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    300 Morrie Ave Cheyenne, WY 82007

    Sponsored
    For Sale
    $15,000,000

    Class A Office, Owner-User Opportunity

    Property size:
    69,941 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A, 69,941 square foot creative office building in Cheyenne, Wyoming, presents a unique owner-user opportunity. Located at 300 Morrie Ave, 82007, this three-story building, constructed in 2009, sits on a 4.31-acre lot and boasts a light industrial zoning designation, offering flexibility for various uses including office and lab space. The building features high ceilings, ample parking, and modern amenities such as 10 restrooms, two locker rooms with showers and laundry facilities, and two kitchens. Designed by Tobin and Associates, the building incorporates sustainable architectural principles. Security features include card access. Redundant power is ensured by an on-site generator. Each floor comprises approximately 22,000 square feet. Currently, the building has 33% occupancy (as of August 7, 2023). The asking price is $15,000,000 ($214 per square foot), with a land value of $79.89 per square foot. The seller will consider leasing back one-third of the property at the buyer's discretion. This presents a compelling investment opportunity for a business seeking a modern, well-equipped space with significant expansion potential.

    Property Features for 300 Morrie Ave

    General Information

    Property type
    Office space
    Square Feet
    69,941 SF
    Class
    A
    Lot Size
    187,744 SF

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    3

    HighLights

    • 22,000 square feet per floor
    • Designed by Tobin & Associates, sustainable architects
    • Ten restrooms, two locker rooms with showers and laundry facilities, and two kitchens; off‑site generator backup
    • Key card access
    • Asphalt parking lot
    • High ceilings
    Property Profile Location Intelligence

    Current Use by Public Records

    Frontier Refinery Oil Refinery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.7971089
    Latitude
    41.125039

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    FAQs

    What type of property is this?
    Office space - Class A Office, Owner-User Opportunity
    Where is this office space located?
    The property is located at 300 Morrie Ave Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: 22,000 square feet per floor; Designed by Tobin & Associates, sustainable architects; Ten restrooms, two locker rooms with showers and laundry facilities, and two kitchens; off-site generator backup
    Request Owner's contact information
    300 Morrie Ave Cheyenne, WY 82007
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    Cheyenne, WY 82007
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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
    300 Morrie Ave Cheyenne, WY 82007
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