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    Ranch Property with Spacious Home Title is generated by Realmo AI

    60 Valley View Drive, Newcastle, WY 82701

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    Claim this Listing
    For Sale
    $785,000

    Farm/Estate, Ranch - Newcastle, WY

    Type:Farm
    Property size:
    3,293 SF
    Lot size:
    59.00 Acres
    Price / SF:
    $238/SF
    Added:
    Jan 17, 2026
    Days on Market:
    139
    Last Refresh:
    Jun 5 at 4:06 am

    Property Features for 60 Valley View Drive

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Living Room
    Parking features
    Garage, Garage - Detached
    Interior features
    Walk-in Closet
    Fireplace
    1
    Standard status
    Active
    Size
    3,293 SF
    Lot size
    59.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Fireplace(s), Forced Air, Propane (Heating), Wood (Heating), Wood Stove
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Year renovated
    1999
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jim Pederson

    Listing agent Jim Pederson

    Listing office Arnold Realty, Inc. PO Box 98, Newcastle, WY

    Listing date Jan 17, 2026

    MLS# 11633590 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Enjoy expansive Black Hills views from this 59‑acre property with diverse landscape.
    • Private location at the end of the road, yet minutes from town.
    • Spacious 3,293 sq ft home featuring 4 bedrooms, 2.5 baths, and open living spaces.
    • No covenants, offering freedom for recreation or livestock.
    • Multiple decks and patios provide ample space for outdoor enjoyment.
    • Detached oversized two‑car garage includes tack storage, workshops, horse shelter, and hay storage.

    Overview

    Situated on 59 acres, this ranch-style property combines wooded hills, deep draws, open meadows, and rock outcroppings with mature ponderosa pine, cedar, and aspen. The home is set in a wooded hilltop setting overlooking the Salt Creek Valley, offering expansive Black Hills views toward the eastern horizon. Inside, the spacious residence totals 3,293 square feet and features 4 bedrooms and 2.5 bathrooms, with open living and entertaining spaces, abundant natural light, and multiple decks and patios.

    Located at the end of the road near Newcastle, Wyoming, the property is positioned for privacy while remaining just minutes from town. The landscape provides a mix of timbered and open areas, supporting a quiet, scenic setting.

    Beyond the house, the additional improvements are well suited for horses and outdoor use. There is a detached oversized two-car garage with tack storage, two workshops, a horse shelter, and covered hay storage. With no covenants in place, the property offers flexibility for recreation or livestock, supported by both the acreage and the dedicated equestrian structures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Newcastle
    County
    Weston
    State
    Wyoming
    Longitude
    -104.164
    Latitude
    43.8759

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    FAQs

    What type of property is this?
    Horse & equestrian property - A private 59-acre ranch estate with a hilltop 4-bedroom home and equestrian-ready outbuildings for recreation or livestock.
    Where is this horse & equestrian property located?
    The property is located at 60 Valley View Drive Newcastle, WY.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: Enjoy expansive Black Hills views from this 59‑acre property with diverse landscape.; Private location at the end of the road, yet minutes from town.; Spacious 3,293 sq ft home featuring 4 bedrooms, 2.5 baths, and open living spaces.
    (307) 746-2083
    We can help!
    Listing Contact
    Jim Pederson
    Request Owner's contact information
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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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