Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Irrigated Farmland and Recreational Land Title is generated by Realmo AI

    Hwy 32, Byron, WY 82412

    View on Map
    Claim this Listing
    For Sale
    $850,000

    LAND - Byron, WY

    Lot size:
    151.00 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    244
    Last Refresh:
    May 23 at 3:06 pm

    Property Features for Hwy 32

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Acreage Fenced, Adj to Public Land, Fenced, Horse Property, Hunting, Irrigated, Pivot, Production Ground
    Fencing
    Gate, Fenced
    Standard status
    Active
    Lot size
    151.00 Acres

    Taxes and HOA fees

    Tax Description
    PT UNIT C LYING W OF HWY (FKA LOTS 1 & 2 & TR 42A&B): TR 1 18 54 97 150 AC SD147-1622

    We can help!

    Listing Contact
    Brenton Koehn
    Brenton Koehn

    Listing agent Brenton Koehn License #RE-15443

    Listing office Whitetail Properties LLC 121 S Madison St., Pittsfield, WY

    Listing date Sep 22, 2025

    MLS# 10031706 Listing URL

    Copyright © 2026 Northwest Wyoming Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 150 acres of irrigated farmland with water rights, suitable for various agricultural practices.
    • Pivot and flood irrigation systems in place, currently used for hay/grass production.
    • Recreational opportunities including hunting for upland and big game species.
    • Year‑round live water source for livestock.
    • Direct highway access for convenient year‑round entry.
    • Utilities accessible on the property, supporting residential or agricultural use.

    Overview

    This 150-acre property, located just outside Powell in Big Horn County, Wyoming, combines irrigated farmland and recreational opportunities. Approximately 150 acres are under irrigation, with 120 acres utilizing pivot irrigation and 30 acres employing flood irrigation. Currently planted with a hay/grass mixture, the pivot supports agricultural income or operational use. A drain with live water flows year-round, suitable for watering livestock. Water rights support the irrigated acreage, which is currently utilized for crop production and can accommodate a variety of agricultural practices. The level terrain and access to water make the property adaptable to rotational grazing, hay production, or other income-producing land uses. The area is known for its upland game and big game species. Direct access from a nearby highway allows for convenient year-round entry. Utilities are accessible on the property, supporting residential or agricultural use.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Byron
    County
    Big Horn
    State
    Wyoming
    Longitude
    -108.506
    Latitude
    44.7964

    Nearby Similar for Sale

    • $372,000

      Wyoming Land with River Frontage

      62.01 acres with Shoshone River frontage and pond.
      Highway 14A W, Byron, WY 82412
      View Details
    • $214,500

      Byron, WY Land Opportunity

      39 acres of land near Highway 32 in Byron.
      Lane 22, Byron, WY 82412
      View Details
    • $400,000

      Wyoming Land with Creek Access

      185-acre property featuring agricultural land, creek, and recreational opportunities.
      Hwy 32, Byron, WY 82412
      View Details
    • $307,500

      Byron, WY Farmland with Views

      75 acres of farmland with potential for various uses.
      Lane 23, Byron, WY 82412
      View Details
    • $275,000

      Wyoming Land with BLM Access

      67 acres near Powell, WY with agricultural and recreational potential.
      Lane 23, Byron, WY 82412
      View Details
    • $130,000

      Byron, WY Storefront Building

      Storefront property with new electric, furnace, central air, and roof.
      110 E Main St, Byron, WY 82412
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 150-acre Wyoming property with irrigation and recreational opportunities.
    Where is this agricultural land / farmland located?
    The property is located at Hwy 32 Byron, WY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 150 acres of irrigated farmland with water rights, suitable for various agricultural practices.; Pivot and flood irrigation systems in place, currently used for hay/grass production.; Recreational opportunities including hunting for upland and big game species.
    (307) 217-1953
    We can help!
    Listing Contact
    Brenton Koehn
    Brenton Koehn
    Real Estate License ID: RE-15443
    Learn More
    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.
    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

    Thank You for Inquiry
    Hwy 32, Byron, WY 82412
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!