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    Painted Hills Dr Sheridan, WY 82801

    Sponsored
    For Sale
    $549,900

    Prime Wyoming Ranch Land: Stunning Views, Buildable

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 35-acre ranch property presents a unique opportunity to own a piece of Wyoming's breathtaking landscape. Located just four miles east of Sheridan, WY, off US Highway 14, and one mile north, this property boasts 360-degree panoramic views of the Big Horn Mountains, including Blacktooth Mountain, the Painted Hills (Whispering Hills), and the valley below. The land is classified for agricultural use, resulting in low property taxes of only $26 for 2024. The property features a shared well with a 25 gallons per minute yield (per Wyoming state permit, buyer to verify), a couple of natural springs, three livestock tanks, a portable corral, and a small shooting range. The property is fenced and zoned AG, allowing for the construction of one primary residence and additional outbuildings such as a barn or shop. There are no existing structures, providing complete flexibility in home placement. Permits are already in place for a stock reservoir and groundwater spring. This is Tract No. 10 of Whispering Hills/Painted Hills. The well is 625 feet deep. This property is ideal for those seeking a tranquil retreat with stunning views and the ability to build their dream home while enjoying the benefits of nearby Sheridan. The sale is structured as a 1031 exchange. The APN is 55831620000433. Ownership is held by Forever Grace Ranch LLC.

    Property Features for 0 Painted Hills Dr

    General Information

    Property type
    Farms
    Lot Size
    1,524,600 SF

    HighLights

    • Prime location, just 4 miles east of Sheridan.
    • High demand for nearby ranch land.
    • Ideal for building a custom home and accommodating livestock.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sheridan
    County
    Sheridan
    State
    Wyoming
    Longitude
    -106.8716917
    Latitude
    44.7397559

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    FAQs

    What type of property is this?
    Farm - Prime Wyoming Ranch Land: Stunning Views, Buildable
    Where is this farm located?
    The property is located at Painted Hills Dr Sheridan, WY.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Prime location, just 4 miles east of Sheridan.; High demand for nearby ranch land.; Ideal for building a custom home and accommodating livestock.
    Request Owner's contact information
    Painted Hills Dr Sheridan, WY 82801
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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.

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    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
    Painted Hills Dr Sheridan, WY 82801
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