Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    512 W College Dr Cheyenne, WY 82007

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $220,000

    Commercial opportunity on Cheyenne's bustling College Drive.

    Property size:
    2,336 SF
    Lot size:
    0.24 Acres

    Property Features for 512 W College Dr

    General Information

    Size
    2,336 SF
    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    Mariah Jeffery
    Mariah Jeffery
    Source: Moodyscre

    Listing Agent: Mariah Jeffery

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

    Learn more

    Property Insight Report

    Overview

    Autobody Shop on College Drive

    Located at 512 W College Drive in Cheyenne, Wyoming, this commercial property offers a 0.25-acre parcel improved with an autobody paint shop. The property is situated on College Drive, which experiences traffic counts exceeding 12,000 vehicles daily, providing significant visibility and frontage. This south-side location is positioned near both residential and commercial areas, ensuring consistent traffic and demand. The property contains 2,336 square feet and is suitable for an owner-user or an investor seeking income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jack's Auto Body ... Auto Body Shop

    Suggested Use

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

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

    Similar Places Nearby

    J & H Towing & Recovery, LLC, Schone Cycles

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.806325
    Latitude
    41.1026182

    Nearby Similar for Sale

    • $1,345,000
      4.89 Acres

      Custom Ranch with Horse Barn

      Newer ranch-style home on 4.89 acres with horse facilities.
      1688 Espen Trl, Cheyenne, WY 82009
      View Details
    • New
      $799,900
      1,962 SF

      Cheyenne Ranch with Custom Features

      Custom-built ranch home on 5.14 acres with many unique features.
      3401 Hales Ranch Rd, Cheyenne, WY 82007
      View Details
    • $998,000
      2.50 Acres

      Cheyenne Dream Home on Acreage

      Elegantly designed home on 2.5 acres with high-end upgrades.
      6758 Spencer Dr, Cheyenne, WY 82007
      View Details
    • New
      $570,000
      5.10 Acres

      Cheyenne Home on Fenced Acreage

      Spacious 4-bedroom home on 5.1 acres near Cheyenne, Wyoming.
      1532 Skyway Ave, Cheyenne, WY 82009
      View Details
    • $745,000
      4.84 Acres

      Cheyenne Ranch-Style Retreat on Acreage

      Spacious 5-bedroom ranch on 4.84 acres near Cheyenne.
      11107 Stadel Rd, Cheyenne, WY 82009
      View Details
    • $956,921
      4.96 Acres

      Luxury Home with Four-Car Garage

      Refined living in Cheyenne, featuring a chef’s kitchen and bonus room.
      Tbd 3 Dots Trl, Cheyenne, WY 82009
      View Details
    • New
      $750,000
      5.88 Acres

      New Ranch-Style Home on Acreage

      New ranch home on 5.88 acres with mountain views.
      11008 Telephone Rd, Cheyenne, WY 82009
      View Details
    • $1,299,000
      5.91 Acres

      Cheyenne Ranch with RV Garage

      New construction home on 6 acres with RV garage.
      2593 Mccrae Rd, Cheyenne, WY 82009
      View Details
    • $767,500
      4.41 Acres

      Cheyenne Ranch Style Home

      Three-year-old ranch home with upgrades, landscaping, and a finished garage.
      6424 Blue Roan Rd, Cheyenne, WY 82007
      View Details
    • $950,000
      7,000 SF

      Spacious Cheyenne Home on Acreage

      7,000sf home on 3.45 acres with accessibility features.
      714 E Ole Maverick Rd, Cheyenne, WY 82009
      View Details
    • New
      $765,000
      4.99 Acres

      Cheyenne Ranch Home on Acreage

      Stunning 2021-built home on 4.99 acres in Yellowstone Estates.
      2395 Old Faithful Way, Cheyenne, WY 82009
      View Details
    • $597,900
      10.47 Acres

      New Ranch Home on Acreage

      New ranch-style home on 10 acres near Cheyenne.
      2168 Pony Ct, Cheyenne, WY 82009
      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial opportunity on Cheyenne's bustling College Drive.
    Where is this auto shop located?
    The property is located at 512 W College Dr Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Prime commercial location on Cheyenne's bustling College Drive.; - High visibility and frontage with traffic counts over 12,000 daily.; - Ideal for owner-user or investor.
    (307) 316-2239
    Request Owner's contact information
    512 W College Dr Cheyenne, WY 82007
    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.
    512 W College Dr
    Cheyenne, WY 82007
    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
    512 W College Dr Cheyenne, WY 82007
    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
    Mariah Jeffery
    Mariah Jeffery
    Real Estate License ID: RE-16311
    (307) 316-2239
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.