Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    220 Wy-96 Douglas, WY 82633

    Property Lookup

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

    220 Wy-96 Douglas, WY 82633

    View on Map
    • Warehouses
    • 1,980 SF
    • 5.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 220 Wy-96

    Year built
    2015
    Lot size
    5.50 lot acres
    Property size
    1,980 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, located at 220 State Highway 96 in Douglas, Wyoming, presents a significant opportunity for businesses seeking ample space and convenient access. The single-tenant warehouse boasts 1,980 square feet of usable space, perfect for storage, manufacturing, or repair operations. Built in 2015, this one-story building sits on a generous 5.5-acre lot, providing extensive outdoor space ideal for additional construction, storage, or parking. The property's location offers easy access to major highways, ensuring efficient transportation of goods and materials. The absence of elevators is noted. The property is situated in Converse County, Wyoming, with a Douglas mailing address and zip code 82633. The building is currently vacant, offering immediate occupancy for the new owner. This expansive property is well-suited for a variety of commercial or industrial uses, providing both indoor and outdoor space to accommodate diverse operational needs. The single-building structure offers simplicity and efficiency for management and operation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Douglas
    County
    Converse
    State
    Wyoming
    Longitude
    -105.501
    Latitude
    42.776

    Comparable in this City

    • Value Estimation by Request
      5,168 SF

      35 Orin Industrial Ave

      DISTRIBUTION WAREHOUSE • 5,168 SF
      35 Orin Industrial Ave, Orin, WY 82633-8600
      View Details
    • Value Estimation by Request
      5,350 SF

      10 Orin Industrial Ave

      DISTRIBUTION WAREHOUSE • 5,350 SF
      10 Orin Industrial Ave, Orin, WY 82633-8600
      View Details
    • Value Estimation by Request
      0.41 Acres

      204 Housiaux Rd

      WAREHOUSE, STORAGE • 0.41 Acres
      204 Housiaux Rd, Douglas, WY 82633
      View Details
    • Value Estimation by Request
      6,926 SF

      200 Elkhorn Way

      WAREHOUSE, STORAGE • 6,926 SF
      200 Elkhorn Way, Douglas, WY 82633
      View Details
    • Value Estimation by Request
      5,056 SF

      315 2nd St

      WAREHOUSE, STORAGE • 5,056 SF
      315 2nd St, Douglas, WY 82633-2109
      View Details
    • Value Estimation by Request
      1,690 SF

      639 4th St

      WAREHOUSE, STORAGE • 1,690 SF
      639 4th St, Douglas, WY 82633-2274
      View Details

    Similar Nearby for Sale

    • $800,000

      Highway Frontage Commercial Property

      15.16 acres with highway frontage, storage building, and house.
      141 State Highway 59, Douglas, WY 82633
      View Details
    • New
      $175,000
      4.52 Acres

      Wyoming Land with Utilities

      4.52 acres near Douglas, WY, with utilities and mountain views.
      2 Cameo Rd, Douglas, WY 82633
      View Details
    • $750,000

      Turn-Key Bowling Alley & Entertainment

      Thriving Douglas entertainment business with bowling alley and arcade.
      116 N 3Rd St, Douglas, WY 82633
      View Details
    • $230,000
      1,146 SF

      Commercial Property in Douglas, Wyoming

      Commercial property for sale with 1,146 square feet.
      328 E Center St, Douglas, WY 82633
      View Details
    • New
      $650,000
      11,132 SF

      Downtown Douglas Commercial Opportunity

      11,000 sq ft building in downtown Douglas, Wyoming.
      126 N 3Rd St, Douglas, WY 82633
      View Details
    • $1,500,000
      5,350 SF

      Prime Douglas, WY Commercial Land

      80 Acres, 5,350 SF Building
      10 Orin Industrial Ave, Douglas, WY 82633
      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.
    220 Wy-96
    Douglas, WY 82633
    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!