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    600 Whalen St Guernsey, WY 82214

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    600 Whalen St Guernsey, WY 82214

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    • Retail properties & Spaces
    • 10,566 SF
    • 1.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 600 Whalen St

    Year built
    2023
    Lot size
    1.10 lot acres
    Property size
    10,566 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a 10,566 square foot Dollar General store located at 600 W Whalen St, Guernsey, WY 82214. The property sits on a 1.1-acre lot and boasts a 15.1-year absolute NNN lease, commencing August 28, 2023, and expiring September 29, 2038. The lease includes rent bumps every five years, providing consistent income growth. The tenant, Dollar General, is backed by a corporate guarantee, mitigating risk. The property enjoys a prime location on US Route 26, benefiting from high visibility and significant traffic (4,932 AADT). The affluent area boasts an average annual household income of $93,336 within a one-mile radius, projected to increase by 13% by 2028. Proximity to Camp Guernsey Joint Training Center and Guernsey State Park further enhances the property's appeal. The building was constructed in 2023. The Net Operating Income (NOI) is $118,917, resulting in a 6.35% cap rate. This is an ideal investment for passive investors seeking a secure, high-return asset with minimal management responsibilities. The asking price is $1,873,000. This offering is suitable for a 1031 exchange.

    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
    Guernsey
    County
    Platte
    State
    Wyoming
    Longitude
    -104.75
    Latitude
    42.2692

    Comparable in this City

    • Value Estimation by Request
      10,566 SF

      600 Whalen St

      Individual retail properties • 10,566 SF
      600 Whalen St, Guernsey, WY 82214
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    • Value Estimation by Request
      1,938 SF

      200 Whalen

      CONVENIENCE STORE • 1,938 SF
      200 Whalen, Guernsey, WY 82214
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    • Value Estimation by Request
      1,296 SF

      65 Wyoming

      RETAIL STORES (PERSONAL SERVICES) • 1,296 SF
      65 Wyoming, Guernsey, WY 82214
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    • Value Estimation by Request
      7,072 SF

      600 Whalen

      RETAIL STORES (PERSONAL SERVICES) • 7,072 SF
      600 Whalen, Guernsey, WY 82214
      View Details
    • Value Estimation by Request
      7,680 SF

      452 Whalen

      RETAIL STORES (PERSONAL SERVICES) • 7,680 SF
      452 Whalen, Guernsey, WY 82214
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    • Value Estimation by Request
      4,560 SF

      17 Wyoming

      FINANCIAL BUILDING • 4,560 SF
      17 Wyoming, Guernsey, WY 82214-5208
      View Details
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    Guernsey, WY 82214
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    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
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