Second-Floor Office
For Sale
Contact for pricing
24c-216 W Lincolnway, Cheyenne, WY 82001
Downtown office suite with elevator access, nearby restrooms, and a shared break area.
Property Size130 SF
Price / SF$5
Days on Market61
Property Features for 24c-216 W Lincolnway
General Information
Standard status
Active
Size
130 SF
Elevators
Yes
Additional Details
Floor
2
Amenities
bathrooms
common break area
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Tyler Walton · License #2130
(307) 752-4176
Source:
Exprealty
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 30 at 8:12PM
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 24C is a single office unit on the second floor of the Wyoming Home Building in downtown Cheyenne. The property includes elevator and stair access, with restrooms and a common break area located nearby. Two additional offices are currently available next to the suite, providing proximity to other office users within the building.
A downtown parking garage is located one block away, offering nearby vehicle parking. The property is addressed at 24C-216 W Lincolnway.
A downtown parking garage is located one block away, offering nearby vehicle parking. The property is addressed at 24C-216 W Lincolnway.
Key Highlights
- Single office suite on the second floor
- Suite 24C at the Wyoming Home Building
- Elevator and stair access throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$663
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,260
$13.3K
Cap Rate 7%
$9,471
$9.5K
Cap Rate 9%
$7,367
$7.4K
Market Conditions
NOI Build-Up for 130 SF
Gross rent
$1.0K $8.04/SF
− Vacancy
−$161 −$1.24/SF
EGI
$884 $6.80/SF
− OpEx
−$221 −$1.70/SF
NOI
$663 $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%
$13,260
Cap Rate 7%
$9,471
Cap Rate 9%
$7,367
Alternative Uses
Best Use
Office B
$9.5K
$8.3K – $11.1K
NOI $663 @ 7.0% cap · market cap 102.00%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$21.3K
$18.6K – $24.9K
NOI $1,491 @ 7.0% cap · market cap 229.38%
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 office suite with elevator access, nearby restrooms, and a shared break area.
Where is this office unit located?
The property is located at 24c-216 W Lincolnway Cheyenne, WY.
What are key features of this property?
This property features: Single office suite on the second floor; Suite 24C at the Wyoming Home Building; Elevator and stair access throughout the building
