Add Listing
    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

    2319 Songbird Ct Cody, WY 82414

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Build Your Dream Home in Cody, Wyoming

    Property Features for 2319 Songbird Ct

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Brian D. Webster
    Brian D. Webster

    Listing Agent: Brian D. Webster

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

    Learn more

    Overview

    This exceptional 12,946 square foot residential lot is situated in the desirable Meadowlark Meadows subdivision of Cody, Wyoming. Part of a 28-lot development, this property offers a prime location near shopping, dining, and downtown Cody, providing convenient access to all the amenities this vibrant city has to offer. Meadowlark Meadows is currently under construction, with anticipated completion by November 30, 2024. Lots 1-24 average a generous one-third of an acre and are zoned Medium-Low Density Residential (R2). Access to this lot is via 23rd Street or 26th Street, depending on the specific lot number. All lots benefit from readily available utilities, including domestic water, raw water, electricity, and natural gas at the lot line. The subdivision boasts paved streets, sidewalks, curbs, and gutters, ensuring a well-maintained and aesthetically pleasing environment. Comprehensive covenants and a plat map are available for review. Please note that closing is contingent upon final infrastructure approval from the City of Cody. The 2025 property taxes will be determined by the County Assessor
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cody
    County
    Park
    State
    Wyoming
    Longitude
    -109.0427429
    Latitude
    44.5205544

    Nearby Similar for Sale

    • $689,000
      0.07 Acres

      Established Coffee Business Opportunity

      Thriving coffee business for sale in Cody, Wyoming.
      1155 Sheridan Ave, Cody, WY 82414
      View Details
    • $1,300,000
      3,120 SF

      Prime Office Building in Cody

      3,120 SF office space with parking in downtown Cody.
      1443 Beck Ave, Cody, WY 82414
      View Details
    • $1,295,000
      0.52 Acres

      Cody Office Building with Parking

      High-visibility commercial building with parking and expansion potential.
      802 Canyon Ave, Cody, WY 82414
      View Details
    • $200,000

      Downtown Cody Boutique Business Opportunity

      Boutique business for sale in the heart of Cody.
      1284 Sheridan Ave, Cody, WY 82414
      View Details
    • $500,000

      Adventure Lodge Near Yellowstone Entrance

      Ski lodge with zipline near Yellowstone's East Entrance.
      348 North Fork Hwy, Cody, WY 82414
      View Details
    • $2,600,000
      0.48 Acres

      Established Motel Near Yellowstone Park

      Well-maintained motel in Cody, Wyoming, near Yellowstone National Park.
      1701 Central Ave, Cody, WY 82414
      View Details
    • $2,150,000
      0.32 Acres

      Downtown Cody Commercial Property

      Prime commercial property in downtown Cody, currently leased to a restaurant.
      1057 Sheridan Ave, Cody, WY 82414
      View Details
    • $497,000
      0.16 Acres

      Turn-Key Income Property in Cody

      Income-producing property with two homes near downtown Cody, Wyoming.
      1337 Wyoming Ave, Cody, WY 82414
      View Details
    • $40,000

      Established Lawn Care Business

      Turnkey lawn mowing and property maintenance business in Cody, Wyoming.
      None Assigned, Cody, WY 82414
      View Details
    • $1,250,000
      0.32 Acres

      Cody, Wyoming Motel Investment

      Established 17-room motel in downtown Cody, Wyoming for sale.
      1701 Alger Ave, Cody, WY 82414
      View Details
    • $1,225,000
      0.10 Acres

      Profitable Restaurant and Building Opportunity

      Turn-key restaurant and building for sale in prime Cody location.
      1491 Sheridan Ave, Cody, WY 82414
      View Details
    • $615,000
      0.16 Acres

      Cody Triplex Built in 2015

      Cash flow positive triplex in Cody, WY with high occupancy.
      3005 Kent Ave, Cody, WY 82414
      View Details

    FAQs

    What type of property is this?
    Land - Build Your Dream Home in Cody, Wyoming
    Where is this land located?
    The property is located at 2319 Songbird Ct Cody, WY.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: 12,946 sq ft residential lot in Cody, Wyoming's desirable Meadowlark Meadows subdivision.; Prime location near shopping, dining, and downtown Cody.; Part of a 28-lot development, anticipated completion by November 30, 2024.
    (307) 587-5584 Call to check price and availability
    Request Owner's contact information
    2319 Songbird Ct Cody, WY 82414
    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.
    2319 Songbird Ct
    Cody, WY 82414
    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
    2319 Songbird Ct Cody, WY 82414
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian D. Webster
    Brian D. Webster
    Real Estate License ID: RE-11656
    (307) 587-5584 (307) 899-2494 (307) 586-2950
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!