172 Progress Cir Cheyenne, WY 82644
This exceptional industrial property, located at 172 Progress Circle in Mills, Wyoming, presents a compelling investment opportunity. The 4,752 square foot building sits on a 0.67-acre lot and boasts a desirable location with easy access to Salt Creek Highway. Constructed in 1982, the structure has been meticulously maintained and updated. The warehouse space comprises 3,456 square feet of radiant-heated shop area, equipped with two 12-foot overhead doors and three-phase power, ideal for various industrial uses. In addition, the property includes 1,152 square feet of well-appointed office space. The office area features a separate restroom, reception area, break room, and three private offices, providing ample space for administrative functions. The property offers convenient parking with 20 spaces available. The building is zoned for established industrial use. The asking price is $595,000, translating to $125.21 per square foot. This property has a proven rental history, having been leased for three years at $3,500 NNN. This presents a strong potential for continued income generation. The property is located in Laramie County, Wyoming, with a mailing address of 172 Progress Cir, Cheyenne, WY 82644. An alternate address is 172 Progress Cir, Casper, WY 82601.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.