New Commercial Warehouse on
For Sale
Contact for pricing
Pending
1905 Fox Farm Rd, Cheyenne, WY 82007
New 9,800 SF commercial warehouse with high visibility.
Property Size9,800 SF
Lot Size3.61 Acres
Days on Market196
Property Features for 1905 Fox Farm Rd
General Information
Standard status
Pending
Size
9,800 SF
Lot size
3.61 Acres
Property subtype
Special Purpose
Listing Agency:
Coldwell Banker | The Property Exchange
(307) 287-8230
Listed By:
Tanya Keller · License #WY 12868
Source:
Crexi
Added: Feb 7
Changed: Aug 8
Last Checked: Jul 24 at 6:32PM
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 | The Property Exchange
Investment Insights
Based on property information with market context.
This new 9,800 sq. ft. commercial warehouse is located at the corner of East FoxFarm Road and Energy Drive. It features four 14-foot overhead doors. The interior includes two offices, two ADA bathrooms, and janitorial closets. The interior is insulated and heated, and the offices have central AC. The property includes 3.61 acres of land, suitable for parking, storage, or future expansion. The corner location provides accessibility and exposure in an industrial area.
Key Highlights
- Prime corner location at East FoxFarm Road and Energy Drive offering exceptional visibility and accessibility.
- Brand‑new 9,800 sq. ft. commercial warehouse suitable for various industrial/commercial operations.
- Four 14‑foot overhead doors providing easy access and efficient workflow.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,593
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,351,860
$1.4M
Cap Rate 7%
$965,614
$965.6K
Cap Rate 9%
$751,033
$751.0K
Market Conditions
NOI Build-Up for 9,800 SF
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.
Gross rent
$98.8K $10.08/SF
− Vacancy
−$19.3K −$1.97/SF
EGI
$79.5K $8.11/SF
− OpEx
−$11.9K −$1.22/SF
NOI
$67.6K $6.90/SF
Area
Laramie County, WY
Vacancy
19.50%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,351,860
Cap Rate 7%
$965,614
Cap Rate 9%
$751,033
Alternative Uses
Best Use
Warehouse
$965.6K
$844.9K – $1.13M
NOI $67,593 @ 7.0% cap · market cap 3.65%
Second Best
Industrial
$795.2K
$695.8K – $927.8K
NOI $55,665 @ 7.0% cap · market cap 3.01%
Theoretical Best
Retail
$1.61M
$1.41M – $1.87M
NOI $112,412 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 82007, WY
21,249
Population
9,542
Households
2.2
Avg Household Size
35
Median Age
16%
College-Educated
89%
High-School Grad
193.8 sq mi
ZIP Area
110
Density / Sq Mi
$55,461
Median Household Income
$35,537
Median Earnings
$1,120
Median Rent
$218,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- New Frontier Self Storage - College Dr. — 200 S College Dr, Cheyenne, WY 82007
- CWC Storage — 213 S Ave C-1, Cheyenne, WY 82007
- StorAul Storage Cheyenne — 2103 E Fox Farm Rd, Cheyenne, WY 82007
Frequently Asked Questions
What type of property is this?
Warehouse - New 9,800 SF commercial warehouse with high visibility.
Where is this warehouse located?
The property is located at 1905 Fox Farm Rd Cheyenne, WY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Prime corner location at East FoxFarm Road and Energy Drive offering exceptional visibility and accessibility.; Brand‑new 9,800 sq. ft. commercial warehouse suitable for various industrial/commercial operations.; Four 14‑foot overhead doors providing easy access and efficient workflow.
