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    460 University Ave Laramie, WY 82070

    Sponsored
    For Sale
    $1,350,000

    Laramie, WY: Multi-Building Investment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 460 W University Ave in Laramie, Wyoming, presents a unique investment opportunity. Spanning 2.87 acres, the site comprises four distinct buildings offering diverse income streams and significant expansion potential. The centerpiece is a substantial 16,212 square foot main building, constructed in 1900, featuring a 5,000 square foot mezzanine. This building boasts a versatile layout including a reception/office area, a fully equipped welding shop, a carpentry shop, a paint booth, and a spacious warehouse facility. Adding to the property's income potential are two additional buildings, constructed in 1947 (5,360 square feet) and 1949 (4,600 square feet), which have been successfully converted into ten (10) 19x20 foot storage units. There's ample room for further development of additional storage units on the existing site. A fourth building, a 1,680 square foot Quonset hut built in 1940, completes the property's diverse portfolio. The entire complex is currently available for lease at a rate of $3.75 per square foot, triple net (NNN). This property offers a compelling blend of established income generation, versatile space, and significant future development possibilities, making it an attractive investment in a thriving Laramie location. The property's size and diverse building types provide a strong foundation for long-term growth and profitability.

    Property Features for 460 University Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    125,017 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Laramie
    County
    Albany County
    State
    Wyoming
    Longitude
    -105.6016
    Latitude
    41.31339

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    FAQs

    What type of property is this?
    Commercial real estate - Laramie, WY: Multi-Building Investment
    Where is this commercial real estate located?
    The property is located at 460 University Ave Laramie, WY.
    What is the asking price?
    The asking price for this property is $1,350,000.
    Request Owner's contact information
    460 University Ave Laramie, WY 82070
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    Laramie, WY 82070
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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
    460 University Ave Laramie, WY 82070
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