Auto Shop with Fenced
New
For Sale
$499,900
2502 E 8TH ST, Cheyenne, WY 82001
Equipped automotive workspace includes a paint booth, compressor, private offices, and exterior storage.
Property Size3,584 SF
Price / SF$139.48
Days on Market3
Property Features for 2502 E 8TH ST
General Information
Standard status
Active
Size
3,584 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
paint booth
air compressor
private offices
half bathroom
storage shed
automatic garage doors
manual garage door
Building Details
Year Built
1960
Listing Agency:
Coldwell Banker, The Property Exchange
Listed By:
Tanya Keller · License #1495
(307) 287-8230
Source:
Karihappoldrealestate
Added: Oct 11
Changed: Oct 12
Last Checked: Oct 12 at 5:05PM
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 Coldwell Banker, The Property Exchange
Investment Insights
Based on property information with market context.
The 3,584-square-foot auto shop includes a paint booth, air compressor, two private offices, and a half bathroom. Three garage doors provide shop access: one 10-foot door and one 8-foot door with automatic openers, plus a 10-foot door operated manually. The property was built in 1960.
A fenced yard and separate storage shed provide additional room for vehicles or equipment.
A fenced yard and separate storage shed provide additional room for vehicles or equipment.
Key Highlights
- 3,584‑square‑foot automotive shop
- Paint booth and air compressor included
- Three garage doors: automatic 10‑foot and 8‑foot doors, plus a manual 10‑foot door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,111
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,220
$822.2K
Cap Rate 7%
$587,300
$587.3K
Cap Rate 9%
$456,789
$456.8K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$66.7K $18.60/SF
− Vacancy
−$7.9K −$2.21/SF
EGI
$58.7K $16.39/SF
− OpEx
−$17.6K −$4.92/SF
NOI
$41.1K $11.47/SF
Area
Laramie County, WY
Vacancy
11.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,220
Cap Rate 7%
$587,300
Cap Rate 9%
$456,789
Alternative Uses
Best Use
Retail
$587.3K
$513.9K – $685.2K
NOI $41,111 @ 7.0% cap · market cap 8.22%
Second Best
Industrial
$290.8K
$254.5K – $339.3K
NOI $20,357 @ 7.0% cap · market cap 4.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
619
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - Equipped automotive workspace includes a paint booth, compressor, private offices, and exterior storage.
Where is this auto shop located?
The property is located at 2502 E 8TH ST Cheyenne, WY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3,584‑square‑foot automotive shop; Paint booth and air compressor included; Three garage doors: automatic 10‑foot and 8‑foot doors, plus a manual 10‑foot door
