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Property profile & analytics
FOR SALE
Medical Office Space
1217 S Greeley Hwy Cheyenne, WY 82007
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US95-0341747
For Sale
1 / 34
$1,975,000
1217 S Greeley Hwy, Cheyenne, WY 82007
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
5,264 SF
Lot
1.97 ac (85,813 SF)
Zoning code
CB
APN
11079003900020
UPID
US95-0341747
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Brookside Physical Therapy Physician
-
Douglas K. Wilson, DPT Physician
-
Health Medical Institute Medical Clinic
-
Adaptec Prosthetics Orthotics & Prosthetics Service
-
Nancy B. Rangel, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1217 Investments LLC · 20 yrs held
1217 Investments LLC
since 2006
7 recorded transactions
Zoning & alternative use
CB · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cheyenne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cheyenne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,730
Tax year 2023
Assessed value
$115,565
Assessed 2024
Previous assessed
$116,325
-0.7% YoY
Effective rate
7.55%
On assessed value
Assessed land
$13,675
Assessed improvement
$101,890
Land market value
$143,950
Improvement market value
$1,072,517
Total market value
$1,216,467
Applied tax rate
130.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2006
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
5,264 SF
Lot
1.97 ac (85,813 SF)
Zoning code
CB
APN
11079003900020
UPID
US95-0341747
Jurisdiction
LARAMIE
Zoning & alternative use
CB · Cheyenne, WY
Zoning CB · permitted uses
CB · Cheyenne, WY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cheyenne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
1217 Investments LLC
Entity
Mailing address
3339 HALES RNCH RD, CHEYENNE, WY 82007-1825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
1217 Investments LLC
—
Deed
related
$161,365 · Western Vista FCU
May 28, 2021
—
1217 Investments LLC
—
Deed
related
$40,000 · Western Vista FCU
May 27, 2021
—
1217 Investments LLC
—
Deed
related
$1,424,000 · Western Vista FCU
May 31, 2019
—
1217 Investments LLC
—
Deed
related
$225,000 · Pinnacle Bk/wy
Jun 29, 2018
—
1217 Investments LLC
—
Deed
related
—
May 30, 2017
—
1217 Invs LLC
—
Trustees Deed
related
$229,000 · Pinnacle Bk/wy
Mar 23, 2006
—
1217 Investments LLC
Snowy Range Land Co LLC
Quit Claim Deed
related
—
May 25, 2005
—
Snowy Range Land Co LLC
Legend Homes INC
Warranty Deed
$247,989 · Pinnacle Bank Cheyenne
—
—
1217 Investments LLC
—
Deed Of Trust
related
$225,000 · Pinnacle Bk/wy
—
—
1217 Investments LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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