This exceptional 6.64-acre commercial property in Powell, Wyoming, presents a unique investment opportunity. The property boasts two buildings totaling 8,025 square feet of versatile space. The main building, spanning 5,625 square feet, features a ground-floor shop area with an office and bathroom, and a second-floor office with an additional bathroom. A secondary building of 2,400 square feet provides ample space for storage, workshops, or additional business operations. The expansive, flat lot offers significant potential for future expansion or the development of additional structures. Built in 1980, this Class C property enjoys a prime location on a well-traveled route, ensuring high visibility and easy access for customers and clients. Its adaptable layout makes it ideal for a variety of uses, including auto repair, manufacturing, industrial operations, lumber yards, storage facilities, or plumbing services. The existing infrastructure, including offices and bathrooms, provides a turnkey setup for immediate business operations. This property offers significant growth potential, allowing for the development of retail spaces, office areas, or further industrial facilities. The combination of ample space, prime location, and versatile functionality makes this a rare opportunity for businesses seeking expansion or a new venture in a thriving Wyoming community. The property is zoned for mixed-use, industrial, retail, and self-storage uses. The address is 699 Lane 9, Powell, WY 82435.
Property Features for 699 Ln
General Information
Property type
Automotive properties
Square Feet
8,025 SF
Class
C
Lot Size
289,238 SF
Building Details
Year Built
1980
Buildings
2
Stories
2
HighLights
Two buildings totaling 8,025 square feet; the main building (5,625 sq ft) includes ground‑floor shop space with an office and bath, plus a second‑floor office with bath.
A secondary building (2,400 sq ft) provides versatile storage or operational space.
The property features a 6.64‑acre level lot, allowing for expansion.
High‑visibility location on a major thoroughfare ensures excellent exposure.
Suitable for diverse uses, including auto repair, manufacturing, and storage.
Significant potential for future development and expansion.
Automotive property - 6.64 Acres, Two Buildings, High Visibility
Where is this automotive property located?
The property is located at 699 Ln Powell, WY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Two buildings totaling 8,025 square feet; the main building (5,625 sq ft) includes ground-floor shop space with an office and bath, plus a second-floor office with bath.; A secondary building (2,400 sq ft) provides versatile storage or operational space.; The property features a 6.64-acre level lot, allowing for expansion.
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699 Ln Powell, WY 82435
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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.
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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699 Ln Powell, WY 82435
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699 Ln, Powell, WY
Brenton Hayden
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699 Ln, Powell, WY
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Brenton Hayden
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