Second-Floor Office
For Sale
Contact for pricing
216 W Lincolnway #24B, Cheyenne, WY 82001
Single office suite with nearby restrooms, a shared break area, elevators, and stair access.
Property Size109 SF
Price / SF$5.96
Days on Market47
Property Features for 216 W Lincolnway #24B
General Information
Standard status
Active
Size
109 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
2
Office Units
1
Amenities
bathrooms
common break area
Building Details
Year Built
1882
Listing Agency:
#1 Properties
Listed By:
Tyler Walton · License #2130
(307) 752-4176
Source:
Karihappoldrealestate
Added: Sep 4
Changed: Oct 8
Last Checked: Oct 19 at 4:09AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 24B is a single office unit on the second floor of the Wyoming Home Building, a downtown property constructed in 1882. The suite is positioned near restrooms and a shared break area, with elevator and stair access available throughout the building.
Two additional offices are currently available next to the suite. A downtown parking garage is located one block away, providing nearby parking access. The property is at 216 W Lincolnway in Cheyenne.
Two additional offices are currently available next to the suite. A downtown parking garage is located one block away, providing nearby parking access. The property is at 216 W Lincolnway in Cheyenne.
Key Highlights
- Suite 24B located on the second floor
- Built in 1882 as part of the Wyoming Home Building
- Near restrooms and a shared break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$556
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,120
$11.1K
Cap Rate 7%
$7,943
$7.9K
Cap Rate 9%
$6,178
$6.2K
Market Conditions
NOI Build-Up for 109 SF
Gross rent
$876 $8.04/SF
− Vacancy
−$135 −$1.24/SF
EGI
$741 $6.80/SF
− OpEx
−$185 −$1.70/SF
NOI
$556 $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%
$11,120
Cap Rate 7%
$7,943
Cap Rate 9%
$6,178
Alternative Uses
Best Use
Office B
$7.9K
$7.0K – $9.3K
NOI $556 @ 7.0% cap · market cap 85.54%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$17.9K
$15.6K – $20.8K
NOI $1,250 @ 7.0% cap · market cap 192.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
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 - Single office suite with nearby restrooms, a shared break area, elevators, and stair access.
Where is this office unit located?
The property is located at 216 W Lincolnway #24B Cheyenne, WY.
What are key features of this property?
This property features: Suite 24B located on the second floor; Built in 1882 as part of the Wyoming Home Building; Near restrooms and a shared break area
