Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1902 Avenue C Cheyenne, WY 82007
    Back to Search
    Property profile & analytics

    1902 Avenue C, Cheyenne, WY 82007

    View on Map
    • Warehouses
    • 2,880 SF
    • 5.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 307 Storage Solutions / Storage Facility
    • Party Pony / Event Planning

    Property Details for 1902 Avenue C

    Year built
    2007
    Lot size
    5.00 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 2,880-square-foot warehouse, built in 2007, is available for lease in Cheyenne, Wyoming. Situated on a five-acre lot in Laramie County, this Class B industrial property offers a single-tenant occupancy. The building features one overhead door, a restroom, and separate parking. The property is conveniently located at 1900 Ave C, 82007, adjacent to the Sweetgrass Subdivision and Laramie County Community College, providing easy access to Interstate 80 and South Greeley Highway. This strategic location offers unparalleled accessibility for businesses of all types. The space is entirely vacant, presenting a blank canvas for your business needs. The lease rate is $11.00 per square foot, NNN. There are no elevators on the property. This versatile space is perfect for a wide range of commercial uses, making it an excellent opportunity for businesses seeking a functional and well-located warehouse in Cheyenne. Explore the potential of this property today.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.79
    Latitude
    41.0996

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      2521 Granite Peak Dr

      Distribution properties
      2521 Granite Peak Dr, Cheyenne, WY 82007
      View Details
    • Value Estimation by Request
      21,000 SF

      4010 Quartz Dr

      Flex space
      4010 Quartz Dr, Cheyenne, WY 82007
      View Details
    • Value Estimation by Request
      20,000 SF

      Parsley Blvd

      Distribution properties
      0 Parsley Blvd, Cheyenne, WY 82007
      View Details
    • Value Estimation
      $930,000
      21,670 SF

      8417 Trucker Trl

      DISTRIBUTION WAREHOUSE
      8417 Trucker Trl, Cheyenne, WY 82007-1894
      View Details
    • Value Estimation
      $1,635,000
      50,585 SF

      310 Cleveland Pl

      DISTRIBUTION WAREHOUSE
      310 Cleveland Pl, Cheyenne, WY 82007-1813
      View Details
    • Value Estimation
      $700,000
      27,894 SF

      205 College Dr

      DISTRIBUTION WAREHOUSE
      205 College Dr, Cheyenne, WY 82007-2623
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,000 SF

      Overland Trails Warehouse For Sale

      21,000 SF warehouse/shop in Overland Trails Business Park.
      4010 Quartz Dr, Cheyenne, WY 82007
      View Details
    • Contact for pricing
      9,800 SF

      New Commercial Warehouse on FoxFarm

      New 9,800 SF commercial warehouse with high visibility.
      1905 Fox Farm Rd, Cheyenne, WY 82007
      View Details
    • $150,000

      Oversized RV Storage Condo

      Gated, secured storage with a wide 16' door for RVs, boats, and business equipment.
      710 E 1St St, Cheyenne, WY 82007
      View Details
    • Contact for pricing

      Cheyenne Self Storage Portfolio

      Self-storage portfolio in Cheyenne, Wyoming with 557 units for sale.
      711 E College Dr, Cheyenne, WY 82007
      View Details
    • Contact for pricing
      1,738 SF

      High-Traffic Location Oil Change Property

      NNN property with zero landlord responsibilities in Cheyenne, Wyoming.
      404 S Greeley Hwy, Cheyenne, WY 82007
      View Details
    • $600,000
      5.00 Acres

      Industrial Development Land Parcel

      Development-ready industrial land with utilities stubbed and PUD zoning allowing multiple light industrial uses.
      9 Badlands Dr, Cheyenne, WY 82007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse in Harper Valley Park

      Commercial/industrial warehouse with office space and fenced lot.
      265 North Northamerican Rd, Cheyenne, WY 82007
      View Details
    • Contact for pricing

      Class A Industrial Asset Cheyenne

      Fully leased industrial property with expansion potential in Cheyenne, Wyoming.
      5110 Badlands Dr, Cheyenne, WY 82007
      View Details
    • New
      Contact for pricing

      Industrial Warehouse Space

      Functional industrial warehouse offering 15,378 SF in Cheyenne, Wyoming for business operations and storage needs.
      118 Evelyn St, Cheyenne, WY 82007
      View Details
    • Contact for pricing
      35,000 SF

      Power Park Industrial Land Tracts

      Five-acre industrial tracts for lease.
      5110 Badlands Dr, Cheyenne, WY 82007
      View Details
    • Contact for pricing

      Retail Space Near Laramie College

      Retail spaces with open floor plan near Laramie Community College.
      1775 Goodnight Trl, Cheyenne, WY 82007
      View Details
    • Contact for pricing
      1,049 SF

      Office Suite with Conference Room

      Professional office suite featuring dedicated rooms, a conference room, storage, and a welcoming common area.
      204-1904 Thomes Ave, Cheyenne, WY 82007
      View Details
    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.
    1902 Avenue C
    Cheyenne, WY 82007
    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
    1902 Avenue C, Cheyenne, WY, 82007
    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!