Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    271 Washington Street Afton, WY 83110

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,300,000

    Land with highway frontage and town utilities in Afton, Wyoming.

    Type:General Commercial
    Added:
    Jun 15, 2025
    Days on Market:
    291
    Last Refresh:
    Mar 27 at 8:16 am

    Property Features for 271 Washington Street

    General Information

    Standard status
    Active
    Property subtype
    General Commercial

    We can help!

    Listing Contact
    Kaydene Andrews

    Listing agent Kaydene Andrews

    Listing office River Realty of Western Wyoming

    Listing date Jun 15, 2025

    Source Xome

    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 River Realty of Western Wyoming

    Overview

    Afton, Wyoming Land Opportunity

    This property presents an opportunity to own land in Afton, Wyoming. It features frontage on Highway 89 and has access to town water and sewer services. The property offers possibilities for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Hair Salon Gym & Fitness Center Spa & Massage Center Law Firm Storage Facility Building Supply Skin Care Clinic Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Afton
    County
    Lincoln
    State
    Wyoming
    Longitude
    -110.933493
    Latitude
    42.723287

    Nearby Similar for Sale

    • $375,000
      3,600 SF

      Modern Hangar Near Lighted Runway

      Modern, insulated hangar near a 7,025-foot lighted runway.
      41 AIRPORT ROAD, Afton, WY 83110
      View Details
    • $1,850,000
      15,650 SF

      Afton Commercial Building with Office

      15,650 SF commercial building with office space on 1.47 acres.
      1046 S WASHINGTON Street, Afton, WY 83110
      View Details
    • $3,000,000
      18,730 SF

      Afton Commercial Metal Building

      Spacious commercial building with office space and desirable features.
      1046 S WASHINGTON Street, Afton, WY 83110
      View Details
    • $6,950,000
      24,000 SF

      Iconic Colters Lodge in Afton

      Landmark commercial property with hotel, restaurants, bar, and more.
      355 S WASHINGTON Street, Afton, WY 83110
      View Details
    • $305,000

      Afton Airpark Aviation Dream Lot

      1.34-acre lot with runway access in Afton, Wyoming.
      LOT 3 AFTON AIRPARK, Afton, WY 83110
      View Details
    • $725,000
      4,932 SF

      Senior Assisted Living Center

      Ready-to-go assisted living center near hospital in Afton, Wyoming.
      153 DOYLE CHILD Circle, Afton, WY 83110
      View Details
    • $550,000

      Afton Airpark Premier Lot

      1.78-acre lot with taxiway access at Afton Airpark.
      AFTON AIRPARK ADDN lot: 14, Afton, WY 83110
      View Details
    • $599,000
      6,000 SF

      Afton Retail Space on Main

      6,000 SF retail space in downtown Afton, Wyoming.
      419 WASHINGTON Street, Afton, WY 83110
      View Details
    • $290,000

      Afton Airpark Aviation Dream Lot

      1.25-acre lot with runway access in Great Afton Airpark.
      LOT 31 AFTON AIRPARK, Afton, WY 83110
      View Details
    • $1,195,000
      8,000 SF

      Luxury Aviation Hangar in Afton

      8,000 SF hangar near Afton Municipal Airport.
      42 AIRPORT Road, Afton, WY 83110
      View Details
    • $225,000

      Afton Land with Elevated Homesite

      Residential land in Afton, WY, with power and fiber optics.
      LOT 6 PAINTED HILLS SUBDIVISION, Afton, WY 83110
      View Details
    • $225,000

      Afton, WY Land For Sale

      Residential land with paved access, power, and fiber optics.
      PAINTED HILLS SUBDIVISION lot: 6, Afton, WY 83110
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with highway frontage and town utilities in Afton, Wyoming.
    Where is this commercial land located?
    The property is located at 271 Washington Street Afton, WY.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Hwy 89 Frontage; Town Water Available; Town Sewer Available
    (307) 885-8855
    We can help!
    Listing Contact
    Kaydene Andrews
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!