Updated Flex Space with
For Sale
$205,000
205 BUTLER AVE, Pine Bluffs, WY 82082
Commercial/Industrial, Pine Bluffs, WY
Property Size2,288 SF
Lot Size0.50 Acres
Price / SF$179.20
Days on Market94
Property Features for 205 BUTLER AVE
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Building, Land
Subdivision
LARAMIE
Standard status
Active
Size
1,144 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINE BLUFFS BUSINESS PARK: W1/2 BLOCK 1
Legal Description
PINE BLUFFS BUSINESS PARK: W1/2 BLOCK 1
Building Details
Year built
1993
Building materials
Frame
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(866) 873-0565
Listed By:
Derede Darden · License #RE-16015
(307) 287-8649
Added: Jul 7
Changed: Sep 17
Last Checked: Oct 8 at 8:06AM
MLS# 101353
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.
Investment Insights
Based on property information with market context.
This flex property at 205 Butler Ave. combines a 2,288-square-foot building with a 0.50-acre parcel. The layout includes 1,144 square feet on the main level, with improvements that include fresh exterior paint, an updated main floor, and a remodeled bathroom. Frame construction and a composition roof date to 1993.
The property is positioned in the business park near the Pine Bluffs RV/Trailer Park and just minutes from the Prairie View Subdivision. Its location just off I-80 provides interstate access, while on-site parking supports customer and employee activity. The space is suited to retail, office, warehouse, service, showroom, storage, and other light commercial uses.
The property is positioned in the business park near the Pine Bluffs RV/Trailer Park and just minutes from the Prairie View Subdivision. Its location just off I-80 provides interstate access, while on-site parking supports customer and employee activity. The space is suited to retail, office, warehouse, service, showroom, storage, and other light commercial uses.
Key Highlights
- 2,288 total sq. ft. with 1,144 sq. ft. on the main level
- 0.50‑acre parcel in a Pine Bluffs business park
- Located just off I‑80 with interstate access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,498
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,960
$130.0K
Cap Rate 7%
$92,829
$92.8K
Cap Rate 9%
$72,200
$72.2K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$11.5K $10.08/SF
− Vacancy
−$2.2K −$1.97/SF
EGI
$9.3K $8.11/SF
− OpEx
−$2.8K −$2.43/SF
NOI
$6.5K $5.68/SF
Area
Laramie County, WY
Vacancy
19.50%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,960
Cap Rate 7%
$92,829
Cap Rate 9%
$72,200
Alternative Uses
Best Use
Industrial
$92.8K
$81.2K – $108.3K
NOI $6,498 @ 7.0% cap · market cap 3.17%
Second Best
Flex RnD
$85.7K
$75.0K – $99.9K
NOI $5,996 @ 7.0% cap · market cap 2.92%
Theoretical Best
Retail
$187.5K
$164.0K – $218.7K
NOI $13,122 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 82082, WY
1,764
Population
751
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
95%
High-School Grad
320.0 sq mi
ZIP Area
6
Density / Sq Mi
$66,388
Median Household Income
$42,972
Median Earnings
$725
Median Rent
$316,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Frame construction, refreshed interiors, and a remodeled bathroom support retail, office, warehouse, and service uses.
Where is this flex space located?
The property is located at 205 BUTLER AVE Pine Bluffs, WY.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 2,288 total sq. ft. with 1,144 sq. ft. on the main level; 0.50‑acre parcel in a Pine Bluffs business park; Located just off I‑80 with interstate access
