1803 Capitol Ave Cheyenne, WY 82001
Landmark downtown building with on-site parking and investment potential.
Property Features for 1803 Capitol Ave
General Information
- Standard status
- Active
- Size
- 24,983 SF
- Property subtype
- Office, Mixed Use, Special Purpose
Building Details
- Year Built
- 1928
Listing office Coldwell Banker | The Property Exchange
Listing date May 26, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker | The Property Exchange
Investment Insights
Based on property information with market context.
Key Highlights
- Rare downtown Cheyenne mixed‑use office building with dedicated on‑site parking.
- Strong in‑place income with high occupancy and upside potential.
- Historic building (built in 1928) with extensive modern updates and renovations.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $329.8k | $13.20 |
| − Vacancy | −$49.5k | −$1.98 |
| EGI | $280.3k | $11.22 |
| − OpEx | −$105.1k | −$4.21 |
| NOI | $175.2k | $7.01 |
