Two-Story Retail and Medical
4620 GRANDVIEW AVE Cheyenne, WY 82009
4620 GRANDVIEW AVE, Cheyenne, WY, 82009
$5,685,000
For Sale
$5,685,000
COMMERCIAL - Cheyenne, WY
Property Size31,047 SF
Lot Size0.99 Acres
Price / SF$183.11
Days on Market219
Property Features for 4620 GRANDVIEW AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Appliances
- Building, Fixtures, Land
- Standard status
- Active
- Size
- 31,047 SF
- Lot size
- 0.99 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- THE NORTH 348' OF LOT 1, BLOCK 1
- Tax Annual Amount
- 21300
Building Details
- Year built
- 1985
- Roof type
- Membrane
Listing Agency
Century 21 Bell Real Estate
(307) 635-0336
2103 Warren Ave, Cheyenne, WY
Listed by
Linda Weppner
(307) 630-0955
Added: Dec 11, 2025 Checked: Jul 18 at 9:06 pm
MLS# 99307
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 two-story commercial building offers a storefront presence with large windows and open floor plans designed for multiple business layouts. Current leased spaces include a restaurant and a dental office, as well as a childcare center and additional suites, providing an operating mix across the property. At approximately 31,047 square feet, the building supports flexible use as an owner-user or an investor building, with the ability to expand within the existing configuration.
The property is located at 4620 Grandview Ave in Cheyenne, WY, with visibility on Dell Range Blvd as described in the listing. The site is set up with ample parking and easy ingress and egress, supporting customer and staff access for retail and service-oriented tenants.
For tenants and buyers seeking a commercial asset that can accommodate a range of uses, the combination of storefront frontage, multiple suites, and the current tenant mix may be well suited for medical, childcare, dining, and other neighborhood retail needs. The property is described as zoned commercial, and it is positioned for those looking to operate or diversify within an existing multi-tenant building.
The property is located at 4620 Grandview Ave in Cheyenne, WY, with visibility on Dell Range Blvd as described in the listing. The site is set up with ample parking and easy ingress and egress, supporting customer and staff access for retail and service-oriented tenants.
For tenants and buyers seeking a commercial asset that can accommodate a range of uses, the combination of storefront frontage, multiple suites, and the current tenant mix may be well suited for medical, childcare, dining, and other neighborhood retail needs. The property is described as zoned commercial, and it is positioned for those looking to operate or diversify within an existing multi-tenant building.
Key Highlights
- Own a 2‑story commercial building built in 1985 on Dell Range Blvd
- Leased spaces include a restaurant, dental office, and childcare center
- Multiple suites with open floor plans and large windows for flexible business layouts
Local Financial Insights For Retail
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 | $577.5k | $18.60 |
| − Vacancy | −$68.7k | −$2.21 |
| EGI | $508.8k | $16.39 |
| − OpEx | −$152.6k | −$4.92 |
| NOI | $356.1k | $11.47 |
31,047 SF · lease $18.60/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.09M
$4.45M – $5.94M
NOI $356,128 @ 7.0% cap · market cap 6.26%
Second Best
Healthcare Medical
$3.83M
$3.35M – $4.47M
NOI $268,246 @ 7.0% cap · market cap 4.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hard Money Lenders ...
Loan Service
Wyoming Cosmetic & Family ...
Dental Office
OneMain Financial
Loan Service
Financial Wize Home ...
Nursing Home
Little Beans Playhouse ...
Daycare Center
Similar For Sale Nearby
Similar Off Market Nearby
- Sam's Club Floral — 1948 Dell Range Blvd, Cheyenne, WY 82009
FAQs
What type of property is this?
Storefront property - Multi-suite two-story commercial building with leased restaurant, dental office, and childcare space, plus ample parking.
Where is this storefront property located?
The property is located at 4620 GRANDVIEW AVE Cheyenne, WY.
What is the asking price?
The asking price for this property is $5,685,000.
What are key features of this property?
This property features: Own a 2‑story commercial building built in 1985 on Dell Range Blvd; Leased spaces include a restaurant, dental office, and childcare center; Multiple suites with open floor plans and large windows for flexible business layouts
