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    1257 High St Wheatland, WY 82201

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    1257 High St Wheatland, WY 82201

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    • Commercial real estate
    • 2,582 SF
    For Sale
    $275,000
    View Listing →
    Wheatland Commercial Building For Sale For Sale
    $275,000
    2,582 SF

    Wheatland Commercial Building For Sale

    High Street commercial space, 2,582 sq ft.

    Bordeaux, WY 82201
    View Listing
    Property ID
    US95-0245252
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1257 High St

    Year built
    1998
    Property size
    2,582 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 1257 High Street in Wheatland, Wyoming, presents a fantastic investment opportunity. The building boasts a generous 2,582 square feet of versatile space, ideal for a variety of commercial uses. Situated on a lot with no acreage, this property offers convenient access and minimal land maintenance. The asking price is $275,000, representing a compelling value in the thriving Wheatland market. The property's prime location on High Street ensures high visibility and accessibility for customers and employees. The building's interior is ready for immediate occupancy, allowing for a swift transition to your business operations. This presents a unique chance to establish or expand your business in a vibrant community. The absence of acreage simplifies property management, reducing overhead costs and maximizing your return on investment. With its strategic location and substantial square footage, this property is poised for success. Serious inquiries are encouraged to explore the full potential of this exceptional commercial offering. The property is available for immediate possession, allowing for a seamless transition into your new business venture. Don't miss this opportunity to acquire a well-positioned commercial space in a growing Wyoming town.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheatland
    County
    Platte
    State
    Wyoming
    Longitude
    -104.9583
    Latitude
    42.05237

    Comparable in this City

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      Wheatland Commercial Property Investment

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      Wheatland Commercial Building For Sale

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    • $320,000
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      Wheatland Commercial Building Opportunity

      6,500 SF Commercial Space - $320,000
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      Prime Commercial Land I-25 Frontage

      3.4 acres of commercial land with I-25 visibility.
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      Wheatland Ranch on Full Acre

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      Wyoming Ranch with Irrigation

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    Similar Nearby for Sale

    • $1,500,000
      1,120 SF

      Wheatland Commercial Property Investment

      Prime 1-acre lot, 1,120 sq ft building.
      2334 16Th St, Wheatland, WY 82201
      View Details
    • $215,000
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      Wheatland Commercial Building For Sale

      Prime Wheatland location, 3,250 sq ft.
      807 9Th St, Wheatland, WY 82201
      View Details
    • $320,000
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      Wheatland Commercial Building Opportunity

      6,500 SF Commercial Space - $320,000
      805 9Th St, Wheatland, WY 82201
      View Details
    • $750,000
      3.40 Acres

      Prime Commercial Land I-25 Frontage

      3.4 acres of commercial land with I-25 visibility.
      1905 16Th St, Wheatland, WY 82201
      View Details
    • $398,000
      1.00 Acre

      Wheatland Ranch on Full Acre

      Spacious Wheatland ranch with updated features on a full acre.
      17 Rick Rd, Wheatland, WY 82201
      View Details
    • New
      $2,500,000
      1,290.00 Acres

      Wyoming Ranch with Irrigation

      1290-acre ranch near Wheatland, Wyoming, with irrigation and improvements.
      Delancey Rnch, Wheatland, WY 82201
      View Details
    View Listing
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    Wheatland, WY 82201
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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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