Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    425 Broadway Ave Riverton, WY 82501

    Property Lookup

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

    425 Broadway Ave Riverton, WY 82501

    View on Map
    • Warehouses
    • 22,434 SF
    • 1.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fremont Distributing / Big Box & Wholesale Store / Distribution Center

    Property Details for 425 Broadway Ave

    Year built
    1978
    Lot size
    1.67 lot acres
    Property size
    22,434 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Riverton, Wyoming industrial property, located at 425 N Broadway Ave, presents a unique investment opportunity. The 22,434 square foot warehouse, built in 1978 with renovations in 1999 and 2008, sits on a spacious 1.67-acre lot in Fremont County (zip code 82501). The single-story building boasts three loading docks, including two dock-high doors and one 14' grade-level door, ensuring efficient loading and unloading. The interior features over 17,000 square feet of refrigerated storage space, perfect for temperature-sensitive goods, plus a 3,600 square foot heated area. Five separate storage areas offer flexible configuration options. Automatic lighting in the larger warehouse units enhances functionality. Beyond the warehouse, the property includes approximately 2,400 square feet of finished space. This area is currently divided into 1,200 square feet of office space and 1,200 square feet of residential space (two bedrooms, one bath, kitchen, living area, laundry, and separate entrance). The residential area offers potential for expansion of office space or separate rental income. The property is zoned for commercial use and is priced significantly below recent appraisal. This highly visible location provides ample space for commercial vehicle maneuverability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverton
    County
    Fremont
    State
    Wyoming
    Longitude
    -108.386
    Latitude
    43.0286

    Comparable in this City

    • Value Estimation
      $980,000
      22,434 SF

      325 Broadway Ave

      DISTRIBUTION WAREHOUSE • 22,434 SF
      325 Broadway Ave, Riverton, WY 82501
      View Details
    • Value Estimation by Request
      6,000 SF

      1000th College Vw Dr

      DISTRIBUTION WAREHOUSE • 6,000 SF
      1000th College Vw Dr, Riverton, WY 82501-2253
      View Details
    • Value Estimation by Request
      4,000 SF

      708 Lincoln Ave

      DISTRIBUTION WAREHOUSE • 4,000 SF
      708 Lincoln Ave, Riverton, WY 82501-3608
      View Details
    • Value Estimation
      $1,260,000
      30,240 SF

      511 Sunset Dr

      DISTRIBUTION WAREHOUSE • 30,240 SF
      511 Sunset Dr, Riverton, WY 82501-2639
      View Details
    • Value Estimation
      $520,000
      10,390 SF

      709 Main St

      DISTRIBUTION WAREHOUSE • 10,390 SF
      709 Main St, Riverton, WY 82501-3339
      View Details
    • Value Estimation by Request
      0.11 Acres

      219 3rd E St

      WAREHOUSE, STORAGE • 0.11 Acres
      219 3rd E St, Riverton, WY 82501-3538
      View Details

    Similar Nearby for Sale

    • $975,000
      2.92 Acres

      Riverton Commercial Building on Main

      12,600 SF commercial building on 2.9 acres.
      801 W Main St, Riverton, WY 82501
      View Details
    • $825,000
      4,100 SF

      Riverton Commercial Building on Highway

      Remodeled retail space with shop and fenced yard.
      510 S Federal Blvd, Riverton, WY 82501
      View Details
    • $300,000
      2.70 Acres

      Riverton Commercial Building with Shop

      Heated shop and office building on 2.7 acres.
      50 Dalley Rd, Riverton, WY 82501
      View Details
    • $1,575,000
      1.67 Acres

      Commercial Building with Refrigerated Space

      Commercial building with storage, office, and residential space in Riverton.
      425 N Broadway Ave, Riverton, WY 82501
      View Details
    • $99,500
      3,410 SF

      Riverton Commercial Building For Sale

      3,410 sq ft Commercial Space - $99,500
      515 Federal Blvd, Riverton, WY 82501
      View Details
    • $74,500

      Residential Land in Riverton, WY

      Residential land lot available in Riverton, Wyoming.
      Pebble Beach Dr, Riverton, WY 82501
      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.
    425 Broadway Ave
    Riverton, WY 82501
    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!