Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Office and Storefront Building Title is generated by Realmo AI

    205 BUTLER AVE, Pine Bluffs, WY 82082

    View on Map
    Claim this Listing
    For Sale
    $229,900

    COMMERCIAL - Pine Bluffs, WY

    Property size:
    1,144 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $200/SF
    Added:
    Jan 10, 2025
    Days on Market:
    509
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 205 BUTLER AVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Appliances
    Building, Land
    Standard status
    Active
    Size
    1,144 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Description
    PINE BLUFFS BUSINESS PARK: W1/2 BLOCK 1
    Tax Annual Amount
    448

    Building Details

    Year built
    1993
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Derede Darden
    Derede Darden

    Listing agent Derede Darden License #RE-16015

    Listing office eXp Realty, LLC 2617 E Lincolnway, Cheyenne, WY

    Listing date Jan 10, 2025

    MLS# 95833

    Copyright © 2026 Cheyenne Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Frame building built in 1993 with a composition roof
    • Updated and renovated interior, including an updated bathroom
    • Located at 205 Butler Avenue in Pine Bluffs, WY, with easy access to I‑80 for pass‑through and local traffic
    • Spacious lot that allows room for expansion, additional structures, or increased parking capacity

    Overview

    This property at 205 Butler Avenue is a turnkey office and storefront building that has been newly updated and renovated. The refreshed interior includes an updated bathroom, supporting immediate occupancy for either professional office use or a retail-facing storefront concept. The offering sits on a spacious lot that provides room for expansion, additional structures, or increased parking capacity.

    Located in Pine Bluffs, Wyoming, the building is described as having high-visibility positioning with consistent local traffic. The property also has easy access to I-80, providing exposure to both local clientele and pass-through travelers. It is further noted as being near the Prairie View Subdivision, along with proximity to local amenities including Pine Bluffs Distilling.

    For tenants, buyers, or owner-operators, the practical value here is that the space is presented as ready to use, with core improvements already completed and a layout suited to a storefront or professional office. The larger lot supports operational flexibility through potential parking increases or future site adjustments, making it a workable option for established businesses or those looking to launch in a smaller market setting.

    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 $21.3k $18.60
    − Vacancy −$2.5k −$2.21
    EGI $18.7k $16.39
    − OpEx −$5.6k −$4.92
    NOI $13.1k $11.47
    1,144 SF · lease $18.60/SF/yr · vacancy 11.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $187.5K
    $164.0K – $218.7K (±1% cap)
    NOI $13,122 @ 7.0% cap · market cap 5.71%
    Second Best
    Office B
    $83.4K
    $73.0K – $97.3K (±1% cap)
    NOI $5,836 @ 7.0% cap · market cap 2.54%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Spa & Massage Center Dental Office Hotel & Motel Auto Parts Store Pharmacy Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pine Bluffs
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.057213
    Latitude
    41.182514

    Nearby Similar for Sale

    • $485,000
      2,400 SF

      Turnkey Restaurant with Commercial Kitchen

      Turnkey restaurant building constructed in 2019, sold with kitchen equipment and point-of-sale for immediate operation.
      515 W 5TH ST, Pine Bluffs, WY 82082
      View Details
    • $288,000
      18,095 SF

      Flex Warehouse with Rail Spur Access

      Warehouse and office space with rail spur access, multiple doors, and utilities including three-phase power and natural gas heaters.
      117 HIGHWAY 30, Pine Bluffs, WY 82082
      View Details
    • $229,900
      1,144 SF

      Wyoming Commercial Building For Sale

      Commercial building in Pine Bluffs, Wyoming, with expansion potential.
      205 Butler Ave, Pine Bluffs, WY 82082
      View Details
    • $355,000

      232-Acre Wyoming Farm/Ranch Land

      232 acres near Pine Bluffs, WY with income potential.
      TBD Road 164, Pine Bluffs, WY 82082
      View Details

    FAQs

    What type of property is this?
    Office units - Updated office and storefront space with a refreshed interior and updated bathroom, positioned for visibility off Butler Avenue.
    Where is this office units located?
    The property is located at 205 BUTLER AVE Pine Bluffs, WY.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: Frame building built in 1993 with a composition roof; Updated and renovated interior, including an updated bathroom; Located at 205 Butler Avenue in Pine Bluffs, WY, with easy access to I‑80 for pass‑through and local traffic
    (307) 287-8649
    We can help!
    Listing Contact
    Derede Darden
    Derede Darden
    Real Estate License ID: RE-16015
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    205 BUTLER AVE, Pine Bluffs, WY 82082
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!