Flexible Property on Skyview
3666 Aviator Ct Cheyenne, WY 82009
3666 Aviator Ct, Cheyenne, WY, 82009
$940,000
For Sale
$940,000
Built in 2023, suitable for office, warehouse, or residential.
Property Size7,000 SF
Price / SF$134.29
Days on Market324
Property Features for 3666 Aviator Ct
General Information
- Standard status
- Active
- Size
- 7,000 SF
Listing Agency
RE/MAX Capitol Properties
(307) 630-9342
Listed by
Steven Prescott
(307) 630-9342
Source
Exprealty
Added: Aug 28, 2025 Checked: Jul 16 at 11:23 pm
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 RE/MAX Capitol Properties
Investment Insights
Based on property information with market context.
This flexible property, constructed in 2023, presents an opportunity for various uses, including office space, warehousing, rental units, or hangar space, with direct access to the 4000-foot grass airstrip at Skyview Airpark. The building includes two 1200 sq ft apartment units, each featuring separate entrances, two bedrooms, one bathroom, a living room, and a kitchen. Additionally, there is a 40x50 shop space that is heated and insulated, along with a 50x40 hangar space equipped with a 40x12 bi-fold power hangar door. The property offers a unique combination of residential and commercial possibilities.
Key Highlights
- Direct access to 4000' grass air strip at Skyview Airpark.
- Flexible property use: office, warehouse, rental units, or hangar.
- Includes two 1200 sq ft apartment units with separate entrances.
Local Financial Insights For Multifamily LT 5
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 | $107.5k | $15.36 |
| − Vacancy | −$5.9k | −$0.84 |
| EGI | $101.6k | $14.52 |
| − OpEx | −$30.5k | −$4.35 |
| NOI | $71.1k | $10.16 |
7,000 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$889.1K – $1.19M
NOI $71,124 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$916.8K
$802.2K – $1.07M
NOI $64,176 @ 7.0% cap · market cap 6.83%
Theoretical Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,294 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Milliron TJ Construction
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Built in 2023, suitable for office, warehouse, or residential.
Where is this mixed-use property located?
The property is located at 3666 Aviator Ct Cheyenne, WY.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: Direct access to 4000' grass air strip at Skyview Airpark.; Flexible property use: office, warehouse, rental units, or hangar.; Includes two 1200 sq ft apartment units with separate entrances.
