Office Suite with Garage
For Sale
Contact for pricing
106 E Lincolnway #310, Cheyenne, WY 82001
A full-service office setting includes a kitchen, conference room, and reception area.
Property Size4,256 SF
Price / SF$0.19
Days on Market648
Property Features for 106 E Lincolnway #310
General Information
Standard status
Active
Size
4,256 SF
Class
Class A
Total Parking Spaces
6
Property subtype
Commercial
Occupancy
90%
Additional Details
Office Units
10
Tenant in Place
Yes
Property Use
Office
Amenities
kitchen
conference room
reception area
hardwood floors
fully ADA accessible
Building Details
Building Size
4,256 SF
Year Built
1911
Stories
4
Tenancy
Multi
Listing Agency:
Coldwell Banker, The Property Exchange
(307) 632-6481
Listed By:
Amy Surdam
(307) 421-7277
Source:
Frontierhomeandranch
Added: Jan 14, 2025
Changed: Oct 23
Last Checked: Oct 23 at 4:55PM
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 Coldwell Banker, The Property Exchange
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Investment Insights
Based on property information with market context.
This 4,256-square-foot office property contains 10 large offices, each with windows overlooking the Depot. Hardwood floors, a kitchen, conference room, and reception area round out the interior. The building dates to 1911 and is fully ADA accessible.
Nine of the 10 offices are leased, leaving one available. The lease is full service, with garage parking available as an option. The property is at 106 E Lincolnway, Suite 310, in Cheyenne.
Nine of the 10 offices are leased, leaving one available. The lease is full service, with garage parking available as an option. The property is at 106 E Lincolnway, Suite 310, in Cheyenne.
Key Highlights
- 10 large offices; 9 of 10 are leased, with one office available
- 4,256 square feet in a building constructed in 1911
- Private garage parking is available as an option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,711
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,220
$434.2K
Cap Rate 7%
$310,157
$310.2K
Cap Rate 9%
$241,233
$241.2K
Market Conditions
NOI Build-Up for 4,256 SF
Gross rent
$34.2K $8.04/SF
− Vacancy
−$5.3K −$1.24/SF
EGI
$28.9K $6.80/SF
− OpEx
−$7.2K −$1.70/SF
NOI
$21.7K $5.10/SF
Area
Laramie County, WY
Vacancy
15.40%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,220
Cap Rate 7%
$310,157
Cap Rate 9%
$241,233
Alternative Uses
Best Use
Office B
$310.2K
$271.4K – $361.9K
NOI $21,711 @ 7.0% cap · market cap 2,713.88%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$697.4K
$610.2K – $813.7K
NOI $48,819 @ 7.0% cap · market cap 6,102.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
10
Office units
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,298
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A full-service office setting includes a kitchen, conference room, and reception area.
Where is this office unit located?
The property is located at 106 E Lincolnway #310 Cheyenne, WY.
What are key features of this property?
This property features: 10 large offices; 9 of 10 are leased, with one office available; 4,256 square feet in a building constructed in 1911; Private garage parking is available as an option
