Two-Structure Mixed-Use
For Sale
$225,000
2009 Ames Ave, Cheyenne, WY 82001
One building is configured as a one-bedroom residence; the other needs heat and plumbing to be completed.
Property Size1,008 SF
Price / SF$223.21
Days on Market41
Property Features for 2009 Ames Ave
General Information
Standard status
Active
Size
1,008 SF
Total Parking Spaces
11
Property subtype
Commercial
Building Details
Building Size
1,008 SF
Year Built
1917
Stories
1
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Justin Howell · License #13276
(307) 631-8850
Source:
Frontierhomeandranch
Added: Sep 16
Changed: Oct 26
Last Checked: Oct 26 at 4:03AM
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 #1 Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 2009 Ames Ave in Cheyenne, this 1,008-SF mixed-use property includes two ranch-style buildings on a parcel zoned Mixed Use Business. The primary building is finished and arranged as a one-bedroom, one-bath living space. The second building is unfinished and requires heat and plumbing work. Built in 1917, the property presents a combination of completed residential space and a separate structure awaiting completion.
Key Highlights
- Two ranch‑style buildings on a Mixed Use Business‑zoned parcel
- Primary building provides a finished one‑bedroom, one‑bath layout
- Second building requires heat and plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,069
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,380
$141.4K
Cap Rate 7%
$100,986
$101.0K
Cap Rate 9%
$78,544
$78.5K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$13.3K $13.20/SF
− Vacancy
−$2.0K −$1.98/SF
EGI
$11.3K $11.22/SF
− OpEx
−$4.2K −$4.21/SF
NOI
$7.1K $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%
$141,380
Cap Rate 7%
$100,986
Cap Rate 9%
$78,544
Alternative Uses
Best Use
Mixed Use
$101.0K
$88.4K – $117.8K
NOI $7,069 @ 7.0% cap · market cap 3.14%
Second Best
Office B
$73.5K
$64.3K – $85.7K
NOI $5,142 @ 7.0% cap · market cap 2.29%
Theoretical Best
Retail
$165.2K
$144.5K – $192.7K
NOI $11,562 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 82001, WY
37,528
Population
17,977
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
95%
High-School Grad
55.1 sq mi
ZIP Area
681
Density / Sq Mi
$74,149
Median Household Income
$45,456
Median Earnings
$1,044
Median Rent
$291,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - One building is configured as a one-bedroom residence; the other needs heat and plumbing to be completed.
Where is this mixed-use property located?
The property is located at 2009 Ames Ave Cheyenne, WY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two ranch‑style buildings on a Mixed Use Business‑zoned parcel; Primary building provides a finished one‑bedroom, one‑bath layout; Second building requires heat and plumbing
