Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3281 Wy-89 Evanston, WY 82930

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3281 Wy-89 Evanston, WY 82930

    View on Map
    • Industrial properties
    • 45,000 SF
    For Sale
    $3,500,000
    View Listing →
    Evanston Industrial Space For Sale For Sale
    $3,500,000
    45,000 SF

    Evanston Industrial Space For Sale

    Large industrial space, prime location. Excellent investment opportunity.

    3281 Wy-89, Evanston, WY 82930
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 3281 Wy-89

    Year built
    1982
    Property size
    45,000 SF
    Property type
    Industrial properties

    Description

    This expansive 45,000 square foot industrial property is located at 3281 WY-89 in Evanston, Wyoming. Offered at $3,500,000, this property presents a significant opportunity for investors and businesses seeking a substantial industrial footprint. Situated on a zero-acre lot, the building itself provides ample space for a variety of industrial uses. The property's location in Evanston offers access to key transportation routes and infrastructure, making it strategically advantageous for logistics and distribution operations. The lack of surrounding land allows for focused development and efficient use of the existing structure. While specific details regarding the interior layout and existing infrastructure are not currently available, potential buyers are encouraged to conduct thorough due diligence to assess the property's suitability for their intended purposes. This property is being sold as-is, and interested parties should be prepared to undertake any necessary renovations or upgrades. Given its size and location, this industrial property represents a compelling investment opportunity in the Evanston market. Serious inquiries are welcome.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Uinta
    State
    Wyoming
    Longitude
    -110.992
    Latitude
    41.3077

    Comparable in this City

    • Value Estimation by Request
      45,152 SF

      3281 Way State Hwy

      Distribution properties • 45,152 SF
      3281 Way State Hwy, Evanston, WY 82930
      View Details
    • Value Estimation by Request
      24,000 SF

      3281 State Hwy 89th N

      INDUSTRIAL (GENERAL) • 24,000 SF
      3281 State Hwy 89th N, Evanston, WY 82930-8944
      View Details
    • Value Estimation by Request
      3,795 SF

      147 West St

      Distribution properties • 3,795 SF
      147 West St, Evanston, WY 82930
      View Details
    • Value Estimation by Request
      3,000 SF

      3281 Way State Hwy

      Flex space • 3,000 SF
      3281 Way State Hwy, Evanston, WY 82930
      View Details
    • Value Estimation by Request
      8,800 SF

      1259 Way State Hwy

      Distribution properties • 8,800 SF
      1259 Way State Hwy, Evanston, WY 82930
      View Details
    • Value Estimation by Request
      15,000 SF

      91 Allegiance Cir

      INDUSTRIAL (GENERAL) • 15,000 SF
      91 Allegiance Cir, Evanston, WY 82930-3803
      View Details

    Similar Nearby for Sale

    • $1,800,000
      3.00 Acres

      Evanston Industrial Property: 3 Acres

      Prime Evanston industrial land, 3 acres, $1.8M.
      92 County Road 111, Evanston, WY 82930
      View Details
    • $3,500,000
      45,000 SF

      Evanston Industrial Space For Sale

      Large industrial space, prime location. Excellent investment opportunity.
      3281 Wy-89, Evanston, WY 82930
      View Details
    • Contact for pricing
      18,956 SF

      Evanston Commercial Building For Sale

      18,956 SF commercial building on 3.33 acres for sale.
      371 Prospector Dr, Evanston, WY 82930
      View Details
    • $4,500,000

      Evanston, WY Industrial Manufacturing Facility

      65,674 SF industrial facility on 5.43 acres in Evanston, WY.
      97 S Red Willow Rd, Evanston, WY 82930
      View Details
    • $2,300,000

      Evanston Industrial Building For Sale

      32,950 SF industrial building on 6.46 AC for sale.
      71 Allegiance Cir, Evanston, WY 82930
      View Details
    • $265,000
      3,795 SF

      Industrial Building with Highway Visibility

      3,795 sq ft industrial building on 0.54-acre lot.
      143 West St, Evanston, WY 82930
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Flexible Commercial Space For Lease

      Commercial space with gated yard and overhead door for lease.
      76 Imperial Dr, Evanston, WY 82930
      View Details
    • $7 SF/Yr
      2,600 SF

      Evanston Industrial Building with Yard

      2,600 SF industrial building with ample yard space.
      4145 State Highway 150, Evanston, WY 82930
      View Details
    • $4,258 /Mo
      7,200 SF

      Evanston, WY Industrial Warehouse

      7,200 SF industrial warehouse with gated yard space.
      80 Allegiance Cir, Evanston, WY 82930
      View Details
    • Contact for pricing
      1,500 SF

      Functional Warehouse with Office Space

      1,500 SF warehouse with office, fenced yard, I-80 access.
      91 Allegiance Cir, Evanston, WY 82930
      View Details
    • Contact for pricing

      Industrial Space Near I-80

      Industrial complex with immediate I-80 access in Evanston, Wyoming.
      1000 W Cheyenne Dr, Evanston, WY 82930
      View Details
    • $1,100 /Mo
      2,600 SF

      Evanston, WY Commercial Space

      Commercial space for lease with gated yard and overhead door.
      76 Imperial Dr, Evanston, WY 82930
      View Details
    View Listing
    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.
    3281 Wy-89
    Evanston, WY 82930
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!