Second-Floor Office
For Sale
Contact for pricing
216 W LINCOLNWAY, Cheyenne, WY 82001
Commercial/Industrial, Cheyenne, WY
Property Size130 SF
Price / SF$5
Days on Market54
Property Features for 216 W LINCOLNWAY
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
LARAMIE
Standard status
Active
Size
130 SF
Amenities
bathrooms
common break area
Building Details
Year built
1882
Building materials
Block, Brick, Stone
Roof type
Membrane
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Tyler Walton
(307) 752-4176
Added: Sep 1
Changed: Oct 17
Last Checked: Oct 24 at 6:06AM
MLS# 101981
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.
Suite 24C offers 130 square feet of second-floor office space within the Wyoming Home Building, a Cheyenne property constructed in 1882. The building provides elevator and stair access, with restrooms and a shared break area nearby. Two additional offices next to the suite are also currently available.
The property is located at 216 W Lincolnway in downtown Cheyenne, one block from the downtown parking garage. Block, brick, and stone construction and a membrane roof contribute to the building’s established physical character.
The property is located at 216 W Lincolnway in downtown Cheyenne, one block from the downtown parking garage. Block, brick, and stone construction and a membrane roof contribute to the building’s established physical character.
Key Highlights
- 130‑square‑foot second‑floor office suite
- Suite 24C in the Wyoming Home Building
- Restrooms and shared break area nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$663
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,260
$13.3K
Cap Rate 7%
$9,471
$9.5K
Cap Rate 9%
$7,367
$7.4K
Market Conditions
NOI Build-Up for 130 SF
Gross rent
$1.0K $8.04/SF
− Vacancy
−$161 −$1.24/SF
EGI
$884 $6.80/SF
− OpEx
−$221 −$1.70/SF
NOI
$663 $5.10/SF
Area
Laramie County, WY
Vacancy
15.40%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,260
Cap Rate 7%
$9,471
Cap Rate 9%
$7,367
Alternative Uses
Best Use
Office B
$9.5K
$8.3K – $11.1K
NOI $663 @ 7.0% cap · market cap 102.00%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$21.3K
$18.6K – $24.9K
NOI $1,491 @ 7.0% cap · market cap 229.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,387
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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Compact office space in a historic downtown building with shared support amenities and convenient garage access.
Where is this office unit located?
The property is located at 216 W LINCOLNWAY Cheyenne, WY.
What are key features of this property?
This property features: 130‑square‑foot second‑floor office suite; Suite 24C in the Wyoming Home Building; Restrooms and shared break area nearby
