Second-Floor Office
For Sale
Contact for pricing
24a-216 W Lincolnway, Cheyenne, WY 82001
Downtown workspace near shared amenities and a municipal parking garage.
Property Size125 SF
Price / SF$5.20
Days on Market61
Property Features for 24a-216 W Lincolnway
General Information
Standard status
Active
Size
125 SF
Elevators
Yes
Additional Details
Floor
2
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 6:03PM
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 24A is a single office unit on the second floor of the Wyoming Home Building at 216 W Lincolnway in Cheyenne. The suite is positioned beside two other offices currently available and near shared bathrooms and a common break area.
The building includes elevator and stair access throughout. A downtown parking garage is located one block away, providing nearby parking access for occupants and visitors.
The building includes elevator and stair access throughout. A downtown parking garage is located one block away, providing nearby parking access for occupants and visitors.
Key Highlights
- Suite 24A is a single office unit on the second floor
- Located beside two other offices currently available
- Near shared bathrooms and a common break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$638
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,760
$12.8K
Cap Rate 7%
$9,114
$9.1K
Cap Rate 9%
$7,089
$7.1K
Market Conditions
NOI Build-Up for 125 SF
Gross rent
$1.0K $8.04/SF
− Vacancy
−$155 −$1.24/SF
EGI
$850 $6.80/SF
− OpEx
−$213 −$1.70/SF
NOI
$638 $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%
$12,760
Cap Rate 7%
$9,114
Cap Rate 9%
$7,089
Alternative Uses
Best Use
Office B
$9.1K
$8.0K – $10.6K
NOI $638 @ 7.0% cap · market cap 98.15%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$20.5K
$17.9K – $23.9K
NOI $1,434 @ 7.0% cap · market cap 220.62%
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
4,394
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 - Downtown workspace near shared amenities and a municipal parking garage.
Where is this office unit located?
The property is located at 24a-216 W Lincolnway Cheyenne, WY.
What are key features of this property?
This property features: Suite 24A is a single office unit on the second floor; Located beside two other offices currently available; Near shared bathrooms and a common break area
