Industrial Warehouse with Wash
For Sale
Contact for pricing
2302 W Lincolnway, Cheyenne, WY 82001
Flexible leasing options divide the property between warehouse space and a separate wash bay with office area.
Property Size12,608 SF
Lot Size1.71 Acres
Price / SF$1.13
Days on Market206
Property Features for 2302 W Lincolnway
General Information
Standard status
Active
Size
12,608 SF
Total Parking Spaces
11
Lot size
1.71 Acres
Property subtype
Commercial
Building Details
Building Size
12,608 SF
Year Built
1975
Buildings
1
Stories
1
Listing Agency:
Waypoint Real Estate
(970) 632-5050
Listed By:
Jackson Chunko · License #3415
(970) 213-5063
Source:
Frontierhomeandranch
Added: Apr 2
Changed: Oct 23
Last Checked: Oct 23 at 4:35PM
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 Waypoint Real Estate
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Investment Insights
Based on property information with market context.
The 12,608-square-foot industrial building occupies a 1.71-acre site and can be leased as a whole or in two separate sections. The warehouse measures 10,259 square feet, while the wash bay and office area together comprise 2,349 square feet. The building includes two grade-level overhead doors and two dock-high doors.
Built in 1975, the property offers a combination of warehouse, wash bay, and office space at 2302 W Lincolnway in Cheyenne, Wyoming.
Built in 1975, the property offers a combination of warehouse, wash bay, and office space at 2302 W Lincolnway in Cheyenne, Wyoming.
Key Highlights
- 12,608‑square‑foot industrial building on a 1.71‑acre site
- Warehouse area totals 10,259 square feet
- Wash bay and office area comprise 2,349 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,960
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,739,200
$1.7M
Cap Rate 7%
$1,242,286
$1.2M
Cap Rate 9%
$966,222
$966.2K
Market Conditions
NOI Build-Up for 12,608 SF
Gross rent
$127.1K $10.08/SF
− Vacancy
−$24.8K −$1.97/SF
EGI
$102.3K $8.11/SF
− OpEx
−$15.3K −$1.22/SF
NOI
$87.0K $6.90/SF
Area
Laramie County, WY
Vacancy
19.50%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,739,200
Cap Rate 7%
$1,242,286
Cap Rate 9%
$966,222
Alternative Uses
Best Use
Warehouse
$1.24M
$1.09M – $1.45M
NOI $86,960 @ 7.0% cap · market cap 613.09%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.07M
$1.81M – $2.41M
NOI $144,622 @ 7.0% cap · market cap 1,019.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- U-Pack — 2800 W Lincolnway, Cheyenne, WY 82001
- Johnson Storage & Moving — 265 N American Rd, Cheyenne, WY 82007
- North American Van Lines — 220 Evelyn St Suite 100, Cheyenne, WY 82007
- New Frontier Self Storage - Southwest — 308 Southwest Dr, Cheyenne, WY 82007
Frequently Asked Questions
What type of property is this?
Warehouse - Flexible leasing options divide the property between warehouse space and a separate wash bay with office area.
Where is this warehouse located?
The property is located at 2302 W Lincolnway Cheyenne, WY.
What are key features of this property?
This property features: 12,608‑square‑foot industrial building on a 1.71‑acre site; Warehouse area totals 10,259 square feet; Wash bay and office area comprise 2,349 square feet
