Mixed-Use Property With Two
2009 AMES AVE, Cheyenne, WY 82001
For Sale
$225,000
Commercial/Industrial, Cheyenne, WY
Property Size1,008 SF
Lot Size0.18 Acres
Price / SF$223.21
Days on Market60
Property Features for 2009 AMES AVE
General Information
Property type
Property subtype
Appliances
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
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Tax Annual Amount
Legal Description
Building Details
Year built
Building materials
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Buildings
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Justin Howell · License #13276
(307) 631-8850
Added: Sep 9
Changed: Oct 25
Last Checked: Nov 7 at 7:06AM
MLS# 102129
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.
This mixed-use property includes two ranch-style structures on a 0.18-acre parcel. The primary structure is finished and currently arranged as a one-bedroom, one-bath living space, with a layout that can also accommodate office or professional-suite use. The second structure is unfinished and requires heat and plumbing before occupancy or use.
Located at 2009 Ames Ave in Cheyenne, Wyoming, the property carries Mixed Use Business zoning and includes 1,008 square feet of property area. The frame construction dates to 1917, and the improvements have metal and composition roofing. The two-structure layout supports a combination of residential and commercial uses, subject to applicable zoning and completion requirements.
Located at 2009 Ames Ave in Cheyenne, Wyoming, the property carries Mixed Use Business zoning and includes 1,008 square feet of property area. The frame construction dates to 1917, and the improvements have metal and composition roofing. The two-structure layout supports a combination of residential and commercial uses, subject to applicable zoning and completion requirements.
Key Highlights
- Two ranch‑style structures on a 0.18‑acre Mixed Use Business parcel
- Finished primary structure configured with 1 bedroom and 1 bathroom
- Primary structure can accommodate residential, office, or professional‑suite use
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
—
—
no second resolved use
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.
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Location Intelligence
Trade Area within ½ mile
1,958
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed Use Business zoning supports residential and commercial configurations across two ranch-style structures.
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 structures on a 0.18‑acre Mixed Use Business parcel; Finished primary structure configured with 1 bedroom and 1 bathroom; Primary structure can accommodate residential, office, or professional‑suite use
