Leased Office Building with Conference
813 E Lincolnway Cheyenne, WY 82001
For Sale
$800,000
Two-level office space includes bright offices and a conference room, currently under a 5-year lease.
Property Size6,000 SF
Price / SF$133.33
Days on Market628
Property Features for 813 E Lincolnway
General Information
Standard status
Active
Size
6,000 SF
Listing Agency:
#1 Properties
(307) 630-5161
Listed By:
Jim Weaver · License #10624
(307) 630-5161
Source:
Exprealty
Added: Nov 7, 2024
Changed: Jul 23
Last Checked: Jul 27 at 12:10AM
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 leased office building is configured with bright, large offices and a conference room. The layout is split across two levels, with 3,000 on the upper floor and 3,000 on the lower level. Fire sprinklers are located on the lower level, and dual exits are in place to support occupancy. Fiber optics internet service is also provided.
The property is located at 813 E Lincolnway in Cheyenne, Wyoming. A 5-year lease is currently in place with a Class A tenant, and the offering is presented as performing at a 7.0% CAP.
The property is located at 813 E Lincolnway in Cheyenne, Wyoming. A 5-year lease is currently in place with a Class A tenant, and the offering is presented as performing at a 7.0% CAP.
Key Highlights
- Currently under a 5‑year lease with a Class A tenant
- Property has a 7.0% CAP performance
- Two‑level office space with bright, large offices plus a conference room
Financial Insights For Healthcare Medical
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 | $108.0k | $18.00 |
| − Vacancy | −$21.6k | −$3.60 |
| EGI | $86.4k | $14.40 |
| − OpEx | −$34.6k | −$5.76 |
| NOI | $51.8k | $8.64 |
6,000 SF · lease $18.00/SF/yr · vacancy 20.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 6.48%
Second Best
Office B
$437.3K
$382.6K – $510.1K
NOI $30,608 @ 7.0% cap · market cap 3.83%
Theoretical Best
Retail
$983.2K
$860.3K – $1.15M
NOI $68,824 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-level office space includes bright offices and a conference room, currently under a 5-year lease.
Where is this office building located?
The property is located at 813 E Lincolnway Cheyenne, WY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Currently under a 5‑year lease with a Class A tenant; Property has a 7.0% CAP performance; Two‑level office space with bright, large offices plus a conference room
