Second-Floor Office
For Sale
Contact for pricing
21c-216 W Lincolnway, Cheyenne, WY 82001
South-facing suite with shared break room access and convenient proximity to building restrooms.
Property Size287 SF
Price / SF$2.61
Days on Market61
Property Features for 21c-216 W Lincolnway
General Information
Standard status
Active
Size
287 SF
Elevators
Yes
Additional Details
Floor
2
Amenities
common break room area
bathrooms
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Tyler Walton · License #2130
(307) 752-4176
Source:
Exprealty
Added: Sep 1
Changed: Oct 26
Last Checked: Oct 30 at 6:58PM
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 21C is a south-facing office unit on the second floor of the Wyoming Home Building at 216 W Lincolnway. The space connects directly to a shared break room and is positioned near the building’s restrooms, supporting practical day-to-day operations.
The building includes elevator and stair access throughout. A downtown parking garage is located one block away, while the suite is next to the Tom Horn Room. The property offers an office setting for an owner-user or business seeking a downtown Cheyenne address.
The building includes elevator and stair access throughout. A downtown parking garage is located one block away, while the suite is next to the Tom Horn Room. The property offers an office setting for an owner-user or business seeking a downtown Cheyenne address.
Key Highlights
- Suite 21C in the Wyoming Home Building at 216 W Lincolnway
- Second‑floor, south‑facing office unit
- Direct access to a common break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,464
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,280
$29.3K
Cap Rate 7%
$20,914
$20.9K
Cap Rate 9%
$16,267
$16.3K
Market Conditions
NOI Build-Up for 287 SF
Gross rent
$2.3K $8.04/SF
− Vacancy
−$355 −$1.24/SF
EGI
$2.0K $6.80/SF
− OpEx
−$488 −$1.70/SF
NOI
$1.5K $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%
$29,280
Cap Rate 7%
$20,914
Cap Rate 9%
$16,267
Alternative Uses
Best Use
Office B
$20.9K
$18.3K – $24.4K
NOI $1,464 @ 7.0% cap · market cap 195.20%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$47.0K
$41.2K – $54.9K
NOI $3,292 @ 7.0% cap · market cap 438.93%
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 - South-facing suite with shared break room access and convenient proximity to building restrooms.
Where is this office unit located?
The property is located at 21c-216 W Lincolnway Cheyenne, WY.
What are key features of this property?
This property features: Suite 21C in the Wyoming Home Building at 216 W Lincolnway; Second‑floor, south‑facing office unit; Direct access to a common break room
