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    Flex Warehouse with Rail Spur Access Title is generated by Realmo AI

    117 HIGHWAY 30, Pine Bluffs, WY 82082

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    For Sale
    $288,000

    COMMERCIAL - Pine Bluffs, WY

    Property size:
    18,095 SF
    Lot size:
    1.51 Acres
    Price / SF:
    $15/SF
    Added:
    Jan 21, 2026
    Days on Market:
    133
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 117 HIGHWAY 30

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Appliances
    Building
    Standard status
    Active
    Size
    18,095 SF
    Lot size
    1.51 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    See addendum

    Building Details

    Year built
    2004
    Building materials
    Steel
    Roof type
    Metal

    We can help!

    Listing Contact
    Cliff Ferree
    Cliff Ferree

    Listing agent Cliff Ferree License #20220567

    Listing office #1 Properties 6106 Yellowstone Rd, Cheyenne, WY

    Listing date Jan 21, 2026

    MLS# 99596

    Copyright © 2026 Cheyenne Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 18,000+ SF steel building on 1.51 acres of railroad lease land, built in 2004
    • Two building sections connected by a 14' x 16' automatic garage door
    • Front section: 60' W x 200' L x 24' H with automatic 14' x 16' garage door, man door, 2 bathrooms, and 3 office areas plus mini‑split heat/AC
    • Second section: 60' W x 100' L with 40' sidewalls and 46' peak height; access via a 16' x 20' automatic rollup door
    • Shop utilities include 3‑phase power and natural gas heaters for the shop area
    • Rail spur access; seller will pre‑pay two years of the UP land lease with an acceptable offer

    Overview

    The property is a flex-style warehouse totaling over 18,000 square feet, arranged in two connected sections with a 14' x 16' automatic garage door between them. One side offers a 60' W x 200' L x 24' H configuration and includes a 14' x 16' automatic garage door plus a man door, two bathrooms, and three office areas. That office/shop area is served by mini-split heat and AC. The second side measures 60' W x 100' L, with 40' sidewalls and a 46' peak height, and provides access via a 16' x 20' automatic rollup door.

    Set on 1.51 acres of railroad lease land, the building also features three-phase power and natural gas heaters for the shop area. Rail spur access is included. The seller is willing to pre-pay two years of the UP land lease with an acceptable offer.

    This layout suits tenants or operators needing both shop and office components in one facility, along with multiple access points and clear separation between the two warehouse sections. Rail spur access may benefit users that require rail-adjacent logistics or loading flexibility in their operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Auto Repair Shop Hair Salon Spa & Massage Center Dental Office Big Box & Wholesale Store Hotel & Motel Auto Parts Store Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Pine Bluffs
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.075688
    Latitude
    41.178289

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    FAQs

    What type of property is this?
    Flex space - Warehouse and office space with rail spur access, multiple doors, and utilities including three-phase power and natural gas heaters.
    Where is this flex space located?
    The property is located at 117 HIGHWAY 30 Pine Bluffs, WY.
    What is the asking price?
    The asking price for this property is $288,000.
    What are key features of this property?
    This property features: 18,000+ SF steel building on 1.51 acres of railroad lease land, built in 2004; Two building sections connected by a 14' x 16' automatic garage door; Front section: 60' W x 200' L x 24' H with automatic 14' x 16' garage door, man door, 2 bathrooms, and 3 office areas plus mini‑split heat/AC
    (307) 286-5207
    We can help!
    Listing Contact
    Cliff Ferree
    Cliff Ferree
    Real Estate License ID: 20220567
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    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.

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