Sign Up Successful!
You now have access to more from Realmo!
    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

    Riverton, WY 82501

    Sponsored
    For Sale
    $750,000

    Commercial Land - Riverton, WY

    Days on Market:
    113
    Last Refresh:
    Jan 23 at 3:06 am

    Property Features for

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    NONE
    Exterior features
    Horses Allowed, Partially Fenced, Barbed Wire
    Fencing
    Barbed Wire, Fenced, Partial

    Taxes and HOA fees

    Expense value
    255.49000549316

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Kellner
    David Kellner

    Home Source Realty. Inc (307) 856-4663 [email protected]

    Listing agent David Kellner (307) 856-4663 License #RE-13363

    Listing date Oct 3, 2025

    MLS# 20244165 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

    Overview

    Prime Commercial Land on Federal

    This commercial development site offers approximately 8.8 acres of land situated on North Federal Boulevard. The property benefits from high traffic and visibility. Utilities including water, gas, and electric are already available on the lot. Neighboring properties include Hampton Inn, Haskell’s Furniture, Sportsman’s Warehouse, Comfort Inn and Sutherlands. The property is located in Riverton, Wyoming.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Riverton
    County
    Fremont
    State
    Wyoming
    Longitude
    -108.935
    Latitude
    43.1005

    Nearby Similar for Sale

    • $1,075,000
      4,060 SF

      Premium Wyoming Ranch with Water Rights

      60-acre ranch near Riverton with home and equestrian facilities.
      143 Moonshine Rd, Riverton, WY 82501
      View Details
    • $1,070,000
      228.15 Acres

      Productive Irrigated Farm in Riverton

      Well-maintained, irrigated farm with income potential and scenic views.
      000 Tunnel Hill Rd, Riverton, WY 82501
      View Details
    • $347,500
      0.93 Acres

      Riverton Office Building with Development Potential

      Versatile commercial building suitable for office, medical, or residential use.
      1430 Riverview Rd, Riverton, WY 82501
      View Details
    • $850,000
      0.48 Acres

      Restaurant and Home in Riverton

      Turnkey restaurant and residential property in downtown Riverton, Wyoming.
      514 W Main St, Riverton, WY 82501
      View Details
    • $975,000
      2.92 Acres

      Riverton Commercial Building on Main

      12,600 SF commercial building on 2.9 acres.
      801 W Main St, Riverton, WY 82501
      View Details
    • $1,575,000
      1.67 Acres

      Commercial Building with Refrigerated Space

      Commercial building with storage, office, and residential space in Riverton.
      425 N Broadway Ave, Riverton, WY 82501
      View Details
    • $235,000
      0.64 Acres

      Commercial Property on Highway

      Large commercial property with highway frontage in a sought-after corridor.
      502 N Federal Blvd, Riverton, WY 82501
      View Details
    • $593,000
      0.16 Acres

      Commercial Building in Riverton, Wyoming

      Commercial building with multiple tenants and investment potential in Riverton.
      402 E Main St, Riverton, WY 82501
      View Details
    • $425,000
      0.43 Acres

      Established Retail Business in Riverton

      Turnkey retail business with street exposure and diverse product offerings.
      608 E Pershing Ave, Riverton, WY 82501
      View Details
    • $850,000
      5.67 Acres

      Riverton Mobile Home Park Investment

      5.67-acre mobile home park with house, rentals, shop, and equestrian.
      335 Granite Cir, Riverton, WY 82501
      View Details
    • $179,000
      0.17 Acres

      Commercial Building in Riverton, WY

      One-level commercial building suitable for single or multiple businesses.
      822 Forest Dr, Riverton, WY 82501
      View Details
    • $135,000
      0.16 Acres

      Downtown Riverton Commercial Office Space

      Rare downtown office space with multiple configurations and ample parking.
      513 E Main St, Riverton, WY 82501
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.8 acre commercial development site on North Federal Boulevard.
    Where is this commercial land located?
    The property is located at Riverton, WY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - High traffic and visibility location on North Federal Boulevard.; - Large 8.8-acre commercial development site.; - Utilities (water, gas, and electric) already on the lot.
    (307) 851-4629
    Request Owner's contact information
    Riverton, WY 82501
    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.
    Riverton, WY 82501
    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
    Riverton, WY 82501
    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

    We can help!
    Listing Contact
    David Kellner
    David Kellner
    Real Estate License ID: RE-13363
    (307) 851-4629
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.