitude
    42.1875

    Nearby Similar for Sale

    • $975,000

      La Barge Commercial Building For Sale

      Two large buildings with office, shop, bunkhouse, and warehouse.
      333 Wildcat Lane, La Barge, WY 83123
      View Details
    • $35,000

      Residential Land in La Barge

      Residential land available in La Barge, Wyoming.
      47 and 48 Pipers Way, La Barge, WY 83123
      View Details
    • $359,000

      La Barge Residential Land Opportunity

      10+ acre residential land with shop/garage and water rights.
      11172 CR 315 La Barge Creek Road, La Barge, WY 83123
      View Details
    • $33,000

      Residential Land in Established Subdivision

      Residential lot ready for development with utilities in La Barge.
      Lot 2 1ST Avenue, La Barge, WY 83113
      View Details
    • $33,000

      Residential Land in Established Subdivision

      Residential lot in established subdivision with utilities ready for building.
      Lot 1 1st Avenue, La Barge, WY 83113
      View Details
    • $12,000

      Land in Growing Western Wyoming

      Residential and commercial lots available in La Barge, Wyoming.
      TBD S LABARGE (L6, BLK7) Street, Labarge, WY 83123
      View Details
    • $12,000

      Land in La Barge, Wyoming

      Land offering residential and commercial opportunities in Western Wyoming.
      S LABARGE (L6, BLK7) Street, Labarge, WY 83123
      View Details
    • $30,000

      Residential Land in Established Subdivision

      Residential lot in La Barge, Wyoming, ready for new construction.
      Lot 6 First Avenue, La Barge, WY 83113
      View Details
    • $30,000

      Residential Land in Established Subdivision

      Residential lot ready for development with town services in place.
      Lot 3 Gales Way, La Barge, WY 83113
      View Details
    • $25,000

      Residential Land in La Barge

      Residential land available in La Barge, Wyoming.
      20 and 21 John Marx, La Barge, WY 83123
      View Details
    • $25,000

      La Barge Residential Land Opportunity

      Residential lot in La Barge with highway access and utilities.
      LaBarge Street, La Barge, WY 83123
      View Details
    • $200,000

      La Barge Residential Land Opportunity

      Over 10 acres of residential land within town limits.
      TBD Valley Road, La Barge, WY 83123
      View Details

    FAQs

    What type of property is this?
    Recreation land - 40-acre recreational property with two rustic cabins near BLM land.
    Where is this recreation land located?
    The property is located at NW4NW4 E Miller Mountain La Barge, WY.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 40‑acre recreational property perfect for hunting and outdoor adventures.; Borders Bureau of Land Management (BLM) land on three sides, ensuring privacy and access to public lands.; Includes 39 acres of fertile agricultural land.
    (307) 260-6924
    We can help!
    Listing Contact
    Tracy Pape
    Tracy Pape
    Real Estate License ID: 13023
    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!