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    1822 Logan Ave Cheyenne, WY 82001

    Sponsored
    For Sale
    $485,000

    Cheyenne, WY investment opportunity.

    Property size:
    1,644 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.32-acre commercial property at 1822 Logan Ave, Cheyenne, Wyoming, presents a compelling investment opportunity. Currently 100% occupied under a Net Net Net (NNN) lease with a remaining term of approximately 1.4 years (expiring April 30, 2026), the property offers immediate income potential. The 1,644 square foot building, constructed in 1955, features two bay doors, an office/reception area, restrooms, and ample paved parking. The lease includes a 3% annual rent increase. Located on a prominent corner lot at the intersection of Logan and 19th, this property benefits from high visibility and convenient access. Zoned for commercial use, it's ideally suited for a variety of businesses, including automotive, car wash, retail, or redevelopment. The asking price is $485,000, translating to $295.01 per square foot. This property offers a blend of immediate income and long-term development potential in a thriving Cheyenne location. The lease commenced April 30, 2024, and is a single-tenant occupancy with no credit rating provided. The property is available for purchase as an owner/user. This is a rare opportunity to acquire a well-located commercial property in a growing market. The property is zoned for commercial use and offers significant potential for future development or continued income generation.

    Property Features for 1822 Logan Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    1,644 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1955

    HighLights

    • 0.32‑acre commercial lot at 1822 Logan Ave, Cheyenne, WY, asking $485,000.
    • 1,644 SF building, built in 1955, with two bay doors, office/reception, restrooms, and ample parking.
    • 100% occupied under a NNN lease with 1.4 years remaining (expires April 30, 2026), featuring a 3% annual rent increase.
    • Prominent corner lot at Logan & 19th, offering high visibility and easy access.
    • Commercially zoned, suitable for various uses including automotive, retail, or redevelopment; available for owner‑user purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Portofino Auto Sales ... Used Tire Shop John Skarochlid Car Repair And Maintenance Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.79779358
    Latitude
    41.14222377

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    FAQs

    What type of property is this?
    Specialty property - Cheyenne, WY investment opportunity.
    Where is this specialty property located?
    The property is located at 1822 Logan Ave Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: 0.32-acre commercial lot at 1822 Logan Ave, Cheyenne, WY, asking $485,000.; 1,644 SF building, built in 1955, with two bay doors, office/reception, restrooms, and ample parking.; 100% occupied under a NNN lease with 1.4 years remaining (expires April 30, 2026), featuring a 3% annual rent increase.
    Request Owner's contact information
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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
    1822 Logan Ave Cheyenne, WY 82001
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