Apartment Building For
For Sale
$1,850,000
Pending
1103 Old Town Ln Unit 201, Cheyenne, WY 82009
Apartment building available for sale in Cheyenne, Wyoming, offering residential income-focused ownership.
Property Size8,177 SF
Days on Market174
Property Features for 1103 Old Town Ln Unit 201
General Information
Standard status
Pending
Size
8,177 SF
Property subtype
Commercial
Building Details
Year Built
2008
Listing Agency:
Coldwell Banker, The Property Exchange
Listed By:
Ben Trautwein · License #11590
(307) 286-7112
Source:
Cheyennehomesource
Added: Apr 23
Changed: Oct 1
Last Checked: Oct 12 at 7:46PM
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
Investment Insights
Based on property information with market context.
This offering is an apartment building with approximately 8,177 square feet of residential space, presented for sale as a multifamily property. The available information does not break out unit count or interior configuration, so prospective buyers should plan to confirm layout, finishes, and any existing income details during diligence.
Located in Cheyenne, Wyoming, the property is listed at 1103 Old Town Ln, Unit 201. Additional specifics regarding site access, frontage, and surrounding commercial context are not provided in the current materials, so buyers may need to review the property and local details directly.
As a residential income asset, this building may appeal to buyers seeking a multifamily ownership position in Cheyenne. Given the limited provided detail, evaluating the condition of the building, verifying current or historical rent potential, and confirming all operating and compliance considerations will be important next steps. Buyers and their representatives should use the listing as a starting point and request full offering documentation to understand the property’s performance, expenses, and any constraints before making a decision.
Located in Cheyenne, Wyoming, the property is listed at 1103 Old Town Ln, Unit 201. Additional specifics regarding site access, frontage, and surrounding commercial context are not provided in the current materials, so buyers may need to review the property and local details directly.
As a residential income asset, this building may appeal to buyers seeking a multifamily ownership position in Cheyenne. Given the limited provided detail, evaluating the condition of the building, verifying current or historical rent potential, and confirming all operating and compliance considerations will be important next steps. Buyers and their representatives should use the listing as a starting point and request full offering documentation to understand the property’s performance, expenses, and any constraints before making a decision.
Key Highlights
- Apartment building for sale in Cheyenne, Wyoming
- 8,177 SF apartment building
- Built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,967
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,499,340
$1.5M
Cap Rate 7%
$1,070,957
$1.1M
Cap Rate 9%
$832,967
$833.0K
Market Conditions
NOI Build-Up for 8,177 SF
Gross rent
$142.3K $17.40/SF
− Vacancy
−$6.0K −$0.73/SF
EGI
$136.3K $16.67/SF
− OpEx
−$61.3K −$7.50/SF
NOI
$75.0K $9.17/SF
Area
Laramie County, WY
Vacancy
4.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,499,340
Cap Rate 7%
$1,070,957
Cap Rate 9%
$832,967
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$937.1K – $1.25M
NOI $74,967 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.34M
$1.17M – $1.56M
NOI $93,795 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 82009, WY
35,700
Population
15,361
Households
2.3
Avg Household Size
44
Median Age
41%
College-Educated
96%
High-School Grad
1,277.8 sq mi
ZIP Area
28
Density / Sq Mi
$102,727
Median Household Income
$57,157
Median Earnings
$1,106
Median Rent
$415,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building available for sale in Cheyenne, Wyoming, offering residential income-focused ownership.
Where is this apartment building located?
The property is located at 1103 Old Town Ln Unit 201 Cheyenne, WY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Apartment building for sale in Cheyenne, Wyoming; 8,177 SF apartment building; Built in 2008
