4921 Highway StMills, WY 82604
- Hospitality properties
- 2,306 SF
Property Details for 4921 Highway St
- Year built
- 1952
- Lot size
- 0.29 AC
- Property size (Sq ft)
- 2,306 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
- APN
- 3380-01-31-3-00900
- APU
- 33800131300900
Description
This exceptional commercial property, located at 4921 W Highway Street in Mills, Wyoming, presents a unique investment opportunity. Boasting a generous 2,306 square feet of space, this property is ideally suited for a variety of commercial ventures. The building is situated on a lot with no acreage, offering convenient access and minimal land maintenance. The asking price is $175,000, representing a compelling value in the current market. The property's "Other" classification suggests versatility in its potential uses, allowing for creative adaptation to suit specific business needs. Its location in Mills, Wyoming, provides access to a local market and potential for growth. The absence of additional acreage simplifies operations and reduces overhead costs associated with land management. This property is an excellent choice for entrepreneurs seeking a cost-effective entry point into the commercial real estate market or for established businesses looking to expand or relocate. The substantial square footage offers ample room for operations, storage, or a combination of both. The property's straightforward design and layout allow for easy customization and efficient use of space. Serious inquiries are encouraged to explore the full potential of this promising commercial property. Given the attractive price point and the flexibility of the space, this property is expected to generate significant interest. Further details are available upon request.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $567,322
- 6.5%
- $523,682
- 7%
- $486,276
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,293,939
- Geo Method
- $447,726
-
Alternative Use
- Use
- Valuation
- Residential
- $571,709
- Hospitality
- $523,682
- Educational
- $435,697
- Medical
- $450,682
- Retail
- $677,751
Location Insight
- City
- Mills
- County
- Natrona
- State
- Wyoming
- Latitude
- 42.8528
- Longitude
- -106.389
- CBSA code
- 16220
- CBSA name
- CASPER, WY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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