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
    The Largest CRE Database in the US with Over 1 Million Listings

    120 3Rd St Evanston, WY 82930

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    Prime Evanston commercial land, I-80 access.

    Property Features for 120 3Rd St

    General Information

    Property type
    Land
    Lot Size
    33,977 SF

    We can help!

    Listing Contact
    Joe Cooley
    Joe Cooley

    Listing Agency: Mountain West - Corporate Listing Agent: Joe Cooley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.78-acre commercial land parcel presents a unique investment opportunity in Evanston, Wyoming. Strategically located at 120 N 3rd Street, 82930, this property boasts unparalleled visibility and accessibility. Situated directly off the I-80 interchange, it benefits from exceptional traffic counts, with 10,862 average daily traffic on the adjacent Front Street. The site's prime location places it at the main entrances to both Murdoch's and the Walmart Supercenter, ensuring high foot traffic and significant consumer exposure. The land is zoned for commercial use and offers the potential for a drive-thru business, making it ideal for a variety of commercial ventures. The asking price for this highly desirable property is $750,000. Its location in Uinta County, Wyoming, provides easy access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-positioned commercial lot with significant development potential. Don't miss out on this chance to establish your business in a high-traffic, high-visibility location. Contact us today to learn more about this exceptional property and explore its possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Uinta
    State
    Wyoming
    Longitude
    -110.9567953
    Latitude
    41.2652823

    Nearby Similar for Sale

    • $4,500,000

      Evanston, WY Industrial Manufacturing Facility

      65,674 SF industrial facility on 5.43 acres in Evanston, WY.
      97 S Red Willow Rd, Evanston, WY 82930
      View Details
    • $2,300,000

      Evanston Industrial Building For Sale

      32,950 SF industrial building on 6.46 AC for sale.
      71 Allegiance Cir, Evanston, WY 82930
      View Details
    • $410,000

      Evanston, WY Aviation Facility

      Commercial-zoned hangar suitable for maintenance, storage, or light-industrial use.
      2160 Co Rd 111 Rd, Evanston, WY 82930
      View Details
    • Contact for pricing
      6,161 SF

      Evanston Mixed-Use Investment Opportunity

      Historic Downtown Evanston building, 6,161 SF, renovated 2011
      1028 Main St, Evanston, WY 82930
      View Details
    • Contact for pricing
      18,956 SF

      Evanston Commercial Building For Sale

      18,956 SF commercial building on 3.33 acres for sale.
      371 Prospector Dr, Evanston, WY 82930
      View Details
    • $1,800,000
      3.00 Acres

      Evanston Industrial Property: 3 Acres

      Prime Evanston industrial land, 3 acres, $1.8M.
      92 County Road 111, Evanston, WY 82930
      View Details
    • $333,000
      1.00 Acre

      Evanston Restaurant - Hwy 89

      Turnkey Restaurant, High Visibility, Hwy 89
      7436 State Highway 89, Evanston, WY 82930
      View Details
    • $875,000
      4,144 SF

      Evanston Commercial Building Opportunity

      Prime Evanston location, 4,144 sq ft.
      1037 Main St, Evanston, WY 82930
      View Details
    • $875,000
      12,300 SF

      Evanston Warehouse: Prime Location

      12,300 SF Warehouse - $875,000
      225 West St, Evanston, WY 82931
      View Details
    • $3,500,000
      45,000 SF

      Evanston Industrial Space For Sale

      Large industrial space, prime location. Excellent investment opportunity.
      3281 Wy-89, Evanston, WY 82930
      View Details
    • Contact for pricing
      19,485 SF

      Historic Evanston Mixed-Use Building

      Prime Old Town Evanston location, 19,485 SF, Owner/User.
      1025 Front St, Evanston, WY 82930
      View Details
    • $715,000
      8,800 SF

      Evanston Warehouse: Prime Investment

      Wyoming Warehouse - 8,800 SF, 7% Cap Rate
      1259 Way State Hwy 89, Evanston, WY 82930
      View Details

    FAQs

    What type of property is this?
    Land - Prime Evanston commercial land, I-80 access.
    Where is this land located?
    The property is located at 120 3Rd St Evanston, WY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Price Upon Request; 0.78-Acre Lot; Drive-Thru Potential Available
    (801) 456-8800
    Request Owner's contact information
    120 3Rd St Evanston, WY 82930
    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.
    120 3Rd St
    Evanston, WY 82930
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    120 3Rd St Evanston, WY 82930
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joe Cooley
    Joe Cooley
    Real Estate License ID: 5493616-PB00
    (801) 456-8800 (801) 201-9097 (801) 303-5494
    Learn more
    Google sign-in failed. Please try again or use another login method.