204 Mccollum StLaramie, WY 82070

Property Details for 204 Mccollum St

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.01 AC

Property size (Sq ft)

19,161 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

16733530400100

APU

16733530400100

Description

This exceptional medical office building, located at 204 McCollum St, Laramie, Wyoming 82070, presents a unique investment opportunity. The property, a Class B building constructed in 1981, offers 22,881 square feet of space across two stories, situated on a 2.01-acre lot. The building features 50 parking spaces, a significant advantage for both patients and staff. Currently available is approximately 1,000 square feet of medical office space on the upper level, within a larger 2,150 square foot suite shared with other tenants. This space requires some updating, and the landlord is willing to participate in tenant improvements with a suitable lease agreement. The asking price is $16.00 per square foot on a triple net (NNN) lease basis. Historically, NNN charges have averaged approximately $4.50 per square foot. The building's convenient location next to Ivinson Memorial Hospital makes it an ideal choice for medical professionals seeking a high-traffic, easily accessible location. The property is offered for lease as a multi-tenant building. This presents a compelling opportunity for medical practices seeking a well-situated, established space in a thriving Wyoming community. The property is comprised of one building.

• CAP approach

  CAP return

  Valuation

  6%

  $4,359,634

  6.5%

  $4,024,278

  7%

  $3,736,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,798,821

  Geo Method

  $1,583,082

• Alternative Use

  Use

  Valuation

  Residential

  $4,990,104

  Hospitality

  $4,570,909

  Educational

  $3,802,943

  Medical

  $3,933,732

  Retail

  $5,915,688

Location Insight

City

Laramie

County

Albany

State

Wyoming

Latitude

41.3104

Longitude

-105.556

CBSA code

29660

CBSA name

LARAMIE, WY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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