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    Ranch Four-Plex with Garages Title is generated by Realmo AI

    8935 W US Highway 16 W, Buffalo, WY 82834

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    For Sale
    $598,885

    Ranch, Four-Plex - Buffalo, WY

    Property size:
    1,536 SF
    Lot size:
    1.67 Acres
    Price / SF:
    $389/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 8935 W US Highway 16 W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage
    Window features
    Double Pane Windows
    Patio and Porch features
    Patio
    Interior features
    Double Pane Windows, Window Curtains, Mini Blinds, Carpet
    Exterior features
    Cul-de-sac, Storage Shed, Patio
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    Size
    1,536 SF
    Lot size
    1.67 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    2470

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1969
    Number of units
    4
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Packing Shed, Shed(s), Storage

    We can help!

    Listing Contact
    Judi Holmes

    Listing agent Judi Holmes License #RE-13248

    Listing office Century 21 BHJ Realty, Inc. 238 N. Main St. Suite 2, WY

    Listing date Jun 3, 2026

    MLS# 20262717 Listing URL

    Copyright © 2026 Wyoming Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4‑unit income property built in 1969 with a ranch style and frame construction
    • Units are separated by attached garages, with each unit having its own garage
    • Many unit updates listed: newer furnaces, newer roofs, and updated appliances
    • Each unit includes laundry hookups and features appliances such as dishwasher, microwave, range, refrigerator, and washer
    • 256 sq ft heated, insulated shed/small workshop on site housing the well equipment (included with the property)
    • Double‑pane windows, forced‑air natural gas heating, plus a patio and storage shed

    Overview

    This ranch-style four-plex is arranged as duplex units separated by attached garages. The garages serve as a noise buffer while also creating separation between living spaces, and each of the four current units has its own garage. The property includes outdoor yard space and offers mountain views, and the units are described as mostly updated. Interior features noted in the remarks include laundry hookups, along with updated appliances. Mechanical and exterior improvements include newer furnaces and newer roofs for the existing units.

    The building is located at 8935 W US Highway 16 W in Buffalo, Wyoming, within Johnson County. In addition to the primary structures, there is a 256-square-foot heated, insulated shed/small workshop on the property that houses well equipment. The shed/workshop is identified as included with the sale.

    The layout and onsite parking configuration can fit buyers seeking an existing residential income property with four units and attached garages that help differentiate each unit’s space. With laundry hookups and multiple described updates such as newer furnaces and roofs, the property may appeal to an operator looking for a manageable mix of residential units while retaining room to consider further improvements over time.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Gym & Fitness Center Electrical Service Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Johnson
    State
    Wyoming
    Longitude
    -106.750287
    Latitude
    44.33911

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    FAQs

    What type of property is this?
    Quadplex - Four rental units with attached garages, private yard space, and mostly updated mechanicals and appliances.
    Where is this quadplex located?
    The property is located at 8935 W US Highway 16 W Buffalo, WY.
    What is the asking price?
    The asking price for this property is $598,885.
    What are key features of this property?
    This property features: 4‑unit income property built in 1969 with a ranch style and frame construction; Units are separated by attached garages, with each unit having its own garage; Many unit updates listed: newer furnaces, newer roofs, and updated appliances
    (307) 217-2544
    We can help!
    Listing Contact
    Judi Holmes
    Real Estate License ID: RE-13248
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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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