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    Property profile & analytics

    2815 Rdg Rd Cheyenne, WY 82001-1745

    • Turn key restaurants
    • 1,923 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Last Sale
    Jan 24, 2023
    Location Intelligence
    Property ID
    US95-0160613
    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

    • Turn key restaurants

    Property Details for 2815 Rdg Rd

    Year built
    2019
    Lot size
    1.31 lot acres
    Property size
    1,923 SF
    Property type
    Turn key restaurants
    APN
    14685000100020
    APU
    14685000100020

    Description

    This exceptional 1,923 square foot retail space, built in 2019, presents a remarkable opportunity for businesses seeking high visibility and accessibility. Situated on a 1.31-acre lot in Laramie County, this single-tenant building offers a modern design with large windows, an inviting entrance, and a highly desirable drive-thru feature. The property's strategic location ensures exposure to a diverse customer base, benefiting from both high foot and vehicle traffic. The spacious parking lot, accommodating 11-20 vehicles, provides ample convenience for patrons. The building's single-story design optimizes functionality and accessibility. Its proximity to other commercial establishments and residential areas guarantees a consistent flow of potential customers. This standalone building is ideal for a variety of retail concepts, particularly those that would benefit from a drive-thru option. The property's modern design and prime location combine to create an exceptional opportunity for business growth and success. The entire 1,923 square feet is currently vacant, offering immediate occupancy for the new tenant. This is a rare opportunity to establish a thriving business in a high-demand area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $440,000

    • CAP approach

      CAP return
      Estimation
      6%
      $670,000
      6.5%
      $630,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $570,000
      Geo Method
      $710,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $565,000
      Retail
      $630,000
      Mixed-Use
      $715,000
      Hospitality
      $705,000
      Educational
      $735,000
      Residential Income
      $770,000
      Energy
      $605,000
      Income-Based Land
      $755,000
      Food Service
      $580,000

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.768
    Latitude
    41.1446
    CBSA code
    16940
    CBSA name
    CHEYENNE, WY METROPOLITAN STATISTICAL AREA

    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
    2023
    $5,414
    $31,308
    $43,845
    $75,153
    -
    $329,558
    $461,523
    $791,081

    Comparable in this City

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      $375,000
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      3838 Atkin St

      RESTAURANT • 2,934 SF
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      1809 Carey Ave

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      $415,000
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      1626 Fleischli Pkwy

      RESTAURANT • 6,159 SF
      1626 Fleischli Pkwy, Cheyenne, WY 82001-3350
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    • Value Estimation
      $375,000
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      3407 Pershing Blvd

      RESTAURANT • 2,696 SF
      3407 Pershing Blvd, Cheyenne, WY 82001-5915
      View Details
    • Value Estimation
      $310,000
      3,050 SF

      3927 Pershing Blvd

      RESTAURANT • 3,050 SF
      3927 Pershing Blvd, Cheyenne, WY 82001-6187
      View Details

    Similar Nearby for Sale

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      Turnkey Pizzeria Business Opportunity

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    Similar Nearby for Lease

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    • $18 SF/Yr
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    • $12 SF/Yr
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    Cheyenne, WY 82001-1745
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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
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