2608 S Greeley Hwy Cheyenne, WY 82007
New
For Sale
$888,000
Two-building property on a signalized corner with retail showroom, offices, and a fenced shop with overhead doors.
Property Size8,498 SF
Lot Size1.00 Acre
Price / SF$104.50
Days on Market7
Property Features for 2608 S Greeley Hwy
General Information
Standard status
Active
Property type
Flex space, Industrial properties, Warehouses, Office Units, Office Spaces, Showrooms, Retail properties & Spaces, Other warehouses, Commercial real estate
Size
8,498 SF
Lot size
1.00 Acre
Building Details
Year Built
1964
Listing Agency:
Listed By:
Angel
Added: Jul 22
Changed: Jul 24
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.7k | $10.08 |
| − Vacancy | −$16.7k | −$1.97 |
| EGI | $69.0k | $8.11 |
| − OpEx | −$10.3k | −$1.22 |
| NOI | $58.6k | $6.90 |
8,498 SF · lease $10.08/SF/yr · vacancy 19.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.39M
$1.22M – $1.62M
NOI $97,477 @ 7.0% cap · market cap 10.98%
Second Best
Warehouse
$837.3K
$732.7K – $976.9K
NOI $58,613 @ 7.0% cap · market cap 6.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Two-building property on a signalized corner with retail showroom, offices, and a fenced shop with overhead doors.
Where is this flex space located?
The property is located at 2608 S Greeley Hwy Cheyenne, WY.
What is the asking price?
The asking price for this property is $888,000.
