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    Creekside Ranch with Working Improvements Title is generated by Realmo AI

    226 Chalk Buttes Road, Douglas, WY 82633

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    Claim this Listing
    For Sale
    $3,200,000

    Farm/Estate, Ranch - Douglas, WY

    Type:Farm
    Lot size:
    252.00 Acres
    Added:
    May 28, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 226 Chalk Buttes Road

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    300
    Bedrooms
    4
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Living Room
    Parking features
    Garage
    Fireplace
    1
    Appliances
    Dryer, Refrigerator
    Standard status
    Active
    Lot size
    252.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Fireplace(s)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Building materials
    Stucco
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Chet Johnson

    Listing agent Chet Johnson

    Listing office Clark and Associates Land Brokers, LLC 861 Middle Fork Rd, Buffalo, WY

    Listing date May 28, 2026

    MLS# 11799517 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 252± acre Chalk Buttes Ranch set southwest of Douglas, WY along Little Bed Tick Creek
    • 4‑bedroom, 1‑bath ranch home with partially finished basement; includes refrigerator and dryer
    • Water resources include 57± flood‑irrigated acres, a permitted 2.5‑acre pond, an artesian well, and Little Bed Tick Creek running through
    • Improved ranch facilities include a historic barn, Quonset shop, newer Cleary building, two open‑faced livestock sheds, and working corrals
    • Metal roof; stucco construction; fireplace(s); garage parking
    • Land and water support livestock use with history producing 80–100 tons of hay annually and grazing opportunities

    Overview

    Chalk Buttes Ranch offers a rare blend of productive agricultural ground, abundant water resources, and well-maintained ranch improvements. The property includes a well-kept, updated 4-bedroom, 1-bath home with a partially finished basement for comfortable year-round living. Supporting day-to-day operations are multiple outbuildings, including a historic barn, a Quonset shop, a newer Cleary building, two open-faced livestock sheds, and functional working corrals.

    The ranch is set southwest of Douglas along Little Bed Tick Creek, with creek flow running through the property. Water resources are described as exceptional, featuring approximately 57± flood-irrigated acres, a permitted 2.5-acre pond, an artesian well, and Little Bed Tick Creek. Historically, the ranch has produced approximately 80–100 tons of hay annually from a single cutting, while also supporting productive fall and winter grazing. An additional 210± acre lease is listed as a potential expansion opportunity for added grazing flexibility.

    This offering is well-suited for an operator seeking an established, creek-supported ranch with both improvements and operational infrastructure already in place. The combination of irrigated acres, stored water, and working facilities can support ongoing hay production and seasonal grazing while providing an on-site residence for management and care.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Pet Store Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Douglas
    County
    Converse
    State
    Wyoming
    Longitude
    -105.4415
    Latitude
    42.7271

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    FAQs

    What type of property is this?
    Ranch - Productive ranch ground with reliable water, functional corrals, and updated on-site living for year-round livestock operations.
    Where is this ranch located?
    The property is located at 226 Chalk Buttes Road Douglas, WY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 252± acre Chalk Buttes Ranch set southwest of Douglas, WY along Little Bed Tick Creek; 4‑bedroom, 1‑bath ranch home with partially finished basement; includes refrigerator and dryer; Water resources include 57± flood‑irrigated acres, a permitted 2.5‑acre pond, an artesian well, and Little Bed Tick Creek running through
    (307) 259-9888
    We can help!
    Listing Contact
    Chet Johnson
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    226 Chalk Buttes Road, Douglas, WY 82633
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