Retail Investment Opportunity on
For Sale
$1,950,000
1625 Dell Range Blvd, Cheyenne, WY 82009
Established retail businesses on Dell Range Blvd for sale.
Property Size7,760 SF
Price / SF$251.29
Days on Market266
Property Features for 1625 Dell Range Blvd
General Information
Standard status
Active
Size
7,760 SF
Property subtype
Commercial
Building Details
Year Built
1993
Listing Agency:
#1 Properties
Listed By:
Jim Weaver · License #10624
(307) 630-5161
Source:
Cheyennehomesource
Added: Jan 20
Changed: Oct 1
Last Checked: Oct 12 at 7:46PM
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
Investment Insights
Based on property information with market context.
This commercial property presents an investment opportunity with established businesses that have been operating for over 30 years. The property is located along Dell Range Blvd, which sees over 30,000 average daily traffic. The property has approximately 7,760 square feet of space. The current capitalization rate, based on the asking price, is approximately 6.8%. There are potentially nine years remaining on both absolute triple net leases.
Key Highlights
- Established businesses in place for over 30 years.
- Approximately 6.8% CAP rate utilizing current asking price.
- Potentially nine years left in absolute triple net leases.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,012
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,240
$1.8M
Cap Rate 7%
$1,271,600
$1.3M
Cap Rate 9%
$989,022
$989.0K
Market Conditions
NOI Build-Up for 7,760 SF
Gross rent
$144.3K $18.60/SF
− Vacancy
−$17.2K −$2.21/SF
EGI
$127.2K $16.39/SF
− OpEx
−$38.1K −$4.92/SF
NOI
$89.0K $11.47/SF
Area
Laramie County, WY
Vacancy
11.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,240
Cap Rate 7%
$1,271,600
Cap Rate 9%
$989,022
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $89,012 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Established retail businesses on Dell Range Blvd for sale.
Where is this strip mall located?
The property is located at 1625 Dell Range Blvd Cheyenne, WY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Established businesses in place for over 30 years.; Approximately 6.8% CAP rate utilizing current asking price.; Potentially nine years left in absolute triple net leases.
