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    Rural Ranch Home on Acreage Title is generated by Realmo AI

    6109 CRAZY HORSE RD, Cheyenne, WY 82009

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    For Sale
    $970,000

    Rural Residential, RANCH - Cheyenne, WY

    Type:Farm
    Lot size:
    5.19 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    112
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for 6109 CRAZY HORSE RD

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    3
    Patio and Porch features
    Patio, Porch
    Interior features
    Den/Study/Office, Pantry, Separate Dining, Main Floor Laundry, Vaulted Ceiling, Walk-in Closet, Wet Bar, Main Floor Primary, Programmable Thermostat, High Effic. Hvac 95% +, Ceiling Fan
    Exterior features
    Patio, Covered Porch, No Landscaping
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Standard status
    Active
    Lot size
    5.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    596.29

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Belinda Sawyer
    Belinda Sawyer

    Listing agent Belinda Sawyer

    Listing office RE/MAX Capitol Properties 4000 Central Ave., Cheyenne, WY

    Listing date Feb 11, 2026

    MLS# 100948 Listing URL

    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.

    HighLights

    • New construction ranch home built in 2026 with 6 bedrooms and 3 bathrooms.
    • Fully finished basement with a wet bar for additional living or entertaining space.
    • Main floor primary suite with a private office plus his‑and‑hers walk‑in closets and a 5‑piece bathroom.
    • Gourmet kitchen with dishwasher, range, and refrigerator.
    • Central air and forced‑air heating, plus high‑efficiency HVAC (95%+).
    • Ranch home sits on 5 acres with a patio and covered porch.

    Overview

    A new construction ranch home built by Icon Builders offers a spacious interior designed for comfortable everyday living and entertaining. The home features six bedrooms and three bathrooms, including a fully finished basement with a wet bar for additional recreation space. Hardwood floors, unique tile, and high-end finishes run throughout, complemented by custom cabinetry and sleek countertops in the gourmet kitchen. The primary suite includes his-and-hers closets, a private office, a workout room, a nursery, a sitting room, and a 5-piece bathroom. Inside photographs are from a previous build, providing a reference for finish level and design.

    Set on 5.19 acres, the property is positioned for privacy and a rural feel while still being minutes from town. This acreage setting supports outdoor activities and offers room to spread out beyond the main living spaces.

    While this is a residential property rather than a commercial asset, it may appeal to buyers looking for a turnkey, larger-format ranch home with luxury interior upgrades and a finished basement. The combination of multiple dedicated spaces in the primary area and a wet bar in the lower level can fit a range of lifestyle needs, from home office and training to hosting gatherings, all within a quiet, acreage environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.771416
    Latitude
    41.23163

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    FAQs

    What type of property is this?
    Residential land & home lot - Newly built ranch-style home with finished basement, wet bar, and expansive outdoor space minutes from town.
    Where is this residential land & home lot located?
    The property is located at 6109 CRAZY HORSE RD Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $970,000.
    What are key features of this property?
    This property features: New construction ranch home built in 2026 with 6 bedrooms and 3 bathrooms.; Fully finished basement with a wet bar for additional living or entertaining space.; Main floor primary suite with a private office plus his‑and‑hers walk‑in closets and a 5‑piece bathroom.
    (307) 635-0303
    We can help!
    Listing Contact
    Belinda Sawyer
    Belinda Sawyer
    Real Estate License ID: RE-14677
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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.

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