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    406 8Th St Wheatland, WY 82201

    Sponsored
    For Sale
    $1,250,000

    Seven-Unit Income Property, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial investment opportunity in Wheatland, Wyoming, presents a portfolio of four strategically located buildings encompassing seven rental units. The property boasts a substantial 0.8-acre lot, offering ample space and approximately 35,000 square feet of graveled area. The buildings vary in size and construction, providing a diverse range of rental options. Two units reside within a newer, 104 x 60 foot steel structure, constructed in 2019. Another building is a 24 x 30 foot steel structure. Two additional units are housed in a 40 x 90 foot steel Quonset hut. Finally, two units occupy a 40 x 90 foot concrete block building, which underwent a complete refacing in 2019. All but one unit are currently leased, generating a strong passive income stream with long-term tenants. The property's visibility ensures easy customer access, while maintaining a degree of privacy. The total rentable square footage exceeds 14,000 square feet, making this a highly attractive investment with significant potential for future growth and returns. This turnkey operation requires minimal management, offering a compelling opportunity for investors seeking a stable and profitable venture. The asking price is $1,250,000.

    Property Features for 406 8Th St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    34,848 SF

    Building Details

    Year Built
    2018
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheatland
    County
    Platte County
    State
    Wyoming
    Longitude
    -104.9515
    Latitude
    42.05197

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    FAQs

    What type of property is this?
    Commercial real estate - Seven-Unit Income Property, Prime Location
    Where is this commercial real estate located?
    The property is located at 406 8Th St Wheatland, WY.
    What is the asking price?
    The asking price for this property is $1,250,000.
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    406 8Th St Wheatland, WY 82201
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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
    406 8Th St Wheatland, WY 82201
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