Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Historic Building in Downtown Laramie Title is generated by Realmo AI

    320 E Grand Ave, Laramie, WY 82070

    View on Map
    Claim this Listing
    For Sale
    $1,495,000

    32,246 SF historic building with remodeled office and warehouse space.

    Property size:
    32,246 SF
    Price / SF:
    $46/SF
    Added:
    Jan 15, 2026
    Days on Market:
    135
    Last Refresh:
    May 27 at 1:29 pm

    Property Features for 320 E Grand Ave

    General Information

    Standard status
    Active
    Size
    32,246 SF

    We can help!

    Listing Contact
    Dave Clements

    Listing agent Dave Clements

    Listing office One West Real Estate

    Listing date Jan 15, 2026

    Source Exprealty

    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 One West Real Estate

    HighLights

    • 32,246 SF Historic Building in Downtown Laramie
    • Over 12,000 SF of Remodeled Professional Office Space
    • DC (Downtown Commercial) Zoning
    • 15 Parking Spaces
    • 14,066 SF Basement
    • Warehouse Space with 1,000 SF Loading Area and 25’ Ceilings

    Overview

    This 32,246 square foot historic building is located in downtown Laramie. The property is zoned DC (Downtown Commercial) and includes 15 parking spaces. Situated across the street from the Albany County Courthouse and the City of Laramie government offices, it is also six blocks from the University of Wyoming campus and within walking distance of downtown amenities. The building features over 12,000 square feet of remodeled professional office space and a 14,066 square foot basement. The main level includes warehouse space with a 1,000 square foot loading area that provides 25-foot ceilings.
    Location Intelligence

    Current Use by Public Records

    Laramie Boomerang Publishing House Psychic Readings Love ... Spiritual Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Laramie
    County
    Albany
    State
    Wyoming
    Longitude
    -105.5926835
    Latitude
    41.310541

    Nearby Similar for Sale

    • $2,100,000
      2,800 SF

      68 Acres Mountain Retreat

      Remarkable mountain retreat with fishing stream near Laramie, Wyoming.
      20 Porter Ranch Rd, Laramie, WY 82070
      View Details
    • $1,399,000

      Laramie Ranch with Income Potential

      150+ acre ranch featuring a remodeled home and income potential.
      2084 HWY 230, Laramie, WY 82070
      View Details
    • $3,645,000
      29,760 SF

      Laramie Industrial Flex Space

      Four-building industrial complex with office, lab, flex, and warehouse space.
      2931 SOLDIER SPRINGS RD, Laramie, WY 82070
      View Details
    • $875,000
      12,400 SF

      Restaurant building

      Commercial building with restaurant and multi-use units in downtown Laramie.
      207 3Rd St, Laramie, WY 82070
      View Details
    • $850,000

      Rural Home with Custom Closet

      Modern 4-bedroom home on a spacious landscaped lot.
      746 BARRICADE RD, Laramie, WY 82070
      View Details
    • $375,000
      2,400 SF

      Versatile Commercial Property on N 4th

      High-visibility commercial property with flexible zoning and ample space.
      1257 N 4th St, Laramie, WY 82072
      View Details
    • $2,000,000
      13,042 SF

      Laramie Medical Facility For Sale

      Purpose-built medical facility in Laramie, Wyoming, available for immediate occupancy.
      1122 S Adams St, Laramie, WY 82070
      View Details
    • $900,000

      Turnkey Restaurant Opportunity in Laramie

      Established restaurant with loyal following, turnkey operation, and liquor license.
      367 W Clark St, Laramie, WY
      View Details
    • $1,200,000
      5,730 SF

      Versatile Commercial Property with Shop

      Multi-use property with office, shop space, and ample parking.
      902 S 3rd St, Laramie, WY 82070
      View Details
    • $340,000

      Hangar with Living Spaces

      Hangar with living spaces at Brees Field Airport.
      Brees Field, Laramie, WY 82070
      View Details

    FAQs

    What type of property is this?
    Office building - 32,246 SF historic building with remodeled office and warehouse space.
    Where is this office building located?
    The property is located at 320 E Grand Ave Laramie, WY.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: 32,246 SF Historic Building in Downtown Laramie; Over 12,000 SF of Remodeled Professional Office Space; DC (Downtown Commercial) Zoning
    (307) 214-1298
    We can help!
    Listing Contact
    Dave Clements
    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

    Thank You for Inquiry
    320 E Grand Ave, Laramie, WY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!