Second-Floor Office
For Sale
Contact for pricing
216 W Lincolnway #24A, Cheyenne, WY 82001
A compact workspace sits near shared restrooms and a common break area, with elevator and stair access.
Property Size125 SF
Price / SF$5.20
Days on Market53
Property Features for 216 W Lincolnway #24A
General Information
Standard status
Active
Size
125 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
2
Property Use
Office
Amenities
bathrooms
common break area
Building Details
Building Size
125 SF
Year Built
1882
Stories
3
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Tyler Walton · License #2130
(307) 752-4176
Source:
Frontierhomeandranch
Added: Sep 2
Changed: Oct 23
Last Checked: Oct 23 at 3:35PM
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 #1 Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 24A is a 125-square-foot office on the second floor of the Wyoming Home Building, constructed in 1882. Elevators and staircases serve the building, and the suite is positioned beside two other offices that are also available.
Shared restrooms and a common break area are close to the suite. A downtown parking garage is one block away.
Shared restrooms and a common break area are close to the suite. A downtown parking garage is one block away.
Key Highlights
- 125‑square‑foot second‑floor office suite
- Built in 1882
- Near shared restrooms and a common break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$638
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,760
$12.8K
Cap Rate 7%
$9,114
$9.1K
Cap Rate 9%
$7,089
$7.1K
Market Conditions
NOI Build-Up for 125 SF
Gross rent
$1.0K $8.04/SF
− Vacancy
−$155 −$1.24/SF
EGI
$850 $6.80/SF
− OpEx
−$213 −$1.70/SF
NOI
$638 $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%
$12,760
Cap Rate 7%
$9,114
Cap Rate 9%
$7,089
Alternative Uses
Best Use
Office B
$9.1K
$8.0K – $10.6K
NOI $638 @ 7.0% cap · market cap 98.15%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$20.5K
$17.9K – $23.9K
NOI $1,434 @ 7.0% cap · market cap 220.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,298
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A compact workspace sits near shared restrooms and a common break area, with elevator and stair access.
Where is this office unit located?
The property is located at 216 W Lincolnway #24A Cheyenne, WY.
What are key features of this property?
This property features: 125‑square‑foot second‑floor office suite; Built in 1882; Near shared restrooms and a common break area
