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    363 JJ RD Chugwater, WY 82210

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    Claim this Listing
    For Sale
    Under Contract
    $330,000

    Rural Residential, RANCH - Chugwater, WY

    Type:Farm
    Lot size:
    5.00 Acres
    Added:
    Mar 8, 2025
    Days on Market:
    418
    Last Refresh:
    Apr 30 at 10:06 am

    Property Features for 363 JJ RD

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room
    Parking
    2
    Parking features
    RV
    Vegetation
    Grassed
    Patio and Porch features
    Porch
    Interior features
    Eat In Kitchen, Extra Insulation, Separate Dining, Main Floor Laundry, Main Floor Primary
    Exterior features
    Utility Shed, Outbuilding, Porch, Covered Porch, Native Grasses And Plants
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Washer
    Standard status
    Active Under Contract
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1540

    Utilities

    Heating system
    Baseboard, Fireplace(s), Radiant
    Cooling system
    Evaporative Cooling

    Building Details

    Year built
    1950
    Building materials
    Stucco
    Architectural style
    Ranch
    Additional Structures
    Outbuilding, Packing Shed, Shed(s)

    We can help!

    Listing Contact
    Kay Parker

    Listing agent Kay Parker

    Listing office eXp Realty, LLC 2617 E Lincolnway, Cheyenne, WY

    Listing date Mar 8, 2025

    MLS# 96324 Listing URL

    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.

    Overview

    Chugwater Ranch Home with Barn

    This quiet country ranch home is located at the end of the road and offers a rural residential lifestyle without covenants. The property includes outbuildings, a 50x100 pole barn, and a bunk house or she shed. A large covered front porch provides space for relaxation. The property is set up for a homestead, complete with two chicken coops and two fully fenced chicken runs. Recent upgrades include new plumbing, electric with ground fault protection, and a recently replaced well pump. The property spans 5 acres. It is located approximately 5 miles from the Mercantile for livestock feed, fresh eggs, and dairy from local family farms. The famous Soda Fountain is nearby for dining. Local Chugwater events include the Chugwater Chili Cookoff. Excellent hunting opportunities for deer, antelope, elk, and birds are available on the property. The location is approximately 40 minutes from Cheyenne and 30 minutes from Wheatland.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Chugwater
    County
    Platte
    State
    Wyoming
    Longitude
    -104.725835
    Latitude
    41.769889

    FAQs

    What type of property is this?
    Farm - Quiet country ranch home with outbuildings and large porch.
    Where is this farm located?
    The property is located at 363 JJ RD Chugwater, WY.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: No covenants, offering freedom and flexibility.; 50x100 pole barn and additional outbuildings, suitable for various uses.; Homestead‑ready with chicken coops, fenced runs, and proximity to livestock feed.
    (307) 331-5077
    We can help!
    Listing Contact
    Kay Parker
    Learn More
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    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
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