Retail Studio
For Sale
Contact for pricing
110 E Lincolnway #D, Cheyenne, WY 82001
Positioned beside Jimmy John's on E. Lincolnway, the space offers a downtown Cheyenne setting for a retail or studio operation.
Property Size1,200 SF
Price / SF$1.50
Days on Market676
Property Features for 110 E Lincolnway #D
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Building Details
Building Size
1,200 SF
Year Built
1918
Stories
1
Listing Agency:
Coldwell Banker, The Property Exchange
(307) 632-6481
Listed By:
Amy Surdam
(307) 421-7277
Source:
Frontierhomeandranch
Added: Dec 17, 2024
Changed: Oct 23
Last Checked: Oct 23 at 6:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker, The Property Exchange
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot retail space also suits studio use. The building dates to 1918, providing an established commercial setting for the space.
At 110 E Lincolnway #D in Cheyenne, the property sits next to Jimmy John's. The address places it along E. Lincolnway, with the adjacent business serving as a nearby point of reference.
At 110 E Lincolnway #D in Cheyenne, the property sits next to Jimmy John's. The address places it along E. Lincolnway, with the adjacent business serving as a nearby point of reference.
Key Highlights
- 1,200 square feet of retail or studio space
- At 110 E Lincolnway #D in Cheyenne, Wyoming
- Next to Jimmy John's
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,765
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,300
$275.3K
Cap Rate 7%
$196,643
$196.6K
Cap Rate 9%
$152,944
$152.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$22.3K $18.60/SF
− Vacancy
−$2.7K −$2.21/SF
EGI
$19.7K $16.39/SF
− OpEx
−$5.9K −$4.92/SF
NOI
$13.8K $11.47/SF
Area
Laramie County, WY
Vacancy
11.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,300
Cap Rate 7%
$196,643
Cap Rate 9%
$152,944
Alternative Uses
Best Use
Retail
$196.6K
$172.1K – $229.4K
NOI $13,765 @ 7.0% cap · market cap 764.72%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,298
Businesses Nearby
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Business Placement
Demographics for 82001, WY
37,528
Population
17,977
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
95%
High-School Grad
55.1 sq mi
ZIP Area
681
Density / Sq Mi
$74,149
Median Household Income
$45,456
Median Earnings
$1,044
Median Rent
$291,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Positioned beside Jimmy John's on E. Lincolnway, the space offers a downtown Cheyenne setting for a retail or studio operation.
Where is this retail space located?
The property is located at 110 E Lincolnway #D Cheyenne, WY.
What are key features of this property?
This property features: 1,200 square feet of retail or studio space; At 110 E Lincolnway #D in Cheyenne, Wyoming; Next to Jimmy John's
