Add Listing
    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

    1806 East Cedar Street Rawlins, WY 82301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $875,000

    32 keys Hotel, sprawls across 1.08 acres and offers 11,800 SQFT of rustic allure

    Property size:
    11,800 SF
    Lot size:
    1.08 Acres
    Added:
    Jan 15, 2025
    Days on Market:
    459
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 1806 East Cedar Street

    General Information

    Standard status
    Active
    Property type
    Hotels, Other hospitality properties, Other residential income properties, Hospitality properties, Residential income properties
    Size
    11,800 SF
    Elevators
    N/A
    Lot size
    1.08 Acres

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    2
    Units
    32

    We can help!

    Listing Contact
    Sheri Osborne

    Listing agent Sheri

    Listing office

    Listing date Jan 15, 2025

    Overview

    Wyoming Hotel with 32 Keys

    This 11,800 square foot hotel is located in Rawlins, Wyoming. The property features 32 keys and is situated on a 1.08-acre lot, offering space for potential expansion or development. The lodge's rustic charm creates a captivating atmosphere, ideal for travelers. Its location provides convenient access to the interstate, ensuring high visibility and easy accessibility for guests. The town of Rawlins adds to the property's appeal. The property's size and existing infrastructure provide a solid foundation for a hospitality business. The 32-unit capacity allows for revenue generation, while the land provides room for future growth. The property is located on East Cedar Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rawlins Western Lodge Hotel & Motel Rawlins Rentals Hotel & Motel Key Motel Hotel & Motel

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Rawlins
    County
    Fremont
    State
    Wyoming
    Longitude
    -107.217174
    Latitude
    41.790942

    Nearby Similar for Sale

    • $487,200
      24,360 SF

      Rawlins Downtown Repurposing Opportunity

      Versatile downtown property in Rawlins, Wyoming, suitable for repurposing.
      501 W Pine St, Rawlins, WY
      View Details
    • $925,000

      48-Room Hotel Along I-80

      Two-story franchised economy hotel with high visibility and traffic.
      1904 East Cedar Street, Rawlins, WY 82301
      View Details
    • $550,000
      3,000 SF

      Rawlins Commercial Property For Sale

      3000 sqft commercial property in Rawlins, Wyoming.
      309 Cedar, Rawlins, WY 82301
      View Details
    • $450,000
      3,394 SF

      Retail

      1800 E Cedar St, Rawlins, WY 82301
      View Details
    • $649,000
      2 SF

      Retail Property for Sale

      Retail property available for sale in Rawlins, Wyoming.
      2351 W Spruce St Rawlins, WY 82301, WY 82301
      View Details
    • $485,000
      10,533 SF

      10,533 SF Rawlins Motor Inn & Land!

      28-room hotel with land in Rawlins, Wyoming. Investment opportunity.
      905 West Spruce Street, Rawlins, WY 82301
      View Details
    • $15,500,000

      Portfolio of Five Mobile Home Parks

      Mobile home park portfolio with significant upside potential.
      Rawlins, WY USA, Rawlins, WY 82301
      View Details

    FAQs

    What type of property is this?
    Hotel - 32 keys Hotel, sprawls across 1.08 acres and offers 11,800 SQFT of rustic allure
    Where is this hotel located?
    The property is located at 1806 East Cedar Street Rawlins, WY.
    What is the asking price?
    The asking price for this property is $875,000.
    (801) 884-8816
    We can help!
    Listing Contact
    Sheri Osborne
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!