Leased Medical Office
For Sale
$435,000
3116 Acacia Dr, Cheyenne, WY 82001
Fully leased medical office property occupied by a veterinary clinic in Cheyenne.
Property Size5,002 SF
Price / SF$86.97
Days on Market216
Property Features for 3116 Acacia Dr
General Information
Standard status
Active
Size
5,002 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Asking Price
$435,000
Building Details
Year Built
1962
Tenancy
Single
Owner Occupied
No
Listing Agency:
#1 Properties
Listed By:
Ben Rayl · License #1854
(307) 286-0594
Source:
Cheyennehomesource
Added: Mar 16
Changed: Oct 1
Last Checked: Oct 16 at 9:15AM
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
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Investment Insights
Based on property information with market context.
This medical office property at 3116 Acacia Dr in Cheyenne, Wyoming, contains 5,002 square feet and was built in 1962. The building is occupied by Elevate Animal Care, a veterinary clinic operating from the premises.
The property is fully leased, providing an existing occupancy profile for an owner seeking a medical-office asset with an established tenant in place. Its use by a veterinary practice aligns with the medical office classification and current commercial operation.
The property is fully leased, providing an existing occupancy profile for an owner seeking a medical-office asset with an established tenant in place. Its use by a veterinary practice aligns with the medical office classification and current commercial operation.
Key Highlights
- 5,002‑square‑foot medical office property
- Fully leased to Elevate Animal Care
- Occupied by a veterinary clinic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,517
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,340
$510.3K
Cap Rate 7%
$364,529
$364.5K
Cap Rate 9%
$283,522
$283.5K
Market Conditions
NOI Build-Up for 5,002 SF
Gross rent
$40.2K $8.04/SF
− Vacancy
−$6.2K −$1.24/SF
EGI
$34.0K $6.80/SF
− OpEx
−$8.5K −$1.70/SF
NOI
$25.5K $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%
$510,340
Cap Rate 7%
$364,529
Cap Rate 9%
$283,522
Alternative Uses
Best Use
Healthcare Medical
$617.4K
$540.2K – $720.3K
NOI $43,217 @ 7.0% cap · market cap 9.93%
Second Best
Office B
$364.5K
$319.0K – $425.3K
NOI $25,517 @ 7.0% cap · market cap 5.87%
Theoretical Best
Retail
$819.7K
$717.2K – $956.3K
NOI $57,376 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Under-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
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
Similar Off Market Nearby
- Cheyenne Pet Clinic — 3740 E Lincolnway, Cheyenne, WY 82001
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office property occupied by a veterinary clinic in Cheyenne.
Where is this medical office space located?
The property is located at 3116 Acacia Dr Cheyenne, WY.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 5,002‑square‑foot medical office property; Fully leased to Elevate Animal Care; Occupied by a veterinary clinic
