Upper-Level Office
For Sale
Contact for pricing
216 W Lincolnway #24C, Cheyenne, WY 82001
The suite is near shared restrooms and a break area, with elevator and stair access in the building.
Property Size130 SF
Price / SF$5
Days on Market53
Property Features for 216 W Lincolnway #24C
General Information
Standard status
Active
Size
130 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
2
Property Use
Office
Amenities
common break area
Building Details
Building Size
130 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 3:12PM
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.
Located on an upper floor of the Wyoming Home Building, this office suite has shared restrooms and a break area nearby. Elevators and staircases serve the building, and two other offices currently available are adjacent to the suite.
The property is at 216 W Lincolnway in downtown Cheyenne, one block from the downtown parking garage. The building dates to 1882.
The property is at 216 W Lincolnway in downtown Cheyenne, one block from the downtown parking garage. The building dates to 1882.
Key Highlights
- Office suite on the upper floor of the Wyoming Home Building
- Shared restrooms and break area nearby
- Elevators and staircases serve the building
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.
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 - The suite is near shared restrooms and a break area, with elevator and stair access in the building.
Where is this office unit located?
The property is located at 216 W Lincolnway #24C Cheyenne, WY.
What are key features of this property?
This property features: Office suite on the upper floor of the Wyoming Home Building; Shared restrooms and break area nearby; Elevators and staircases serve the building
