2023 Flex Property with
For Sale
$940,000
3666 Aviator Ct, Cheyenne, WY 82009
Mixed-use configuration combines two apartment units with heated shop and aviation-oriented hangar space.
Property Size7,000 SF
Price / SF$134.29
Days on Market163
Property Features for 3666 Aviator Ct
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Commercial
Building Details
Year Built
2023
Buildings
1
Listing Agency:
RE/MAX Capitol Properties
Listed By:
Steven Prescott
(307) 635-0303
Source:
Cheyennehomesource
Added: May 5
Changed: Oct 7
Last Checked: Oct 12 at 7:50PM
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.
Built in 2023, this 2,400-square-foot flex property combines residential, shop, and hangar components. The residential portion includes two 1,200-square-foot apartment units, each with a separate entrance, two bedrooms, one bathroom, a living room, and a kitchen. The building also contains a heated and insulated 40-by-50-foot shop, plus a 50-by-40-foot hangar with a 40-by-12-foot bi-fold power door.
The property is situated directly on the 4,000-foot grass airstrip serving Skyview Airpark at 3666 Aviator Ct in Cheyenne, Wyoming. Its configuration supports office, warehouse, rental-unit, or hangar use as described.
The property is situated directly on the 4,000-foot grass airstrip serving Skyview Airpark at 3666 Aviator Ct in Cheyenne, Wyoming. Its configuration supports office, warehouse, rental-unit, or hangar use as described.
Key Highlights
- Two 1,200‑square‑foot apartment units, each with 2 bedrooms and 1 bathroom
- 40‑by‑50‑foot heated and insulated shop space
- 50‑by‑40‑foot hangar with a 40‑by‑12‑foot bi‑fold power hangar door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,124
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,480
$1.4M
Cap Rate 7%
$1,016,057
$1.0M
Cap Rate 9%
$790,267
$790.3K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$107.5K $15.36/SF
− Vacancy
−$5.9K −$0.84/SF
EGI
$101.6K $14.52/SF
− OpEx
−$30.5K −$4.35/SF
NOI
$71.1K $10.16/SF
Area
Laramie County, WY
Vacancy
5.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,480
Cap Rate 7%
$1,016,057
Cap Rate 9%
$790,267
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 82009, WY
35,700
Population
15,361
Households
2.3
Avg Household Size
44
Median Age
41%
College-Educated
96%
High-School Grad
1,277.8 sq mi
ZIP Area
28
Density / Sq Mi
$102,727
Median Household Income
$57,157
Median Earnings
$1,106
Median Rent
$415,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Mixed-use configuration combines two apartment units with heated shop and aviation-oriented hangar space.
Where is this flex space 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: Two 1,200‑square‑foot apartment units, each with 2 bedrooms and 1 bathroom; 40‑by‑50‑foot heated and insulated shop space; 50‑by‑40‑foot hangar with a 40‑by‑12‑foot bi‑fold power hangar door
