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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1022 13th St Cody, WY 82414-3631

    • Bars
    • 4,878 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0177785
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • WYOld West Taproom / Family Restaurant / Restaurant

    Property Details for 1022 13th St

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.13 lot acres
    Property size
    4,878 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    5000100913000
    APU
    5000100913000

    Description

    This thriving Cody, Wyoming restaurant, located at 1022 13th St, zip code 82414, presents a unique turnkey opportunity for a savvy investor. Priced at $99,000, this retail property boasts a highly desirable location and a strong reputation, having been voted the "Best Restaurant in the Big Horn Basin." The business includes a fully operational tap wall, a pour-my-beer system, and recently updated kitchen equipment, all in excellent working order. The current fixtures, furniture, and equipment (FF&E) alone are valued at more than the asking price. This is an exceptional chance to acquire a well-established business with significant potential for growth. The sale includes the existing bar and grill license issued by the City of Cody. Note that Taproom, LLC, is a separate entity from Wyold West Brewing Company, LLC, and the LLC can be acquired along with the business assets and license. This presents a rare opportunity to step into a successful operation with minimal start-up costs and immediate revenue generation. The property is situated in Park County, Wyoming, at coordinates 44.5267136 latitude and -109.0617763 longitude. For those with a passion for craft beer, this is an especially attractive proposition.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $270,000
      Market price range: $271k - $551k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $410,000
      Current use
      MEDICAL BUILDING
      $440,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $425,000
      Change: +3% Conversion: Easy
      COMMERCIAL (GENERAL)
      $375,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cody
    County
    Park
    State
    Wyoming
    Longitude
    -109.062
    Latitude
    44.5267

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,302
    $16,775
    $27,188
    $43,963
    -
    $176,575
    $286,188
    $462,763

    Comparable in this City

    • Value Estimation
      $270,000
      3,456 SF

      2357 Mtn Vw Dr

      BAR, TAVERN • 3,456 SF
      2357 Mtn Vw Dr, Cody, WY 82414-9754
      View Details
    • Value Estimation
      $320,000
      2,500 SF

      1019 15th St

      BAR, TAVERN • 2,500 SF
      1019 15th St, Cody, WY 82414-3721
      View Details
    • Value Estimation
      $285,000
      7,793 SF

      1057 Sheridan Ave

      BAR, TAVERN • 7,793 SF
      1057 Sheridan Ave, Cody, WY 82414-3529
      View Details
    • Value Estimation
      $280,000
      729 SF

      1907 Big Horn Ave

      BAR, TAVERN • 729 SF
      1907 Big Horn Ave, Cody, WY 82414-8443
      View Details
    • Value Estimation by Request
      3,490 SF

      348 Fork Hwy

      Restaurants • 3,490 SF
      348 Fork Hwy, Cody, WY 82414
      View Details
    • Value Estimation
      $525,000
      17,600 SF

      1326 Beck Ave

      BAR, TAVERN • 17,600 SF
      1326 Beck Ave, Cody, WY 82414-3729
      View Details

    Similar Nearby for Sale

    • $500,000
      3,490 SF

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      Prime Location, High Revenue Potential
      348 Fork Hwy, Cody, WY 82414
      View Details
    • $1,699,000
      7.01 Acres

      Iconic Cody Property on Yellowstone

      7-acre property with 12,272 sq ft commercial building and residence.
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    • $499,995

      Bubba's BBQ: Turnkey Restaurant

      Profitable Wyoming BBQ, Highway to Yellowstone
      512 Yellowstone Ave, Cody, WY 82414
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    • $1,899,900
      8,244 SF

      Cody Mixed-Use Investment Opportunity

      Profitable Restaurant & Hotel Potential
      1651 8Th St, Cody, WY 82414
      View Details
    • $1,350,000
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      Downtown Cody Investment Opportunity

      Multi-unit property with stable income and upside potential.
      1128 12Th St, Cody, WY 82414
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    • $1,225,000
      0.10 Acres

      Profitable Restaurant and Building Opportunity

      Turn-key restaurant and building for sale in prime Cody location.
      1491 Sheridan Ave, Cody, WY 82414
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Downtown Cody Commercial Space Available

      Prime retail/office space in high-traffic downtown Cody location.
      1330 Beck Ave, Cody, WY 82414
      View Details
    • $1,250 /Mo

      Commercial/Industrial Space in Cody, WY

      Commercial/industrial space for lease featuring a conference room and community bathroom.
      164 Blackburn St, Cody, WY 82414
      View Details
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    Cody, WY 82414-3631
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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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