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    1457 Coffeen Ave Sheridan, WY 82801

    Sponsored
    For Sale
    $4,800,000

    Sheridan, WY mixed-use investment opportunity.

    Property size:
    101,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a unique chance to acquire the historic Holly Sugar Factory building in Sheridan, Wyoming. Located at 1457 Coffeen Ave, Sheridan, WY 82801, this 101,000 square foot, five-story structure sits on a 2.45-acre lot and offers a compelling blend of industrial and mixed-use potential. Currently operating at 35% occupancy with six tenants, the property generates a net operating income (NOI) of $400,000, yielding a 9.33% cap rate. The asking price is $4,800,000, translating to $44.55 per square foot. The building boasts ceiling heights ranging from 8 to 25 feet, providing ample space for diverse uses. Its M1 zoning allows for a variety of development options. The main floor alone exceeds 56,000 square feet, suitable for individual or multiple lease spaces. Upper floors offer blank slate opportunities for additional leasable space, potentially adaptable for residential use with stunning Big Horn Mountain views. This prime real estate campus offers immediate income from existing tenants, providing a solid foundation for future development and increased profitability. The current NOI supports a 25% cash-to-debt ratio with standard financing. This is a rare chance to capitalize on Sheridan's growing economy and create a landmark mixed-use development.

    Property Features for 1457 Coffeen Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    101,000 SF
    Lot Size
    106,722 SF

    Building Details

    Stories
    5

    HighLights

    • Historic Holly Sugar Factory redevelopment opportunity in Sheridan, WY.
    • 101,000 SF, five‑story building on a 2.45‑acre lot, currently 35% occupied with $400,000 NOI and a 9.33% cap rate.
    • Asking price: $4,800,000 ($44.55/SF).
    • Main floor exceeds 56,000 SF, adaptable for single or multiple tenants; upper floors offer blank slate space for lease or residential conversion with mountain views.
    • M1 zoning allows for diverse development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Holly Reimagined, LLC Storage Facility Holly Seed Agriculture

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Sheridan
    State
    Wyoming
    Longitude
    -106.94168636
    Latitude
    44.78231285

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    FAQs

    What type of property is this?
    Multifamily property - Sheridan, WY mixed-use investment opportunity.
    Where is this multifamily property located?
    The property is located at 1457 Coffeen Ave Sheridan, WY.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: Historic Holly Sugar Factory redevelopment opportunity in Sheridan, WY.; 101,000 SF, five-story building on a 2.45-acre lot, currently 35% occupied with $400,000 NOI and a 9.33% cap rate.; Asking price: $4,800,000 ($44.55/SF).
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    Realmo Value Estimation

    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.

    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.

    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
    1457 Coffeen Ave Sheridan, WY 82801
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