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Property profile & analytics
FOR SALE
Turn key restaurants

1501 S 3Rd St Laramie, WY 82070

1,760 SF 0.38 ac lot Built 1983
Entity Owned 8-yr Hold Free & Clear
Property ID
US95-0262781
Property summary
AI-generated overview

This exceptional turn-key restaurant presents a unique investment opportunity in Laramie, Wyoming. Strategically located just north of the Interstate 80 and U.S. Highway 287 interchange, this property boasts unparalleled visibility at the southern entrance to the city. The building underwent a complete remodel in 2019/2020, ensuring all systems and fixtures are essentially brand new. The 1760-square-foot space sits on a sizable 0.38-acre lot, providing ample parking for customers. The restaurant's design caters to both dine-in and drive-thru patrons, maximizing potential revenue streams. Its prime street frontage location guarantees high traffic and excellent exposure to potential customers. The property is offered for sale at $990,000. This is an exceptional chance to acquire a fully operational, modern restaurant in a high-traffic area with significant growth potential. The combination of convenient location, recent renovations, and versatile design makes this a truly compelling investment. All equipment and fixtures are included, making this a truly turn-key operation ready for immediate occupancy. Don't miss this opportunity to own a thriving business in a desirable Wyoming location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1983
Construction FRAME
Total area 1,760 SF
Lot 0.38 ac (16,509 SF)
APN 15730427000100
UPID US95-0262781
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
  • Fernandito’s Mexican Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Timberline Tree Farm LLC · 8 yrs held
Timberline Tree Farm LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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