Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Tbd Paul Smith Way Cheyenne, WY 82001

    • Land
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Paul Smith Way

    Lot size
    0.46 lot acres
    Property type
    Land

    Description

    This exceptional 0.46-acre commercial lot is situated within Cheyenne's burgeoning Hitching Post Plaza. The property boasts a prime location, offering unparalleled access and visibility. Benefitting from recently completed infrastructure including roads, sidewalks, curbs, and gutters, this lot is development-ready. Its strategic placement adjacent to newly constructed hotels and the City of Cheyenne's new gymnastics facility, and in close proximity to the Ice and Events Center, ensures high traffic and visibility. Convenient interstate access further enhances its appeal, making it ideal for a variety of commercial uses, including retail, hospitality, or other businesses. The property is zoned CB, providing flexibility for development plans. This represents a significant investment opportunity in a rapidly growing area of Cheyenne, Wyoming, offering substantial potential for return. Don't miss this chance to establish your business in a thriving commercial hub. The address is TBD Paul Smith Way, Cheyenne, WY 82001.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.831
    Latitude
    41.1271

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      6102 Us-30

      Land • 5.00 Acres
      6102 Us-30, Cheyenne, WY 82001
      View Details
    • Value Estimation by Request
      0.32 Acres

      1822 Logan Ave

      Specialty properties • 1,644 SF
      1822 Logan Ave, Cheyenne, WY 82001
      View Details
    • Value Estimation by Request
      5.40 Acres

      Charles St

      Land • 5.40 Acres
      0 Charles St, Cheyenne, WY 82001
      View Details
    • Value Estimation by Request
      2.10 Acres

      3820 Pershing Blvd

      Land • 2.10 Acres
      3820 Pershing Blvd, Cheyenne, WY 82001
      View Details
    • Value Estimation by Request

      Paul Smith Way

      Land
      0 Paul Smith Way, Cheyenne, WY 82001
      View Details
    • Value Estimation by Request

      Us-30

      Land
      0 Us-30, Cheyenne, WY 82001
      View Details

    Similar Nearby for Sale

    • $590,000
      0.38 Acres

      Cheyenne Commercial Land - Prime Location

      High-visibility corner lot, 0.38 acres.
      701 Lincolnway, Cheyenne, WY 82001
      View Details
    • $800,000
      5.40 Acres

      Cheyenne Commercial Land - 5.4 Acres

      Mixed-use business land, owner financing available.
      0 Charles St, Cheyenne, WY 82001
      View Details
    • $1,600,000
      2.10 Acres

      Prime Cheyenne Commercial Land

      2.1 Acres, $1.6M, Build-to-Suit Option
      3820 Pershing Blvd, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Land For Sale Cheyenne

      Land available for sale in Cheyenne, Wyoming.
      3906 E Pershing Blvd, Cheyenne, WY 82001
      View Details
    • $485,000
      0.32 Acres

      Logan Ave Commercial Land

      Cheyenne, WY investment opportunity.
      1822 Logan Ave, Cheyenne, WY 82001
      View Details
    • $800,000

      Land Available with Seller Financing

      Land for sale with seller financing options available.
      4610 Charles St, Cheyenne, WY 82001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,500 SF

      Cheyenne Office Space For Rent

      10,500 SF office space available for lease.
      4017 Rawlins St, Cheyenne, WY 82001
      View Details
    • $10 SF/Yr
      6,300 SF

      Cheyenne Retail Space Available

      6,300 SF retail space for lease in Cheyenne, Wyoming.
      2624 Old Happy Jack Rd, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      15,000 SF

      Cheyenne Office/Medical Space Available

      15,000 SF office/medical space in excellent Cheyenne location.
      1401 Airport Pkwy, Cheyenne, WY 82001
      View Details
    • $15 SF/Yr
      3,087 SF

      Cheyenne Office Space For Rent

      Office space available for lease in Cheyenne, Wyoming.
      1013 E Lincolnway, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      12,000 SF

      Cheyenne Warehouse with Secured Area

      12,000 SF warehouse with office space and secured fenced area.
      2530 Old Happy Jack Rd, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      6,000 SF

      Cheyenne Office Space For Lease

      Office space with bright offices and conference room available for lease.
      813 E Lincolnway, Cheyenne, WY 82001
      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.
    Tbd Paul Smith Way
    Cheyenne, WY 82001
    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!