Office Building with Ample
3120 OLD FAITHFUL RD Cheyenne, WY 82001
3120 OLD FAITHFUL RD, Cheyenne, WY, 82001
$1,360,000
For Sale
$1,360,000
COMMERCIAL - Cheyenne, WY
Property Size21,307 SF
Lot Size1.08 Acres
Price / SF$63.83
Days on Market170
Property Features for 3120 OLD FAITHFUL RD
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Appliances
- Building, Fixtures, Land
- Standard status
- Active
- Size
- 21,307 SF
- Lot size
- 1.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SEE ASSOICATE DOCS
- Tax Annual Amount
- 6498
Building Details
- Year built
- 1958
- Building materials
- Brick, Concrete
- Roof type
- Membrane
Listing Agency
Peak Properties, LLC
(307) 638-3995
2822 WARREN AVE, CHEYENNE, WY
Listed by
Corey Rang · License #5002
(307) 640-3148
Added: Jan 30 Checked: Jul 19 at 3:06 am
MLS# 99697
Copyright © 2026 Cheyenne Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building totals 21,307 square feet and is currently occupied by five tenants, with four of the five tenants described as long term. The building sits on a 1.08-acre lot and has parking and high visibility as key physical attributes highlighted in the offering.
The property is located at 3120 OLD FAITHFUL RD in Cheyenne, Wyoming. The listing remarks emphasize parking availability and visibility, which can support day-to-day tenant operations and customer or client access.
For tenants and buyers, the current layout supports a multi-tenant office use, with the existing occupancy and long-term tenant presence providing continuity for an operator. The listing also notes that previous plans contemplated converting the building to 18 small housing units while maintaining the current tenants, which may be relevant to users evaluating alternate development pathways alongside ongoing income from the existing leases.
The property is located at 3120 OLD FAITHFUL RD in Cheyenne, Wyoming. The listing remarks emphasize parking availability and visibility, which can support day-to-day tenant operations and customer or client access.
For tenants and buyers, the current layout supports a multi-tenant office use, with the existing occupancy and long-term tenant presence providing continuity for an operator. The listing also notes that previous plans contemplated converting the building to 18 small housing units while maintaining the current tenants, which may be relevant to users evaluating alternate development pathways alongside ongoing income from the existing leases.
Key Highlights
- Building features over 21,000 total square feet
- 5 tenants currently occupy a small portion of the building; 4 of the 5 tenants have been long term
- Large parking availability on site
Local Financial Insights For Office B
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 | $171.3k | $8.04 |
| − Vacancy | −$26.4k | −$1.24 |
| EGI | $144.9k | $6.80 |
| − OpEx | −$36.2k | −$1.70 |
| NOI | $108.7k | $5.10 |
21,307 SF · lease $8.04/SF/yr · vacancy 15.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,695 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$3.49M
$3.06M – $4.07M
NOI $244,405 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wyoming Senior Citizens ...
Charitable Organization
Governers Office
Employment Agency
Traci Howery
Physician
Lexis Wallace
Counselor
Sierra Jones
Counselor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Multi-tenant office building with parking and visibility, currently leased to five tenants, four of whom are long term.
Where is this office building located?
The property is located at 3120 OLD FAITHFUL RD Cheyenne, WY.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: Building features over 21,000 total square feet; 5 tenants currently occupy a small portion of the building; 4 of the 5 tenants have been long term; Large parking availability on site
