Turnkey Automotive Office and
601 E Lincolnway Cheyenne, WY 82001
601 E Lincolnway, Cheyenne, WY, 82001
$690,000
Pending
For Sale
$690,000
Pending
Updated exterior and interior with separate office, shop, and garage entrances plus an upstairs one-bedroom apartment.
Property Size3,572 SF
Days on Market113
Property Features for 601 E Lincolnway
General Information
- Standard status
- Pending
- Size
- 3,572 SF
Listing agency
Real Wyo Real Estate
(307) 757-7921
Listed by
Jason West · License #RE13531
(307) 757-7921
Source
Exprealty
Added: Mar 31 Updated: Jul 21 at 5:42AM Checked: Jul 21 at 5:42AM
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 Real Wyo Real Estate
Investment Insights
Based on property information with market context.
Turnkey downtown commercial property with recent upgrades including new exterior paint, new carpet, new sheetrock, renovated bathrooms, new windows, and a new patio door. The layout includes separate entrances for the office, shop, and garage, supporting multiple operating areas within one building.
The property is located at 601 E Lincolnway in Cheyenne, on Lincolnway/16th Street and Maxwell Avenue, and it offers two separate addresses. An upstairs one-bedroom apartment includes a large patio accessed from the new patio door.
The existing configuration combines office space with automotive-oriented shop and garage areas, along with the additional residential apartment above, allowing flexibility for a single business or combined uses under one roof.
The property is located at 601 E Lincolnway in Cheyenne, on Lincolnway/16th Street and Maxwell Avenue, and it offers two separate addresses. An upstairs one-bedroom apartment includes a large patio accessed from the new patio door.
The existing configuration combines office space with automotive-oriented shop and garage areas, along with the additional residential apartment above, allowing flexibility for a single business or combined uses under one roof.
Key Highlights
- Downtown Cheyenne commercial property with updated exterior and interior finishes
- New windows and exterior paint, plus new carpet and new sheetrock
- New bathrooms and a new patio door
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 | $66.4k | $18.60 |
| − Vacancy | −$7.9k | −$2.21 |
| EGI | $58.5k | $16.39 |
| − OpEx | −$17.6k | −$4.92 |
| NOI | $41.0k | $11.47 |
3,572 SF · lease $18.60/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$585.3K
$512.2K – $682.9K
NOI $40,973 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$467.8K
$409.4K – $545.8K
NOI $32,748 @ 7.0% cap · market cap 4.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Precision Graphics Inc
Marketing & Advertising
Hi-Tech Paintless Dent ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Machine Shop — 711 russell ave, cheyenne, wy 82007
- Mars 4X4 Performance — 212 E 9th St, Cheyenne, WY 82007
- Caliber Collision — 821 W Lincolnway, Cheyenne, WY 82001
- 307 Mechanical — 929 Capitol Ave, Cheyenne, WY 82007
- Cheyenne Collison Center — 713 Deming Dr, Cheyenne, WY 82007
FAQs
What type of property is this?
Auto shop - Updated exterior and interior with separate office, shop, and garage entrances plus an upstairs one-bedroom apartment.
Where is this auto shop located?
The property is located at 601 E Lincolnway Cheyenne, WY.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Downtown Cheyenne commercial property with updated exterior and interior finishes; New windows and exterior paint, plus new carpet and new sheetrock; New bathrooms and a new patio door
