Wyoming Commercial Building For
For Sale
$229,900
205 Butler Ave, Pine Bluffs, WY
Commercial building in Pine Bluffs, Wyoming, with expansion potential.
Property Size1,144 SF
Price / SF$200.96
Days on Market165
Property Features for 205 Butler Ave
General Information
Standard status
Active
Size
1,144 SF
Taxes and HOA fees
Annual Taxes
$451
Listing Agency:
eXp Realty, LLC
(866) 873-0565
Listed By:
Derede Darden · License #RE-16015
(307) 287-8649
Source:
Exprealty
Added: Mar 27
Changed: Sep 6
Last Checked: Sep 6 at 2:06PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Located at 205 Butler Avenue in Pine Bluffs, Wyoming, this commercial building offers an opportunity for a new business venture. The property is situated in a location suited for business in a small-town Wyoming setting, benefiting from a welcoming community and local traffic. The building provides access to I-80, offering visibility and convenience for customers. The lot provides space for future expansion, parking, or outdoor business use.
Key Highlights
- Best location in Pine Bluffs, Wyoming, ideal for business.
- Easy access to I‑80, providing excellent visibility and customer convenience.
- Spacious lot allows for future expansion, parking, or outdoor business use.
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
$13,122
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
5.71%
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%
$262,440
$262.4K
Cap Rate 7%
$187,457
$187.5K
Cap Rate 9%
$145,800
$145.8K
Market Conditions
NOI Build-Up for 1,144 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
$21.3K $18.60/SF
− Vacancy
−$2.5K −$2.21/SF
EGI
$18.7K $16.39/SF
− OpEx
−$5.6K −$4.92/SF
NOI
$13.1K $11.47/SF
Area
Laramie County, WY
Vacancy
11.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
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%
$262,440
Cap Rate 7%
$187,457
Cap Rate 9%
$145,800
Alternative Uses
Best Use
Retail
$187.5K
$164.0K – $218.7K
NOI $13,122 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
2,848 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
1,471 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building in Pine Bluffs, Wyoming, with expansion potential.
Where is this storefront property 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: Best location in Pine Bluffs, Wyoming, ideal for business.; Easy access to I‑80, providing excellent visibility and customer convenience.; Spacious lot allows for future expansion, parking, or outdoor business use.
