Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1315 East 21St St Cheyenne, WY 82001

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($2,493 /Mo)

    Two-story office building featuring private parking and ample storage.

    Property size:
    2,493 SF
    Lot size:
    2,493 SF

    Property Features for 1315 East 21St St

    General Information

    Standard status
    Active
    Size
    2,493 SF

    We can help!

    Listing Contact
    Steve Stoecker
    Source: Cbre

    Listing Agent: Steve Stoecker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Space with Private Parking

    This two-story office building offers convenient access to I-180 and Highway 30. The property features three offices, a full kitchen, and a bathroom. Ample storage space and private parking are available. The lease expiration date is April 25, 2024, and the property is available immediately. The building has a total size of 2493 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.8028731
    Latitude
    41.1426377

    Nearby Similar for Lease

    • New
      Contact for pricing
      6,000 SF

      Cheyenne Office Space For Lease

      Office space with bright offices and conference room available for lease.
      813 E Lincolnway, Cheyenne, WY 82001
      View Details
    • New
      Contact for pricing
      2,060 SF

      Office Space in College Business Park

      2060 SF office space with open floor plan.
      4016 Laramie St, Cheyenne, WY 82009
      View Details
    • Contact for pricing
      1,880 SF

      Prime Cheyenne Office/Retail Space

      Highly visible space on Dell Range Corridor, suitable for various businesses.
      4620 Grandview Ave, Cheyenne, WY 82009
      View Details
    • New
      Contact for pricing
      1,049 SF

      Downtown Cheyenne Office Space Rental

      Charming downtown office space with versatile rooms for lease.
      1902 Thomes Ave, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      570 SF

      Downtown Cheyenne Office Space Available

      Office space with reception area and three separate offices.
      1902 Thomes Ave, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      5,210 SF

      Cheyenne Commercial Warehouse and Office Space

      Class-A commercial warehouse and office space with convenient interstate access.
      8610 Trucker Trl, Cheyenne, WY 82007
      View Details
    • Contact for pricing
      120 SF

      Prime Cheyenne Office Space Available

      Exceptional commercial office space in the heart of downtown Cheyenne.
      204 W 18Th St, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      1,254 SF

      Prime Downtown Cheyenne Office Space

      High-visibility office space in the heart of Cheyenne's business district.
      1804 Capitol Ave, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      1,938 SF

      Medical Office Building For Lease

      Medical office space available for lease in Cheyenne, Wyoming.
      1950 Bluegrass Cir, Cheyenne, WY 82009
      View Details
    • New
      Contact for pricing
      25,000 SF

      Health & Wellness Suite in Gym

      Private suite with gym access for health and wellness professionals.
      1612 E Pershing Blvd, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      5,820 SF

      Cheyenne Office Space For Lease

      Open-concept office space in Airport Parkway Building, Cheyenne, Wyoming.
      1401 Airport Pkwy, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      12,000 SF

      Cheyenne Warehouse with Secured Area

      12,000 SF warehouse with office space and secured fenced area.
      2530 Old Happy Jack Rd, Cheyenne, WY 82001
      View Details

    FAQs

    What type of property is this?
    Office units - Two-story office building featuring private parking and ample storage.
    Where is this office units located?
    The property is located at 1315 East 21St St Cheyenne, WY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Available immediately; - Easy access to I-180 and Hwy 30; - Full kitchen and bathroom
    (970) 372-3858
    Request Owner's contact information
    1315 East 21St St Cheyenne, WY 82001
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1315 East 21St St
    Cheyenne, WY 82001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1315 East 21St St Cheyenne, WY 82001
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steve Stoecker
    (970) 372-3858 (970) 372-3859
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!