Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1683 Blues Dr Cheyenne, WY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Exclusive offering memorandum for prospective purchasers.

    Lot size:
    6.58 Acres
    Added:
    Aug 26, 2025
    Days on Market:
    248
    Last Refresh:
    Apr 5 at 10:44 pm

    Property Features for 1683 Blues Dr

    General Information

    Standard status
    Active
    Lot size
    6.58 Acres

    We can help!

    Listing Contact
    Jack Chunko

    Listing agent Jack Chunko

    Listing office WayPoint Real Estate

    Listing date Aug 26, 2025

    Source Moodyscre

    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 WayPoint Real Estate

    Overview

    Confidential Investment Opportunity

    This confidential offering memorandum contains exclusive and strictly confidential information. It is intended for prospective purchasers and provides summary, unverified information to establish a preliminary level of interest in the subject property. The information within is not a substitute for thorough due diligence. Waypoint Real Estate, LLC has not made any investigation and makes no warranty or representation regarding income, expenses, future financial improvements, the presence of contaminating substances, PCBs, asbestos, compliance with regulations, the physical condition of improvements, or the financial condition, business prospects, plans, or intentions of any tenant to continue occupancy. Potential buyers are responsible for verifying all information set forth herein, as the information has been obtained from sources believed to be reliable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small Miracles Daycare Center

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hair Salon Gym & Fitness Center Kitchen & Bath Showroom Accounting Firm Storage Facility Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.828
    Latitude
    41.1036

    Nearby Similar for Sale

    • $1,999,900
      7,856 SF

      Profitable Commercial Property in Cheyenne

      Well-maintained commercial property with long-term tenants and high visibility.
      1900 CONVERSE AVE, Cheyenne, WY 82001
      View Details
    • $2,844,000
      14,100 SF

      Versatile Commercial Building in Cheyenne

      Multi-functional commercial building in a high-visibility location.
      6725 FAITH DR, Cheyenne, WY 82009
      View Details
    • $450,000
      3,293 SF

      Established Tanning Salon Business Opportunity

      Turn-key tanning salon business with long-term lease in Cheyenne, WY.
      1900 CONVERSE AVE, Cheyenne, WY 82001
      View Details
    • $635,000
      2,976 SF

      Cheyenne Commercial Property with Car Storage

      High-visibility Cheyenne property with gated car storage and workspace.
      803 W LINCOLNWAY, Cheyenne, WY 82001
      View Details
    • $916,555

      Cheyenne Ranch Style Home

      New home with high-end finishes and a large garage.
      8205 MISTY MOUNTAIN RD, Cheyenne, WY 82009
      View Details
    • $590,000

      Updated Ranch-Style Home on Acreage

      Modern luxury meets country charm on 2.5 acres.
      1319 TERRY RANCH RD, Cheyenne, WY 82007
      View Details
    • $799,000

      Cheyenne Ranch with Outbuilding/Shop

      Spacious Cheyenne home on 2.83 acres with shop.
      1697 RUGER DR, Cheyenne, WY 82007
      View Details
    • $469,000

      Cheyenne Ranch with Detached Shop

      Move-in ready 3-bedroom ranch on 1.8 acres with shop.
      3305 MCKINLEY AVE, Cheyenne, WY 82001
      View Details
    • $849,000

      Cheyenne Ranch with Modern Farmhouse

      Custom-built home on 8.38 acres with luxury finishes.
      1650 NORTH RIDGE DR, Cheyenne, WY 82009
      View Details
    • $540,000

      Wyoming Ranch on 8.32 Acres

      Rural property with cabin, sheds, barn, and generator on 8.32 acres.
      709 VALLEY VIEW DR, Cheyenne, WY 82009
      View Details
    • $715,000

      Cheyenne Ranch Home on 5 Acres

      Custom-built home on 5 acres near FE Warren Air Force Base.
      8632 FOXHAVEN LN, Cheyenne, WY 82009
      View Details
    • $640,000

      Updated Home on Private Acres

      Modern home on 3.46 acres near downtown Cheyenne.
      6812 LINE COURT, Cheyenne, WY 82007
      View Details

    FAQs

    What type of property is this?
    Specialty property - Exclusive offering memorandum for prospective purchasers.
    Where is this specialty property located?
    The property is located at 1683 Blues Dr Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $32,000,000.
    What are key features of this property?
    This property features: The property information is provided for preliminary interest only.; Waypoint Real Estate, LLC has not verified the information.; Buyers are responsible for their own due diligence.
    (970) 632-5050 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jack Chunko
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!