Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Story House Lane Sheridan, WY 82801

    View on Map
    Claim this Listing
    For Sale
    $95,000

    LAND - Sheridan, WY

    Lot size:
    0.10 Acres
    Added:
    Sep 10, 2024
    Days on Market:
    605
    Last Refresh:
    May 7 at 5:06 am

    Property Features for Story House Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PUD
    Standard status
    Active
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Gina Marie Benjamin

    Listing agent Gina Marie Benjamin

    Listing office ERA Carroll Realty, Co., Inc. 306 N Main St., Sheridan, WY

    Listing date Sep 10, 2024

    MLS# 24-1052 Listing URL

    Copyright © 2026 Sheridan County Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Part of Story House Village: A multi‑generational, mixed‑use community.
    • Features a 12‑acre lake and a 35‑acre park.
    • Walking/biking paths within the community.
    • Close to outdoor activities like fishing, hunting, and horseback riding.
    • Enjoy panoramic views of the Big Horn Mountains.
    • Public water and sewer services.

    Overview

    Land in Story House Village

    This 0.1-acre land is located in Story House Village, a multi-generational mixed-use community intended as a 'Live, Work, Play' destination. Situated minutes from the Historic Downtown District of Sheridan, Wyoming, the community is planned to feature a 12-acre lake and a 35-acre park. Walking and biking paths are planned for the area. The property is subject to covenants intended to preserve investment and maintain the natural aesthetic. The location offers panoramic views and is near outdoor activities such as fishing, hunting, and horseback riding. The property is located in the basin of the Big Horn Mountains. The zoning is PUD (Planned Unit Development).
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sheridan
    County
    Sheridan
    State
    Wyoming
    Longitude
    -106.916409
    Latitude
    44.808537

    Nearby Similar for Sale

    • $575,000
      1,613 SF

      Versatile Professional Property Near Hospital

      Adaptable commercial space near hospital, ideal for professional use.
      813 Highland Avenue, Sheridan, WY 82801
      View Details
    • $324,900

      Spacious Land in Powder Horn

      Two adjoining lots totaling 0.69 acres in Sheridan, WY.
      Wagon Wheel Ct Lot F10 & F11, Sheridan, WY 82801
      View Details
    • $1,360,000
      4,699 SF

      Restored Victorian Multi-Unit Near Park

      Restored Victorian with 7 units near Kendrick Park.
      813 W Loucks Street, Sheridan, WY 82801
      View Details
    • $325,000
      2,400 SF

      Sheridan Shop and Storage Units

      Premium shop and storage units suitable for various business uses.
      1715 N Gould Street, Sheridan, WY 82801
      View Details
    • $325,000
      2,400 SF

      Spacious Shop and Storage Units

      Premium units ideal for business, car enthusiasts, or RV storage.
      1715 N Gould Street, Sheridan, WY 82801
      View Details
    • $325,000
      2,400 SF

      Sheridan Shop and Storage Units

      Premium shop and storage units suitable for various business uses.
      1715 N Gould Street, Sheridan, WY 82801
      View Details
    • $325,000
      2,400 SF

      Spacious Shop and Storage Units

      Premium units ideal for business, cars, RVs, and storage.
      1715 N Gould Street, Sheridan, WY 82801
      View Details
    • $395,000

      Land with Mountain and Valley Views

      Nearly one acre homesite with views in Powder Horn.
      Deer Haven Drive, Sheridan, WY 82801
      View Details
    • $162,500

      Land in The Powder Horn

      0.33-acre lot with mountain views in golf community.
      Wagon Wheel Court Lot F10, Sheridan, WY 82801
      View Details
    • $275,000

      Residential Land in Powder Horn

      Building site in The Powder Horn Golf Community.
      Deer Haven Drive, Sheridan, WY 82801
      View Details
    • $167,500

      Land with Mountain Views

      0.36 acre lot with unobstructed Big Horn Mountain views.
      Wagon Wheel Court Lot F11, Sheridan, WY 82801
      View Details
    • $199,000
      1,200 SF

      Storage/Shop Space in Sheridan, WY

      Storage/shop space with easy access for larger vehicles and equipment.
      1705 E Brundage Lane, Sheridan, WY 82801
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land for sale in a mixed-use community near downtown.
    Where is this commercial land located?
    The property is located at Story House Lane Sheridan, WY.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Part of Story House Village: A multi‑generational, mixed‑use community.; Features a **12‑acre lake and a 35‑acre park**.; Walking/biking paths within the community.
    (307) 672-8911
    We can help!
    Listing Contact
    Gina Marie Benjamin
    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

    Thank You for Inquiry
    Story House Lane, Sheridan, WY 82801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!