Second-Floor Office
For Sale
Contact for pricing
24b-216 W Lincolnway, Cheyenne, WY 82001
Downtown office suite near shared restrooms, a common break area, elevators, and stair access.
Property Size109 SF
Price / SF$5.96
Days on Market56
Property Features for 24b-216 W Lincolnway
General Information
Standard status
Active
Size
109 SF
Elevators
Yes
Additional Details
Floor
2
Amenities
common break area
Building Details
Buildings
1
Tenancy
Multi
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 24 at 6:49PM
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 24B is a second-floor office unit within the Wyoming Home Building at 216 W Lincolnway in Cheyenne. The property is positioned beside two other offices currently available and offers convenient access to shared restrooms and a common break area.
Building circulation includes elevators and staircases. A downtown parking garage is located one block away, providing nearby vehicle parking and winter weather protection.
Building circulation includes elevators and staircases. A downtown parking garage is located one block away, providing nearby vehicle parking and winter weather protection.
Key Highlights
- Suite 24B on the second floor of the Wyoming Home Building
- Adjacent to two other offices currently available
- Shared restrooms and common break area nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$556
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,120
$11.1K
Cap Rate 7%
$7,943
$7.9K
Cap Rate 9%
$6,178
$6.2K
Market Conditions
NOI Build-Up for 109 SF
Gross rent
$876 $8.04/SF
− Vacancy
−$135 −$1.24/SF
EGI
$741 $6.80/SF
− OpEx
−$185 −$1.70/SF
NOI
$556 $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%
$11,120
Cap Rate 7%
$7,943
Cap Rate 9%
$6,178
Alternative Uses
Best Use
Office B
$7.9K
$7.0K – $9.3K
NOI $556 @ 7.0% cap · market cap 85.54%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$17.9K
$15.6K – $20.8K
NOI $1,250 @ 7.0% cap · market cap 192.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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 office suite near shared restrooms, a common break area, elevators, and stair access.
Where is this office unit located?
The property is located at 24b-216 W Lincolnway Cheyenne, WY.
What are key features of this property?
This property features: Suite 24B on the second floor of the Wyoming Home Building; Adjacent to two other offices currently available; Shared restrooms and common break area nearby
