For Sale
$888,000
2608 S Greeley Hwy, Cheyenne, WY 82007
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 Market97
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
Listed By:
Angel Price
Added: Jul 22
Changed: Jul 24
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,613
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,260
$1.2M
Cap Rate 7%
$837,329
$837.3K
Cap Rate 9%
$651,256
$651.3K
Market Conditions
NOI Build-Up for 8,498 SF
Gross rent
$85.7K $10.08/SF
− Vacancy
−$16.7K −$1.97/SF
EGI
$69.0K $8.11/SF
− OpEx
−$10.3K −$1.22/SF
NOI
$58.6K $6.90/SF
Area
Laramie County, WY
Vacancy
19.50%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,260
Cap Rate 7%
$837,329
Cap Rate 9%
$651,256
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 82007, WY
21,249
Population
9,542
Households
2.2
Avg Household Size
35
Median Age
16%
College-Educated
89%
High-School Grad
193.8 sq mi
ZIP Area
110
Density / Sq Mi
$55,461
Median Household Income
$35,537
Median Earnings
$1,120
Median Rent
$218,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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.
