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    853 Pontillo Dr Cheyenne, WY 82007

    Sponsored
    For Sale
    $2,500,000

    35-acre lot, ideal for mixed-use development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 35.13-acre parcel presents a remarkable development opportunity in Cheyenne, Wyoming. Strategically located on South Greeley Highway, the property boasts 650 feet of frontage, ensuring high visibility and accessibility. Its proximity to Microsoft's Bison Business Park and other key developments positions it perfectly within Cheyenne's expanding master plan. Currently zoned Agricultural Residential, the land offers flexibility for various projects, including multi-family housing or commercial ventures. The high daily traffic count of 12,202 vehicles on South Greeley Highway underscores the property's significant commercial potential. Further enhancing its appeal, the possibility of tax credits for low-income housing development through the Wyoming Community Development Authority (WCDA) and access to low-interest rate loans via rural development programs exist. This presents a unique chance to capitalize on Cheyenne's growth trajectory. While the total contiguous acreage available is 84.9 acres, this listing specifically focuses on the 35.13-acre parcel. The asking price for this prime development site is $2,500,000. This property is situated at 853 Pontillo Dr, Cheyenne, WY 82007, in Laramie County.

    Property Features for 853 Pontillo Dr

    General Information

    Property type
    Farms
    Lot Size
    1,530,263 SF

    HighLights

    • 35.13‑acre development site in Cheyenne, Wyoming, zoned Agricultural Residential, offering rezoning potential.
    • 650 feet of frontage on South Greeley Highway with 12,202 daily vehicle traffic counts.
    • Prime location near Microsoft's Bison Business Park and other key developments.
    • $2,500,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Department Store Kitchen & Bath Storage Facility Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.7934419
    Latitude
    41.0787486

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    FAQs

    What type of property is this?
    Farm - 35-acre lot, ideal for mixed-use development
    Where is this farm located?
    The property is located at 853 Pontillo Dr Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 35.13-acre development site in Cheyenne, Wyoming, zoned Agricultural Residential, offering rezoning potential.; 650 feet of frontage on South Greeley Highway with 12,202 daily vehicle traffic counts.; Prime location near Microsoft's Bison Business Park and other key developments.
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    853 Pontillo Dr 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
    853 Pontillo Dr Cheyenne, WY 82007
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