Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    632 3rd N Ave Greybull, WY 82426-1916

    • Auto shops
    • 3,424 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Mar 08, 2021
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0238395
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 632 3rd N Ave

    Year built
    1983
    Lot size
    0.28 lot acres
    Property size
    3,424 SF
    Property type
    Auto shops
    APN
    52930846100266
    APU
    52930846100266

    Description

    This exceptional mixed-use property, located at 632 3rd Ave N in Greybull, Wyoming, presents a unique investment opportunity. The 3,424 square foot building, constructed in 1983, sits on a generous 12,196.8 square foot lot. Currently operating as a successful fabrication business, this property offers immediate income potential with an established clientele. The seller will provide a comprehensive client list to facilitate a smooth transition for the new owner. The property's classification as mixed-use allows for diverse operational possibilities, catering to a range of business needs. Its location in Greybull, Wyoming, within Big Horn County, offers access to a stable local market and provides a solid foundation for future growth. The property's substantial size and established business operations make it an attractive prospect for entrepreneurs and investors seeking a turnkey operation in a desirable Wyoming location. The zip code is 82426. This is a rare opportunity to acquire a profitable, established business with significant potential for expansion and diversification. The asking price is $520,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $196,000
      Market price range: $196k - $438k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greybull
    County
    Big Horn
    State
    Wyoming
    Longitude
    -108.056
    Latitude
    44.4922

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $452
    $3,354
    $3,737
    $7,091
    -
    $35,300
    $39,331
    $74,631

    Comparable in this City

    • Value Estimation
      $245,000
      2,083 SF

      1111 6th St

      AUTO REPAIR, GARAGE • 2,083 SF
      1111 6th St, Greybull, WY 82426-1614
      View Details
    • Value Estimation
      $260,000
      2,666 SF

      400 Greybull Ave

      AUTO REPAIR, GARAGE • 2,666 SF
      400 Greybull Ave, Greybull, WY 82426-2037
      View Details
    • Value Estimation
      $250,000
      2,440 SF

      1000 6th St

      AUTO REPAIR, GARAGE • 2,440 SF
      1000 6th St, Greybull, WY 82426-1613
      View Details
    • Value Estimation
      $250,000
      2,400 SF

      2665 Sagebrush Ln

      AUTO REPAIR, GARAGE • 2,400 SF
      2665 Sagebrush Ln, Greybull, WY 82426-9718
      View Details
    • Value Estimation
      $270,000
      7,044 SF

      Industrial Park Ave

      AUTO REPAIR, GARAGE • 7,044 SF
      Industrial Park Ave, Greybull, WY 82426
      View Details
    • Value Estimation
      $260,000
      3,320 SF

      633 1st N Ave

      AUTO REPAIR, GARAGE • 3,320 SF
      633 1st N Ave, Greybull, WY 82426-2010
      View Details

    Similar Nearby for Sale

    • $165,000
      0.19 Acres

      Commercial Shop in Greybull, Wyoming

      2,040 sq ft commercial shop ideal for various operations.
      232 S 6Th St, Greybull, WY 82426
      View Details
    • $275,000
      0.48 Acres

      Commercial Building in Greybull, Wyoming

      Commercial property featuring service bays and office area in Greybull.
      125 S 6Th St, Greybull, WY 82426
      View Details
    • $199,000
      0.32 Acres

      Greybull, WY Car Wash Business

      Car wash business with expansion potential in Greybull, Wyoming.
      616 4Th Ave N, Greybull, WY 82426
      View Details
    • $275,000
      0.16 Acres

      Versatile Commercial Building in Greybull, WY

      Over 6,000 sq ft commercial building near downtown Greybull.
      33 N 5Th St, Greybull, WY 82426
      View Details
    • $350,000
      0.09 Acres

      Downtown Greybull Commercial Building

      Well-maintained commercial building in downtown Greybull, suitable for various uses.
      540 1St Ave S, Greybull, WY 82426
      View Details
    • $299,000
      0.16 Acres

      Updated Commercial Building in Greybull

      Large, updated commercial building in downtown Greybull, Wyoming.
      510 Greybull Ave, Greybull, WY 82426
      View Details
    Request Owner's contact information
    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.
    632 3rd N Ave
    Greybull, WY 82426-1916
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.