Mixed-Use Property with K9
1716 Road 124, Cheyenne, WY 82009
For Sale
$1,213,000
Commercial/Industrial, Cheyenne, WY
Property Size6,633 SF
Lot Size5.00 Acres
Price / SF$182.87
Days on Market88
Property Features for 1716 Road 124
General Information
Property type
Property subtype
Appliances
Subdivision
Standard status
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Building materials
Roof type
Listing Agency:
Century 21 Bell Real Estate · Century 21 Real Estate
(307) 635-0336
Listed By:
Tracy Wilson · License WY #2099
(307) 630-8686
Added: Aug 17
Changed: Oct 25
Last Checked: Nov 12 at 7:06PM
MLS# 101801
Copyright © 2026 Cheyenne MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 5 acres, this mixed-use property combines a commercial canine facility with a 2,536-square-foot bi-level residence. The primary operation occupies a 47' x 64' insulated, heated steel building with 38 kennels, indoor/outdoor configurations, and capacity for up to 125 dogs. Interior improvements include epoxy flooring, concrete kennel areas with integrated drainage, an office, breeding and grooming areas, a remodeled bathroom, laundry equipment, added ventilation, and a 500-gallon K9 pool with a draining mechanism.
The property also includes 8'-10' fencing, a 24/7 security system, generator, and solar system. Additional improvements consist of a 41' x 25' outbuilding, chicken coop, and pigeon coop. Included business assets and equipment include the website, computer system, portable kennels, K9 treadmill, grooming table, raised dog beds, bowls, hoses, and bite suit and sleeves. The seller is willing to assist with an agreed-upon transition period.
The property also includes 8'-10' fencing, a 24/7 security system, generator, and solar system. Additional improvements consist of a 41' x 25' outbuilding, chicken coop, and pigeon coop. Included business assets and equipment include the website, computer system, portable kennels, K9 treadmill, grooming table, raised dog beds, bowls, hoses, and bite suit and sleeves. The seller is willing to assist with an agreed-upon transition period.
Key Highlights
- 5 acres with a 2,536‑square‑foot bi‑level residence
- 47' x 64' heated, insulated steel kennel building
- 38 kennels with indoor/outdoor configurations and capacity for up to 125 dogs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,514
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,280
$930.3K
Cap Rate 7%
$664,486
$664.5K
Cap Rate 9%
$516,822
$516.8K
Market Conditions
NOI Build-Up for 6,633 SF
Gross rent
$87.6K $13.20/SF
− Vacancy
−$13.1K −$1.98/SF
EGI
$74.4K $11.22/SF
− OpEx
−$27.9K −$4.21/SF
NOI
$46.5K $7.01/SF
Area
Laramie County, WY
Vacancy
15.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,280
Cap Rate 7%
$664,486
Cap Rate 9%
$516,822
Alternative Uses
Best Use
Mixed Use
$664.5K
$581.4K – $775.2K
NOI $46,514 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.09M
$951.1K – $1.27M
NOI $76,085 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Operational canine-services facility with an on-site residence, specialized improvements, outdoor enclosures, and supporting structures.
Where is this mixed-use property located?
The property is located at 1716 Road 124 Cheyenne, WY.
What is the asking price?
The asking price for this property is $1,213,000.
What are key features of this property?
This property features: 5 acres with a 2,536‑square‑foot bi‑level residence; 47' x 64' heated, insulated steel kennel building; 38 kennels with indoor/outdoor configurations and capacity for up to 125 dogs
