2200 Logan Ave Cheyenne, WY 82001
Renovated commercial space with residential units, generating $6,059/month.
Property Features for 2200 Logan Ave
General Information
- Standard status
- Active
- Size
- 3,888 SF
Listing office Real Broker, LLC (307) 772-1184
Listing date May 12, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey mixed‑use property with immediate stabilized cash flow of $6,059/month gross from eleven income‑producing tenancies.
- Fully renovated 1,968 SF main‑floor commercial space with a $400,000 renovation, including new electrical, plumbing, flooring, kitchen, and designer finishes.
- Three updated residential apartments (two 1BR/1BA, one 2BR/1BA) on the lower level, each with private exterior entrance.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.7k | $17.40 |
| − Vacancy | −$2.8k | −$0.73 |
| EGI | $64.8k | $16.67 |
| − OpEx | −$29.2k | −$7.50 |
| NOI | $35.6k | $9.17 |