Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rural Residential Land Tract Title is generated by Realmo AI

    Tract 10 Road 143, Burns, WY 82053

    View on Map
    Claim this Listing
    For Sale
    $115,000

    LAND - Burns, WY

    Lot size:
    5.46 Acres
    Added:
    May 15, 2026
    Days on Market:
    20
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for Tract 10 Road 143

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    5.46 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lonesome Dove Ranches: Tract 10

    We can help!

    Listing Contact
    Codee Dalton

    Listing agent Codee Dalton License #RE-15064

    Listing office #1 Properties 6106 Yellowstone Rd, Cheyenne, WY

    Listing date May 15, 2026

    MLS# 100794 Listing URL

    Copyright © 2026 Cheyenne 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

    • Lonesome Dove Ranches rural land community with lots measuring over 5 acres each
    • No HOA reported; annual road assessment described as modest
    • Light covenants to help preserve area appearance
    • Location near the town of Burns (minutes away) with a short drive to Cheyenne and I‑80 access
    • Walkout potential noted for the parcels

    Overview

    This offering is for a single rural land tract within Lonesome Dove Ranches, with each lot measuring over 5 acres. The property is described as having walkout potential, offering flexibility for buyers looking to site a home, hobby farm, or a quiet retreat. Light covenants are noted as part of the development guidelines, and the information also states there is no HOA, with only an annual road assessment mentioned.

    The tract is located just minutes from the town of Burns, with Cheyenne described as a short drive away. Access to nearby conveniences is presented as part of the overall appeal, along with proximity to I-80.

    For buyers seeking space outside a typical subdivision layout, this parcel size supports a rural residential or small agricultural use while maintaining a simple development structure. The combination of acreage, walkout potential, and the stated covenant/road assessment framework may appeal to owner-users who want room to build and the flexibility to plan their site while remaining close enough to town for everyday needs.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Burns
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.3799
    Latitude
    41.2057

    Nearby Similar for Sale

    • $560,860

      New Ranch Home on Acreage

      New custom-built ranch home on 6+ acres near Cheyenne.
      Tract 23 LONESOME DOVE TRL, Burns, WY 82053
      View Details
    • $554,365

      New Ranch Home on Acreage

      New construction home on 6 acres near Cheyenne.
      4286 LONESOME DOVE TRL, Burns, WY 82053
      View Details
    • $110,000

      Residential Land in Burns, Wyoming

      0.98-acre residential land with utilities available in Burns, Wyoming.
      N MAIN ST, Burns, WY 82053
      View Details
    • $120,000

      Rural Land Tract for Custom Build

      Buildable rural tract with walkout potential, no HOA, and access minutes from Burns and I-80.
      Tract 16 BLUE DUCK TRL, Burns, WY 82053
      View Details
    • $120,000

      Over-5-Acre Rural Land

      Build a custom home or hobby farm on a 6.01-acre tract with rural space near Burns, WY.
      Tract 18 LONESOME DOVE TRL, Burns, WY 82053
      View Details
    • $120,000

      Rural Residential Acreage with Covenants

      Spacious rural parcel near Burns with light covenants and no HOA, offering walkout potential for your custom build.
      Tract 5 JAKE SPOON TRL, Burns, WY 82053
      View Details
    • $120,000

      Rural Land Tract with Walkout Potential

      Over 6-acre rural tract near Burns, Wyoming, with walkout potential and light covenants to support flexible use.
      Tract 19 LONESOME DOVE TRL, Burns, WY 82053
      View Details
    • $115,000

      Rural Residential Land Tract

      Over 6 acres of rural land with walkout potential near Burns, Wyoming, suitable for a home or hobby farm.
      Tract 9 JAKE SPOON TRL, Burns, WY 82053
      View Details
    • $115,000

      Rural Farmland Tract

      Spacious rural tract with light covenants and possible walkout building potential near Burns and I-80 access.
      Tract 2 JAKE SPOON TRL, Burns, WY 82053
      View Details
    • $515,000

      Ranch-Style Home on 5.46 Acres

      New 2-bedroom ranch home on 5.46 acres, ready Summer 2026.
      1022 Road 143, Burns, WY 82053
      View Details
    • $540,330

      Burns, WY Ranch Style Home

      New ranch-style home on 6.01 acres near Cheyenne.
      1019 BLUE DUCK TRL, Burns, WY 82053
      View Details
    • $518,000

      Wyoming Ranch-Style Home on Acreage

      New ranch-style home on 7.08 acres near Cheyenne.
      4253 LONESOME DOVE TRL, Burns, WY 82053
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5+ acre rural tract near Burns, suited for a home site or hobby farm with walkout potential.
    Where is this agricultural land / farmland located?
    The property is located at Tract 10 Road 143 Burns, WY.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Lonesome Dove Ranches rural land community with lots measuring over 5 acres each; No HOA reported; annual road assessment described as modest; Light covenants to help preserve area appearance
    (307) 871-8098
    We can help!
    Listing Contact
    Codee Dalton
    Real Estate License ID: RE-15064
    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
    Tract 10 Road 143, Burns, WY 82053
    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!