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Property profile & analytics
FOR SALE
Medical Office Space
1300 E 20Th St Cheyenne, WY 82001
Entity Owned
~
Est. High Equity
Property ID
US95-0022210
For Sale
1 / 3
$7,900,000
1300 E 20Th St, Cheyenne, WY 82001
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Total area
19,928 SF
Lot
1 ac (43,560 SF)
Zoning code
MUB
APN
11001025200033
UPID
US95-0022210
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
-
Dr. Randolph L. Johnston, MD Ophthalmologist
-
Dr. John A. Millin, MD Physician
-
Anne E. Miller, MD Ophthalmologist
-
Lasik Surgery At Cheyenne Eye Medical Clinic Hospital
-
Dr. Shauna K. Mckusker, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.30M
Owner & transaction history
Affiliated Health Properties LLC
Affiliated Health Properties LLC
since 2025
6 recorded transactions
Zoning & alternative use
MUB · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+20.0%
Retail stores
$2.1M
+3.7%
Restaurant
$2.0M
+1.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,870,000
6.5%
$2,650,000
7%
$2,460,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,980,000
Current use
OFFICE BUILDING
$2,375,000
Change: +20% · Conversion: Easy
RETAIL STORES
$2,055,000
Change: +4% · Conversion: Difficult
RESTAURANT
$2,005,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,920,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,685,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.30M
Range $2.07M – $2.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$115 / SF
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
$20,883
Tax year 2023
Assessed value
$285,351
Assessed 2024
Previous assessed
$295,331
-3.4% YoY
Effective rate
7.32%
On assessed value
Assessed land
$16,842
Assessed improvement
$268,509
Land market value
$177,282
Improvement market value
$2,826,413
Total market value
$3,003,695
Applied tax rate
150.0000
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
1977
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
19,928 SF
Lot
1 ac (43,560 SF)
Zoning code
MUB
APN
11001025200033
UPID
US95-0022210
Jurisdiction
LARAMIE
Zoning & alternative use
MUB · Cheyenne, WY
Zoning MUB · permitted uses
MUB · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Affiliated Health Properties LLC
Entity
Mailing address
1300 E 20TH ST, CHEYENNE, WY 82001-4021
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2025
—
Affiliated Health Properties LLC
—
Deed
related
$5,362,500 · Meridian Trust FCU
Feb 1, 2022
—
Wyoming Eye Institute LLC
—
Deed
related
$2,600,000 · Anb Bank
Aug 31, 2016
—
Wyoming Eye Institute LLC
—
Deed
related
$2,850,000 · Jonah Bk/wy
—
—
Wyoming Eye Institute LLC
—
Deed Of Trust
related
$2,850,000 · Jonah Bk/wy
—
—
Wyoming Eye Institute LLC
—
Deed Of Trust
related
$2,625,000 · American National Bank & Trust
—
—
Wyoming Eye Institute LLC
—
Loan Modification
related
$1,850,000 · American National Bank & Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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