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

    LAKE CABIN Drive Alpine, WY 83128

    View on Map
    Claim this Listing
    For Sale
    $1,295,000

    LAND - Alpine, WY

    Lot size:
    4.27 Acres
    Added:
    Mar 10, 2025
    Days on Market:
    397
    Last Refresh:
    Apr 10 at 5:06 pm

    Property Features for LAKE CABIN Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Pets allowed
    Yes
    Standard status
    Active
    APN
    37183010012600
    Lot size
    4.27 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1389

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well
    Water front features
    Waterfront, River Access
    Water front
    1

    We can help!

    Listing Contact
    Keith Wortman

    Listing agent Keith Wortman

    Listing office eXp Realty, LLC 2617 E Lincolnway SuiteA-5, Cheyenne, WY

    Listing date Mar 10, 2025

    MLS# 25-377

    Copyright © 2026 Teton 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.

    Overview

    Land Near Palisades Reservoir

    This 4.27-acre lot borders the Bureau of Reclamation on the Palisades Reservoir, offering unobstructed access. It features views of Ferry Peak, Black Mountain, and The Snake River Canyon. Zoned for commercial mixed-use, the property presents opportunities for building a dream home or higher-density housing. There are no CCRs or HOA restrictions. The property can be annexed into the Town of Alpine and connected to town water and sewer services. The lot consists of two parcels, one zoned residential and the other zoned mixed-use commercial. According to Lincoln County and the Town of Alpine, rezoning to 100% commercial mixed-use is possible. This property is suitable for investors, developers, or builders.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Alpine
    County
    Lincoln
    State
    Wyoming
    Longitude
    -111.029672
    Latitude
    43.172108

    Nearby Similar for Sale

    • $995,000

      Alpine, WY Mixed-Use Land

      3.18 acres with highway frontage near Alpine, Wyoming.
      115559 HWY 89, Alpine, WY 83128
      View Details
    • $1,500,000
      3,720 SF

      Alpine WY Multi-Family Investment

      Four-unit multi-family property in Alpine, Wyoming with mountain views.
      360 Wooden Spur Drive, Alpine, WY 83128
      View Details
    • $1,295,000
      2,676 SF

      Commercial Restaurant Space on Highway

      Restaurant space with highway frontage in Alpine, Wyoming.
      170 HIGHWAY 89, Alpine, WY 83128
      View Details
    • $395,000

      Salt River Cove Homesite

      1.25-acre homesite with Salt River access and mountain views.
      RIVER TRAIL Drive lot: 30, Alpine, WY 83128
      View Details
    • $1,695,000

      Wyoming Mountain Retreat Bordering Forest

      5.2-acre homesite bordering Targhee National Forest with panoramic mountain views.
      PALISADES Drive lot: 172, Alpine, WY 83128
      View Details
    • $235,000

      Alpine, WY Land For Sale

      1.02 acre lot in Salt River Cove Subdivision.
      RIVER TRAIL Drive lot: 22, Alpine, WY 83128
      View Details
    • $189,000

      Residential Lot in Alpine Meadows

      0.40-acre single-family lot with utilities and mountain views.
      ASTER LOOP lot: 78, Alpine, WY 83128
      View Details
    • $180,000

      Residential Lot in Alpine Meadows

      0.41-acre lot with mountain views, near recreation and amenities.
      COLUMBINE Street lot: 54, Alpine, WY 83128
      View Details
    • $205,000

      Residential Land in River View

      Flat, grassy lot with scenic views in established community.
      536 SNAKE RIVER Drive, Alpine, WY 83128
      View Details
    • $199,000

      Wooded Lot in Overlook Circle

      0.32-acre wooded lot for a mountain retreat in Alpine, WY.
      682 OVERLOOK Circle, Alpine, WY 83128
      View Details
    • $10,000,000
      20,000 SF

      Alpine, WY Commercial Property

      Sale-leaseback opportunity with established brewery on 6.18 acres.
      624 COUNTY ROAD 101, Alpine, WY 83128
      View Details
    • $149,000

      Residential Lot in Alpine Meadows

      0.36-acre lot ready for custom build in Alpine, WY.
      COLUMBINE Street lot: 1, Alpine, WY 83128
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with unobstructed access to Palisades Reservoir and commercial zoning.
    Where is this commercial land located?
    The property is located at LAKE CABIN Drive Alpine, WY.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Unobstructed access to the Palisades Reservoir bordering the Bureau of Reclamation land.; Commercial Mixed Use Zoning with potential to change to 100% Commercial Mixed Use.; No CCRs and No HOA.
    (307) 634-0363
    We can help!
    Listing Contact
    Keith Wortman
    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!