Office-Retail Flex
1904 E 15th St Cheyenne, WY 82001
1904 E 15th St, Cheyenne, WY, 82001
Contact for pricing
For Sale
Contact for pricing
Versatile 3,200 SF building with an open floor plan, individual offices, a bank vault, and private paved parking.
Property Size3,200 SF
Price / SF$154.69
Days on Market383
Property Features for 1904 E 15th St
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- RETAIL
Listing agency
Coldwell Banker Commercial | The Property Exchange
(307) 214-7050
Listed by
Lexi Leckemby · License #RE-16148
(307) 214-7050
Source
Moodyscre
Added: Jul 4, 2025 Updated: Jul 21 at 7:43AM Checked: Jul 21 at 7:43AM
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 Commercial | The Property Exchange
Investment Insights
Based on property information with market context.
This commercial building offers 3,200 square feet of versatile interior space that can support office, retail, or flex uses. The layout includes a large open floor plan along with individual offices, and it features a fully functioning bank vault. A private paved parking lot is included, providing convenient on-site parking for occupants and visitors.
The property is located within minutes of Downtown Cheyenne. Its combination of flexible interior configuration and dedicated parking makes it a practical fit for owner users and investors seeking a multi-use commercial asset.
The building’s current improvements include an open work area, multiple private offices, and a dedicated vault space, supported by a private paved parking area.
The property is located within minutes of Downtown Cheyenne. Its combination of flexible interior configuration and dedicated parking makes it a practical fit for owner users and investors seeking a multi-use commercial asset.
The building’s current improvements include an open work area, multiple private offices, and a dedicated vault space, supported by a private paved parking area.
Key Highlights
- 3,200 SF versatile commercial building with an open floor plan for office, retail, or flex use
- Includes individual offices in addition to the large open space
- Fully functioning bank vault on site
Local Financial Insights For Retail
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 | $59.5k | $18.60 |
| − Vacancy | −$7.1k | −$2.21 |
| EGI | $52.4k | $16.39 |
| − OpEx | −$15.7k | −$4.92 |
| NOI | $36.7k | $11.47 |
3,200 SF · lease $18.60/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$524.4K
$458.8K – $611.8K
NOI $36,706 @ 7.0% cap · market cap 7.42%
Second Best
Industrial
$259.7K
$227.2K – $302.9K
NOI $18,176 @ 7.0% cap · market cap 3.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
PeachTree Preschool
High School
Similar For Sale Nearby
Similar Off Market Nearby
- Clean Eatz — 2320 Chestnut Dr #400, Cheyenne, WY 82001
FAQs
What type of property is this?
Flex space - Versatile 3,200 SF building with an open floor plan, individual offices, a bank vault, and private paved parking.
Where is this flex space located?
The property is located at 1904 E 15th St Cheyenne, WY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3,200 SF versatile commercial building with an open floor plan for office, retail, or flex use; Includes individual offices in addition to the large open space; Fully functioning bank vault on site
