Two-Level Office Building with
813 E LINCOLNWAY Cheyenne, WY 82001
813 E LINCOLNWAY, Cheyenne, WY, 82001
$800,000
For Sale
$800,000
COMMERCIAL - Cheyenne, WY
Property Size6,000 SF
Lot Size0.08 Acres
Price / SF$133.33
Days on Market817
Property Features for 813 E LINCOLNWAY
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Appliances
- Building, Fixtures, Land
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1800
Building Details
- Year built
- 1952
- Building materials
- Block
- Roof type
- Membrane
Listing Agency
#1 Properties
(307) 634-2222
6106 Yellowstone Rd, Cheyenne, WY
Listed by
Jim Weaver · License #10624
(307) 630-5161
Added: Apr 24, 2024 Checked: Jul 19 at 11:06 am
MLS# 93256
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.
Investment Insights
Based on property information with market context.
This two-level office building offers bright, large offices along with a conference room. The layout is split evenly with approximately 3,000 square feet upstairs and 3,000 square feet downstairs. The downstairs area includes fire sprinkler protection and dual exits intended to support usable occupancy.
Located at 813 E Lincolnway in Cheyenne, the property benefits from an established presence on Lincolnway. The listing notes a 5-year lease in place with a Class A tenant. Fiber optics internet service is available, with the property described as providing reliable, high-speed connectivity.
For buyers seeking an office asset with in-place income, the current 5-year lease and the stated 7.0% cap performance may align with a stabilized investment objective. The property’s split-level configuration, conference room, sprinklered lower level, and dual-exit arrangement give it a practical setup for office-focused tenants that need dedicated work areas and meeting space.
Located at 813 E Lincolnway in Cheyenne, the property benefits from an established presence on Lincolnway. The listing notes a 5-year lease in place with a Class A tenant. Fiber optics internet service is available, with the property described as providing reliable, high-speed connectivity.
For buyers seeking an office asset with in-place income, the current 5-year lease and the stated 7.0% cap performance may align with a stabilized investment objective. The property’s split-level configuration, conference room, sprinklered lower level, and dual-exit arrangement give it a practical setup for office-focused tenants that need dedicated work areas and meeting space.
Key Highlights
- 5‑year lease in place with a Class A tenant
- 7.0% CAP performance noted in the listing
- Block construction with membrane roof; year built 1952
Local Financial Insights For Office B
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 | $48.2k | $8.04 |
| − Vacancy | −$7.4k | −$1.24 |
| EGI | $40.8k | $6.80 |
| − OpEx | −$10.2k | −$1.70 |
| NOI | $30.6k | $5.10 |
6,000 SF · lease $8.04/SF/yr · vacancy 15.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$437.3K
$382.6K – $510.1K
NOI $30,608 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Leased Class A office space with bright offices, conference room, and fiber-ready connectivity.
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: 5‑year lease in place with a Class A tenant; 7.0% CAP performance noted in the listing; Block construction with membrane roof; year built 1952
