Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1318 Elk St Rock Springs, WY 82901-4518

    • Commercial real estate
    • 4,200 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0152980
    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

    • big johns truck repair / Auto Repair Shop

    Property Details for 1318 Elk St

    Year built
    1950
    Lot size
    1.10 lot acres
    Property size
    4,200 SF
    Property type
    Commercial real estate
    APN
    1905-26-2-00-032-00
    APU
    19052620003200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rock Springs
    County
    Sweetwater
    State
    Wyoming
    Longitude
    -109.229
    Latitude
    41.5998
    CBSA code
    40540
    CBSA name
    ROCK SPRINGS, WY MICROPOLITAN STATISTICAL AREA

    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
    2023
    $1,098
    $11,292
    $3,866
    $15,158
    -
    $118,862
    $40,695
    $159,557

    Comparable in this City

    • Value Estimation by Request
      2.60 Acres

      Gtwy Blvd -

      Land • 2.60 Acres
      0 Gtwy Blvd -, Rock Springs, WY 82901
      View Details
    • Value Estimation by Request
      11.15 Acres

      Gtwy Blvd -

      Land • 11.15 Acres
      0 Gtwy Blvd -, Rock Springs, WY 82901
      View Details
    • Value Estimation by Request
      2.89 Acres

      Gateway Blvd

      Land • 125,888 SF
      0 Gateway Blvd, Rock Springs, WY 82901
      View Details
    • Value Estimation by Request
      36.51 Acres

      1525 Cumberland Dr

      Land • 36.51 Acres
      1525 Cumberland Dr, Rock Springs, WY 82901
      View Details
    • Value Estimation by Request
      2.00 Acres

      7 Purple Sage Rd

      COMMERCIAL (GENERAL) • 2.00 Acres
      7 Purple Sage Rd, Rock Springs, WY 82901-6813
      View Details
    • Value Estimation by Request
      2.62 Acres

      54 Purple Sage Rd

      COMMERCIAL (GENERAL) • 2.62 Acres
      54 Purple Sage Rd, Rock Springs, WY 82901-6815
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.00 Acres

      10-Acre Commercial Land, Rock Springs, WY

      Prime Wyoming Commercial Land - 10 Acres Available
      1800 Dewar Dr, Rock Springs, WY 82901
      View Details
    • $435,750
      2.49 Acres

      Rock Springs Commercial Land Parcel

      Prime I-80 location, B-2 zoning. Opportunity Zone.
      0 Gateway Blvd, Rock Springs, WY 82901
      View Details
    • $1,951,250
      11.15 Acres

      Rock Springs Commercial Land Parcel

      11.15 Acres, I-80 Visibility, B-2 Zoning
      0 Gtwy Blvd -, Rock Springs, WY 82901
      View Details
    • $463,750
      2.65 Acres

      Rock Springs Commercial Land

      Prime I-80 location, B-2 zoning.
      0 Gtwy Blvd -, Rock Springs, WY 82901
      View Details
    • $495,000
      2.40 Acres

      Rock Springs Industrial Land - $495k

      2.4-acre heavy industrial lot, prime location.
      2711 Yellowstone Rd, Rock Springs, WY 82901
      View Details
    • $5,550,000
      36.51 Acres

      Westborough/Park Hill Estates Land

      Prime Rock Springs land, ideal mobile home park site.
      1525 Cumberland Dr, Rock Springs, WY 82901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Prime Industrial Warehouse Space

      3,000 SF Warehouse - I-2 Zoning
      266 Production Dr, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      226,639 SF

      Rock Springs Industrial Campus

      226,639 SF Manufacturing/Flex Space
      1801 Blairtown Rd, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      336,870 SF

      White Mountain Shopping Center Investment

      Prime Retail Space, Rock Springs, Wyoming
      2421 Foothill Blvd, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      19,839 SF

      Rock Springs Plaza Retail Spaces

      Prime Retail Space, High Traffic Area, Newly Renovated.
      1405 Dewar Dr, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      4,607 SF

      Renovated Retail Space For Rent

      Newly renovated storefronts with excellent visibility in central location.
      1313 Dewar Dr, Rock Springs, WY 82901
      View Details
    • Contact for pricing
      5,510 SF

      Rock Springs Retail Strip Center

      High-visibility retail spaces available.
      2400 Foothill Blvd, Rock Springs, WY 82901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1318 Elk St
    Rock Springs, WY 82901-4518
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.