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    1620 Thomes Ave Cheyenne, WY 82001

    Sponsored
    For Sale
    $1,100,000

    Downtown Cheyenne commercial space; ideal for diverse uses.

    Property size:
    6,677 SF

    Description

    Added:
    Jan 14, 2025
    Days on Market:
    357
    This versatile 6,677 square foot flex building presents a compelling investment opportunity in the heart of Cheyenne, Wyoming. Located at 1620 Thomes Ave, 82001, this property boasts excellent visibility and high traffic counts due to its corner location at the intersection of Thomes and 17th Street, with convenient alley access. The main level encompasses 6,677 square feet, thoughtfully designed to accommodate a variety of commercial needs. The space includes several offices, restrooms, a showroom area, ample storage, and dedicated warehouse space, providing flexibility for diverse business operations. Adding significant potential, a 6,437 square foot unfinished basement is also included, featuring a manual utility elevator, offering substantial expansion or storage capacity. The building has been meticulously maintained and is ready for immediate occupancy. The 0.27-acre lot provides ample space for loading, parking, or future development. This property is perfect for businesses seeking a prominent location with substantial space and adaptability. Its central location and versatile layout make it an exceptional opportunity for owner-occupancy or investment. The asking price is $1,100,000.

    Property Features for 1620 Thomes Ave

    General Information

    Property type
    Flex space
    Square Feet
    6,677 SF
    Price / Square Foot
    $164
    Elevators
    N/A
    Net Rentable
    6,677 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1957
    Buildings
    1
    Stories
    2

    HighLights

    • Prime downtown Cheyenne location with high visibility and excellent traffic counts.
    • 6,677 sq ft main level flex space, ideal for diverse business needs.
    • Additional 6,437 sq ft of unfinished basement space plus alley access.
    Location Intelligence

    Current Use by Public Records

    Cheyenne Creativity Center Art Center

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    State
    Wyoming
    Longitude
    -104.819342
    Latitude
    41.13201

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    FAQs

    What type of property is this?
    Flex space - Downtown Cheyenne commercial space; ideal for diverse uses.
    Where is this flex space located?
    The property is located at 1620 Thomes Ave Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Prime downtown Cheyenne location with high visibility and excellent traffic counts.; 6,677 sq ft main level flex space, ideal for diverse business needs.; Additional 6,437 sq ft of unfinished basement space plus alley access.
    (307) 630-9342
    Request Owner's contact information
    1620 Thomes Ave Cheyenne, WY 82001
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    Realmo Value Estimation

    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.

    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.

    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
    1620 Thomes Ave Cheyenne, WY 82001
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