Storefront Retail Building with
For Sale
$950,000
5709 Yellowstone Rd, Cheyenne, WY 82009
Commercial building with customer parking, multiple work areas, and two curb cuts supporting convenient vehicle circulation.
Property Size3,136 SF
Price / SF$302.93
Days on Market49
Property Features for 5709 Yellowstone Rd
General Information
Standard status
Active
Size
3,136 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Road Access
Yes
Building Details
Year Built
1994
Buildings
1
Listing Agency:
#1 Properties
(307) 630-5444
Listed By:
Bonnie Berry · License #5051
Source:
Cheyennehomesource
Added: Jul 12
Changed: Aug 28
Last Checked: Aug 25 at 6:02AM
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 #1 Properties
Investment Insights
Based on property information with market context.
This 3,136-square-foot storefront property combines a broad showroom with practical back-of-house and administrative areas. The layout includes an office, dry storage room, prep area, and walk-in chiller room, providing a range of spaces for retail and related commercial operations.
A sizable parking area serves the building, while two curb cuts connect the property to surrounding streets and support separate vehicle access points. The property is located at 5709 Yellowstone Rd in Cheyenne, Wyoming, near McDonald's, a gas station, restaurants, fast-food businesses, a grocery store, a bank, a liquor store, and a bar.
A sizable parking area serves the building, while two curb cuts connect the property to surrounding streets and support separate vehicle access points. The property is located at 5709 Yellowstone Rd in Cheyenne, Wyoming, near McDonald's, a gas station, restaurants, fast-food businesses, a grocery store, a bank, a liquor store, and a bar.
Key Highlights
- 3,136 SF storefront retail building
- Grand showroom, office, dry storage, prep area, and walk‑in chiller room
- Large parking lot supports on‑site customer access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,972
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$719,440
$719.4K
Cap Rate 7%
$513,886
$513.9K
Cap Rate 9%
$399,689
$399.7K
Market Conditions
NOI Build-Up for 3,136 SF
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.
Gross rent
$58.3K $18.60/SF
− Vacancy
−$6.9K −$2.21/SF
EGI
$51.4K $16.39/SF
− OpEx
−$15.4K −$4.92/SF
NOI
$36.0K $11.47/SF
Area
Laramie County, WY
Vacancy
11.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$719,440
Cap Rate 7%
$513,886
Cap Rate 9%
$399,689
Alternative Uses
Best Use
Retail
$513.9K
$449.7K – $599.5K
NOI $35,972 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Under-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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Bouquets Unlimited, Inc. — 5709 Yellowstone Rd, Cheyenne, WY 82009
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- Bouquets Unlimited — 5709 yellowstone rd, cheyenne, wy 82009
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with customer parking, multiple work areas, and two curb cuts supporting convenient vehicle circulation.
Where is this storefront property located?
The property is located at 5709 Yellowstone Rd Cheyenne, WY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,136 SF storefront retail building; Grand showroom, office, dry storage, prep area, and walk‑in chiller room; Large parking lot supports on‑site customer access
