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    Brand-New Flex Condos with Overhead Doors Title is generated by Realmo AI

    LOT 1 DEAD HORSE MEADOWS SUB., Alpine, WY 83128

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    New
    For Sale
    $1,827,000

    COMMERCIAL - Alpine, WY

    Property size:
    6,000 SF
    Lot size:
    2.10 Acres
    Price / SF:
    $304/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 4:06 pm

    Property Features for LOT 1 DEAD HORSE MEADOWS SUB.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    3718-191-01-002
    Size
    6,000 SF
    Lot size
    2.10 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    2000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Building materials
    Metal Siding, Steel Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Robert Neill

    Listing agent Robert Neill

    Listing office Keller Williams Jackson Hole PO Box 12783, Jackson, WY

    Listing date Jun 5, 2026

    MLS# 26-1379

    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.

    HighLights

    • Brand‑new commercial flex condo units on US Highway 26 frontage in Alpine, WY
    • Units B, C, and D each offer approx. 1,500 SF with a 12' x 14' overhead door
    • 12' x 14' overhead door and 18'-24'8'' pitched ceilings in each suite
    • Each suite includes 225A electrical panel, unfinished concrete floors, and water/sewer rough‑ins for a future bathroom
    • Drywall taped and ready for tenant finish, with optional 1,000+ SF mezzanine potential
    • Purchase all three suites for approx. +/-4,500 SF of contiguous flex space; suite D $649K, suite C $599K, suite B $579K

    Overview

    Brand-new commercial flex condos are available as individual suites or together, providing flexible layouts for a range of commercial and light industrial users. Suites B, C, and D each offer approximately 1,500 SF and include a 12' x 14' overhead door, 18'-24'8" pitched ceilings, and a 225A electrical panel. Interiors are delivered with unfinished concrete floors and drywall taped and ready for tenant finish. Water and sewer rough-ins are in place for a future bathroom, and an optional 1,000+ SF mezzanine potential is available for additional space planning.

    The property is located with frontage on U.S. Highway 26 in Alpine, Wyoming, and is being offered as suites for sale individually or as a combined assemblage. By vacating walls, the three suites can be combined for an estimated +/-4,500 SF of contiguous flex space.

    This flex configuration supports practical back-of-house and customer-facing needs, with grade-level overhead access, ample pitched height for storage or light fabrication, and provisions for future restroom build-out. The unfinished base and tenant-ready condition allow buyers to tailor the interior finish to their operating requirements, whether the space is used for contractor/trades work, light industrial activity, showroom use, storage, or an office/shop setup.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Alpine
    County
    Lincoln
    State
    Wyoming
    Longitude
    -111.028079
    Latitude
    43.184305

    Nearby Similar for Sale

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      Flex/Shop Condo with Overhead Door

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    • $649,000
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      Flex Shop Condo with Overhead Door

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    • $599,000
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    FAQs

    What type of property is this?
    Flex space - New flex condo suites with overhead door access and tenant-ready interiors, suitable for contractors and light industrial use.
    Where is this flex space located?
    The property is located at LOT 1 DEAD HORSE MEADOWS SUB. Alpine, WY.
    What is the asking price?
    The asking price for this property is $1,827,000.
    What are key features of this property?
    This property features: Brand‑new commercial flex condo units on US Highway 26 frontage in Alpine, WY; Units B, C, and D each offer approx. 1,500 SF with a 12' x 14' overhead door; 12' x 14' overhead door and 18'-24'8'' pitched ceilings in each suite
    (336) 406-0910
    We can help!
    Listing Contact
    Robert Neill
    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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