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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Motels
1400 Lincolnway Cheyenne, WY 82001
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US95-0029792
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2008
Total area
25,433 SF
Lot
1.92 ac (83,635 SF)
Zoning code
CB
APN
19475000100010
UPID
US95-0029792
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
-
Microtel Inn & Suites by Wyndham Cheyenne Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$805k
Owner & transaction history
Aim Properties LLC · 3 yrs held
Aim Properties LLC
since 2023
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
Method
Estimation
Statistic approach
by Request
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$665,000
Current use
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$32 / 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
$21,661
Tax year 2023
Assessed value
$304,788
Assessed 2024
Previous assessed
$306,332
-0.5% YoY
Effective rate
7.11%
On assessed value
Assessed land
$25,563
Assessed improvement
$279,225
Land market value
$269,088
Improvement market value
$2,939,206
Total market value
$3,208,294
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2008
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Units
56
Total area
25,433 SF
Lot
1.92 ac (83,635 SF)
Zoning code
CB
APN
19475000100010
UPID
US95-0029792
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$665,000
HOTEL/MOTEL Current
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
2008
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
56
Lot
1.92 ac
Current owner
From public records · entity-resolved
Aim Properties LLC
Entity
Mailing address
PO BOX 874, GILLETTE, WY 82717-0874
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
—
Aim Properties LLC
4u2 Relax INC
Warranty Deed
$3,450,000 · Security State Bank
Oct 21, 2021
—
402 Rellax INC
Wyoming Grand LLC
Warranty Deed
$2,765,000 · Platte Valley Bank
Feb 26, 2004
—
Robert S Smith
—
Trustees Deed
related
$12,371 · Western Bank Cheyenne
—
—
Wyoming Grand LLC
—
Deed Of Trust
related
$2,290,750 · Pinnacle Bank
—
—
Robert S Smith
—
Deed Of Trust
related
$48,000 · Westland Holdings INC
—
—
Wyoming Grand LLC
—
Loan Modification
related
$3,588,344 · Pinnacle Bank Wy
—
—
Robert S Smith
—
Deed Of Trust
related
$100,050 · Western Bank Cheyenne
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.
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