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    Residential Development Lots Near Forest Title is generated by Realmo AI

    SUMMIT VIEW CT lot 7, Centennial, WY 82055

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    Claim this Listing
    For Sale
    $225,000

    LAND - Centennial, WY

    Lot size:
    2.45 Acres
    Added:
    Aug 21, 2025
    Days on Market:
    288
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for SUMMIT VIEW CT lot 7

    General Information

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

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Summit View Estates Lot 7 Block 1

    Utilities

    Water source
    Private, Well

    We can help!

    Listing Contact
    Scott Foster
    Scott Foster

    Listing agent Scott Foster License #5043

    Listing office #1 Properties 6106 Yellowstone Rd, Cheyenne, WY

    Listing date Aug 21, 2025

    MLS# 98248 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.

    HighLights

    • 7‑lot subdivision adjacent to a National Forest in Centennial, WY
    • Shared private well water system (private, well) with each lot builder‑ready
    • Underground electric is in place for all lots
    • Lot sizes range from 2.45 to 3.75 acres
    • Recreational access for year‑round activities including hiking, camping, fishing, hunting, 4‑wheeling, skiing, and snowmobiling

    Overview

    This offering consists of a seven-lot residential subdivision designed for building a custom or semi-custom home. The individual lots are builder-ready with a private shared well water system and underground electric already in place, reducing site preparation steps for construction. The lots are planned with space for a primary residence or year-round vacation home use, and remaining lots may be purchased for future construction plans.

    The subdivision is located in Centennial, Wyoming and is adjacent to a National Forest. The area supports a wide range of seasonal recreation, including hiking, camping, fishing, hunting, and 4-wheeling in warmer months, along with winter activities such as skiing and snowmobiling.

    Lot sizes range from 2.45 to 3.75 acres, providing flexibility for buyers seeking a more private residential setting while still working within the framework of an established seven-lot development. With underground electric and shared well service already available, this land is suited for owners and builders looking to move efficiently from planning to permitting and construction.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Centennial
    County
    Albany
    State
    Wyoming
    Longitude
    -106.1802
    Latitude
    41.3079

    Nearby Similar for Sale

    • $1,150,000

      Centennial, Wyoming Luxury Home

      New custom-built home near Medicine Bow National Forest.
      18 RAINBOW VALLEY LODGE ROAD, Centennial, WY 82055
      View Details
    • $1,150,000

      Centennial, WY Luxury Home

      New custom home near Medicine Bow National Forest.
      18 RAINBOW VALLEY LODGE ROAD, Centennial, WY 82055
      View Details
    • $225,000

      Builder-Ready Subdivision Lots

      Seven-lot subdivision with shared well water and underground electric, positioned adjacent to a National Forest.
      SUMMIT VIEW CT lot: 6, Centennial, WY 82055
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Seven lot subdivision with shared well and underground electric, ready for year-round or vacation home construction.
    Where is this residential land & home lot located?
    The property is located at SUMMIT VIEW CT lot 7 Centennial, WY.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 7‑lot subdivision adjacent to a National Forest in Centennial, WY; Shared private well water system (private, well) with each lot builder‑ready; Underground electric is in place for all lots
    (307) 631-4289
    We can help!
    Listing Contact
    Scott Foster
    Scott Foster
    Real Estate License ID: 5043
    Learn More
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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.

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