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Multi-Story Office Building with Parking
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2515 Warren Avenue, Cheyenne, WY 82001

Five-story office building with enclosed parking for 118 vehicles and large, efficient floor plates.

Property Size59,261 SF
Days on Market136

Property Features for 2515 Warren Avenue

General Information

Standard status Active
Size 59,261 SF
Total Parking Spaces 118
Property subtype Office
Occupancy 100%

Additional Details

Cap Rate 7.75%
Office Units 7

Building Details

Stories 5
Tenancy Multi
Listing Agency: Precept Properties LLC
Listed By: Stephen Greenlee · License #WY 1654
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 3:34AM

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 Precept Properties LLC

Investment Insights

Based on property information with market context.

The Hansen Building is a five-story professional office property with enclosed parking on the first two floors for 118 vehicles. The top three floors provide office space, supported by roughly 20,000-square-foot floor plates designed for efficient tenant space utilization.

The building has 7 tenants across 59,261 square feet of net rentable space. The State of Wyoming occupies the entire 3rd floor, Holland & Hart occupies the entire 4th floor, and Hathaway & Kunz occupies half of the 5th floor, with the remaining half of the 5th floor occupied by four other tenants.

Lease occupancy has been stable over the long term, with about 14% of total building space turning over during the last 20 years and limited near-term rollover activity described for the major tenants.

Key Highlights

  • Five‑story office building in Cheyenne with 59,261 SF of net rentable space
  • Virtually fully occupied for the last 20 years, with only 14% of total space turnover during that timeframe
  • First two floors provide enclosed parking for 118 vehicles

Property Analytics

Current Use

Hathaway & Kunz PC ... Law Firm Pari-Mutuel Commission Atm Kaufman Matthew D Law Firm Public Service Commission State Government Office Rosenthal, Michael Law Firm

Suggested Use

Top Pick HVAC Service Storage Facility Grocery & Convenience Store Florist Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,174
Businesses Nearby

Demographics for 82001, WY

37,528
Population
17,977
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
95%
High-School Grad
55.1 sq mi
ZIP Area
681
Density / Sq Mi
$74,149
Median Household Income
$45,456
Median Earnings
$1,044
Median Rent
$291,400
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Five-story office building with enclosed parking for 118 vehicles and large, efficient floor plates.
Where is this office building located?
The property is located at 2515 Warren Avenue Cheyenne, WY.
What are key features of this property?
This property features: Five‑story office building in Cheyenne with 59,261 SF of net rentable space; Virtually fully occupied for the last 20 years, with only 14% of total space turnover during that timeframe; First two floors provide enclosed parking for 118 vehicles
More about this property
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