Turnkey Cheyenne Mixed-Use
2200 Logan Ave Cheyenne, WY 82001
For Sale
$799,000
Renovated commercial space with residential units, generating $6,059/month.
Property Size3,888 SF
Price / SF$205.50
Days on Market78
Property Features for 2200 Logan Ave
General Information
Standard status
Active
Size
3,888 SF
Listing Agency:
Real Broker, LLC
(307) 772-1184
Listed By:
JP Fluellen · License #12637
(307) 772-1184
Source:
Exprealty
Added: May 12
Changed: Jul 10
Last Checked: Jul 26 at 4:19PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This mixed-use property in Cheyenne features a renovated main-floor workspace and three updated residential apartments on the lower level. The property generates a total gross monthly income of $6,059 from eleven tenancies. The 1,968 square-foot main floor has undergone a complete renovation, including asbestos abatement, new electrical and plumbing systems, new flooring, a kitchen, a vaulted ceiling with exposed wood beams, and a designer finish package. The flexible layout includes one open coworking-style room, nine private offices, a full kitchen, a restroom, and functional ramp access. Currently operating as a coworking community with eight active commercial members, the space could be occupied by a single business or used as a hybrid of own-occupied and commercial office leases. The lower level houses three residential apartments, including two one-bedroom, one-bathroom units at approximately 600 square feet each, and one two-bedroom, one-bathroom unit at approximately 750 square feet. Each apartment has its own private exterior entrance, separate from the commercial space, and in-unit updates. Additional features include a new composition roof installed in 2026, off-street and on-street parking, and a detached two-car garage at the rear for storage, fleet parking, or rental income. The property offers potential for owner-users to occupy the main floor while basement income offsets the mortgage, or for investors seeking immediate stabilized cash flow with value-add upside. All commercial leases are month-to-month, providing flexibility to raise rents or reconfigure for single-tenant use. The property size is 3,888 square feet.
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.
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 |
3,888 SF · lease $17.40/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$509.2K
$445.6K – $594.1K
NOI $35,645 @ 7.0% cap · market cap 4.46%
Second Best
Mixed Use
$389.5K
$340.8K – $454.4K
NOI $27,265 @ 7.0% cap · market cap 3.41%
Theoretical Best
Retail
$637.1K
$557.5K – $743.3K
NOI $44,598 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated commercial space with residential units, generating $6,059/month.
Where is this mixed-use property located?
The property is located at 2200 Logan Ave Cheyenne, WY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 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.
