Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    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

    Nearby Similar for Sale

    • $98,000
      0.11 Acres

      Sheridan, WY Building Site

      Mixed-use building site in a master-planned community near downtown.
      Tbd Ave, Sheridan, WY 82801
      View Details
    • $354,000
      1,855 SF

      Historic Downtown Multi-Family Home

      Versatile home in central Sheridan, suitable for residential or business.
      672 Illinois St, Sheridan, WY 82801
      View Details
    • New
      $325,000

      Spacious Shop & Storage Units

      Premium units ideal for business, car enthusiasts, or RV storage.
      1715 N Gould St, Sheridan, WY 82801
      View Details
    • $325,000

      Premium Shop & Storage Units

      Spacious units ideal for business, cars, RVs, and storage.
      1715 N Gould St, Sheridan, WY 82801
      View Details
    • $325,000

      Premium Shop & Storage Units

      Spacious units ideal for business, cars, RV, boat storage.
      1715 N Gould St, Sheridan, WY 82801
      View Details
    • $325,000

      Spacious Shop & Storage Units

      Premium units ideal for business, cars, RVs, and storage.
      1715 N Gould St, Sheridan, WY 82801
      View Details
    • $325,000

      Premium Shop & Storage Units

      Spacious units ideal for business, cars, RVs, and storage.
      1715 N Gould St, Sheridan, WY 82801
      View Details
    • $325,000

      Sheridan Warehouse and Storage Units

      Premium shop and storage units suitable for various uses.
      1715 N Gould St, Sheridan, WY 82801
      View Details
    • New
      $325,000

      Spacious Shop & Storage Units

      Premium units ideal for business, car enthusiasts, or RV storage.
      1715 N Gould St, Sheridan, WY 82801
      View Details
    • Contact for pricing

      Downtown Sheridan Executive Office Suite

      Executive office suite in the heart of Sheridan, Wyoming.
      4 S Main St, Sheridan, WY 82801
      View Details
    • New
      $199,000

      Storage/Shop Space with Easy Access

      Storage/shop space with large overhead door and ample parking.
      1705 E Brundage Ln, Sheridan, WY 82801
      View Details
    • Contact for pricing

      Downtown Sheridan Office Space Available

      Office space in downtown Sheridan, high visibility, utilities included.
      203 S Main St, Sheridan, WY 82801
      View Details

    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).
    Request Owner's contact information
    1457 Coffeen Ave Sheridan, WY 82801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1457 Coffeen Ave
    Sheridan, WY 82801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.