Industrial Buildings For
For Sale
$2,000,000
4390 I80 Service Rd, Cheyenne, WY 82009
Two industrial buildings available for sale or lease.
Property Size26,028 SF
Price / SF$76.84
Days on Market807
Property Features for 4390 I80 Service Rd
General Information
Standard status
Active
Size
26,028 SF
Taxes and HOA fees
Annual Taxes
$3,800
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Jim Weaver · License #10624
(307) 630-5161
Source:
Exprealty
Added: Aug 2, 2024
Changed: Oct 8
Last Checked: Oct 16 at 11:48AM
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 #1 Properties
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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.
The property features two buildings, one measuring 18,000 square feet and the other 8,000 square feet. The larger building includes a 75 x 20 large door access located on the east side. The property is also available for lease. The property size is 26,028 square feet.
Key Highlights
- Two buildings totaling 26,000 sq ft (18,000 sq ft and 8,000 sq ft)
- Large 75 x 20 door access on the east side of the larger building
- Suitable for purchase or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,521
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,590,420
$3.6M
Cap Rate 7%
$2,564,586
$2.6M
Cap Rate 9%
$1,994,678
$2.0M
Market Conditions
NOI Build-Up for 26,028 SF
Gross rent
$262.4K $10.08/SF
− Vacancy
−$51.2K −$1.97/SF
EGI
$211.2K $8.11/SF
− OpEx
−$31.7K −$1.22/SF
NOI
$179.5K $6.90/SF
Area
Laramie County, WY
Vacancy
19.50%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,590,420
Cap Rate 7%
$2,564,586
Cap Rate 9%
$1,994,678
Alternative Uses
Best Use
Warehouse
$2.56M
$2.24M – $2.99M
NOI $179,521 @ 7.0% cap · market cap 8.98%
Second Best
Industrial
$2.11M
$1.85M – $2.46M
NOI $147,841 @ 7.0% cap · market cap 7.39%
Theoretical Best
Retail
$4.27M
$3.73M – $4.98M
NOI $298,557 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings available for sale or lease.
Where is this warehouse located?
The property is located at 4390 I80 Service Rd Cheyenne, WY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two buildings totaling 26,000 sq ft (18,000 sq ft and 8,000 sq ft); Large 75 x 20 door access on the east side of the larger building; Suitable for purchase or lease
