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    6 1/2 Lovell, WY 82421
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    6 1/2, Lovell, WY 82421

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    Cap Rate Potential
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    Current Use by Public Records

    • Land

    Property Details for 6 1/2

    Property type
    Land
    Property subtype
    Farms

    Description

    Discover a remarkable 160-acre agricultural property nestled near Deaver, Wyoming, priced at $315,000. This expansive land boasts 28 irrigated acres, complete with established ditches and gated pipe irrigation managed by the Deaver Irrigation District, perfect for farming or livestock. The property's lower pasture is fenced and ready for horses or livestock, currently producing meadow brome grass hay. Enjoy the privacy afforded by Bureau of Reclamation land bordering two sides. Convenient access to electricity runs along the eastern boundary, parallel to Road 3, opening possibilities for future development. The property offers breathtaking mountain views and the added benefit of hunting opportunities on your own land. This unique offering combines functionality and beauty, making it ideal for a dream home, equestrian facility, or agricultural venture. Its ample size, efficient irrigation system, and proximity to public lands present a rare opportunity for a tranquil and productive lifestyle in northwestern Wyoming. The total land area encompasses 6,969,600 square feet, located at TBD Lane 6 1/2, Deaver, WY 82421.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lovell
    County
    Big Horn
    State
    Wyoming
    Longitude
    -108.52
    Latitude
    44.9148

    Comparable in this City

    • Value Estimation by Request
      1,344 SF

      24 Lane 3

      Farms • 1,344 SF
      24 Lane 3, Deaver, WY 82421
      View Details
    • Value Estimation by Request
      3,710 SF

      373 Road 2

      Farms • 3,710 SF
      373 Road 2, Deaver, WY 82421
      View Details
    • Value Estimation by Request

      14 Lane 5 1/2

      Land
      14 Lane 5 1/2, Deaver, WY 82421
      View Details
    • Value Estimation by Request
      33.73 Acres

      Deaver, WY 82421

      VACANT COMMERCIAL LAND • 33.73 Acres
      Deaver, WY 82421
      View Details
    • Value Estimation by Request
      40.00 Acres

      21 Ln 4th W

      VACANT COMMERCIAL LAND • 40.00 Acres
      21 Ln 4th W, Deaver, WY 82421-9614
      View Details
    • Value Estimation by Request
      401.00 Acres

      Deaver, WY 82421

      VACANT COMMERCIAL LAND • 401.00 Acres
      Deaver, WY 82421
      View Details

    Similar Nearby for Sale

    • $675,000
      238.50 Acres

      Productive Farmland East of Deaver

      238.5 acres of productive farmland with irrigation and utilities.
      359 Lane 7 1/2, Deaver, WY 82421
      View Details
    • $130,000
      44.00 Acres

      Wyoming Land with Mountain Views

      44 acres near Deaver, Wyoming, with mountain views.
      Road 1, Deaver, WY 82421
      View Details
    • $499,900
      4,096 SF

      Wyoming Restaurant Business Opportunity

      Profitable restaurant for sale with real estate and license.
      775 Us Highway 310, Deaver, WY 82421
      View Details
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    6 1/2
    Lovell, WY 82421
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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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