300 Morrie Ave Cheyenne, WY 82007
- Office buildings
- 46,005 SF
- 4.31 lot acres
Current Use by Public Records
- Frontier Refinery / Oil Refinery
Property Details for 300 Morrie Ave
- Year built
- 2009
- Lot size
- 4.31 lot acres
- Property size
- 46,005 SF
- Zone code
- LI
- Property type
- Office buildings
- APN
- 13929000100010
- APU
- 13929000100010
Description
This exceptional Class A, 69,941 square foot creative office building in Cheyenne, Wyoming, presents a unique owner-user opportunity. Located at 300 Morrie Ave, 82007, this three-story building, constructed in 2009, sits on a 4.31-acre lot and boasts a light industrial zoning designation, offering flexibility for various uses including office and lab space. The building features high ceilings, ample parking, and modern amenities such as 10 restrooms, two locker rooms with showers and laundry facilities, and two kitchens. Designed by Tobin and Associates, the building incorporates sustainable architectural principles. Security features include card access. Redundant power is ensured by an on-site generator. Each floor comprises approximately 22,000 square feet. Currently, the building has 33% occupancy (as of August 7, 2023). The asking price is $15,000,000 ($214 per square foot), with a land value of $79.89 per square foot. The seller will consider leasing back one-third of the property at the buyer's discretion. This presents a compelling investment opportunity for a business seeking a modern, well-equipped space with significant expansion potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,205,000
- 6.5%
- $1,240,000
- 7%
- $1,355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,125,000
- Geo Method
- $1,280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,375,000
- Retail
- $1,355,000
- Mixed-Use
- $1,360,000
- Hospitality
- $1,300,000
- Educational
- $1,325,000
- Residential Income
- $1,305,000
- Energy
- $1,065,000
- Income-Based Land
- $1,020,000
- Food Service
- $1,385,000
Location Insight
- Map
- Local Demand
- City
- Cheyenne
- County
- Laramie
- State
- Wyoming
- Longitude
- -104.797
- Latitude
- 41.125
- CBSA code
- 16940
- CBSA name
- CHEYENNE, WY METROPOLITAN STATISTICAL AREA
