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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Investment properties
1603 Capitol Ave Cheyenne, WY 82001-4569
Entity Owned
3-yr Hold
Free & Clear
Property ID
US95-0009273
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1907
Total area
20,516 SF
Lot
0.12 ac (5,148 SF)
Zoning code
CBD
APN
11001038900052
UPID
US95-0009273
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
-
Inventia Patent Drafting Law Firm
-
Heart-Centered Counseling of Cheyenne Hospital
-
Taction Software LLC (Bike/Boat/Book/etc) Store Corporate Office
-
adroitkey (Bike/Boat/Book/etc) Store Corporate Office
-
SoftTrend (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.30M
Owner & transaction history
Paramount Holdings LLC · 3 yrs held
Paramount Holdings LLC
since 2023
7 recorded transactions
Zoning & alternative use
CBD · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+40.9%
Retail stores
$2.1M
+21.7%
Restaurant
$2.1M
+18.7%
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%
$2,400,000
6.5%
$2,215,000
7%
$2,055,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,735,000
Current use
OFFICE BUILDING
$2,445,000
Change: +41% · Conversion: Easy
RETAIL STORES
$2,115,000
Change: +22% · Conversion: Easy
RESTAURANT
$2,060,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$2,040,000
Change: +17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,975,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±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
$112 / 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
$17,915
Tax year 2023
Assessed value
$200,168
Assessed 2024
Previous assessed
$197,500
+1.4% YoY
Effective rate
8.95%
On assessed value
Assessed land
$8,347
Assessed improvement
$191,821
Land market value
$87,858
Improvement market value
$2,019,172
Total market value
$2,107,030
Applied tax rate
151.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1907
Heating
HOT WATER
Cooling
EVAPORATIVE
Stories
5
Units
1
Total area
20,516 SF
Lot
0.12 ac (5,148 SF)
Zoning code
CBD
APN
11001038900052
UPID
US95-0009273
Jurisdiction
LARAMIE
Zoning & alternative use
CBD · Cheyenne, WY
Zoning CBD · permitted uses
CBD · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
RESTAURANT
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1907
Heating
HOT WATER
Cooling
Yes
Stories
5
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Paramount Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
10680 WIND DANCER RD, CHEYENNE, WY 82009-8608
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
—
Paramount Holdings LLC
Herrick Holdings Incorporated
Warranty Deed
—
May 19, 2020
—
Paramount Holdings LLC
—
Deed
related
$200,000 · Jonah Bk/wy
May 15, 2020
—
Paramount Holdings LLC
—
Deed
related
$85,000 · Jonah Bk/wy
Mar 30, 2020
—
Paramount Holdings LLC
—
Deed
related
$495,000 · Jonah Bk/wy
Mar 27, 2020
—
Paramount Holdings LLC
—
Deed
related
$115,000 · Jonah Bk/wy
Mar 25, 2020
—
Paramount Holdings LLC
—
Deed
related
$430,000 · Jonah Bk/wy
Jul 8, 2016
—
Glacier Bk
Voight,john
Grant Deed
related
—
Dec 17, 2010
—
Herrick Holdings INC
Voight,john
Grant Deed
related
—
Jun 14, 2005
—
Sbjt Investments LLC
Voight,john
Grant Deed
related
—
—
—
Paramount Holdings LLC
—
Deed Of Trust
related
$495,000 · Jonah Bk/wy
—
—
Paramount Holdings LLC
—
Deed Of Trust
related
$430,000 · Jonah Bk/wy
—
—
Paramount Holdings LLC
—
Deed Of Trust
related
$115,000 · Jonah Bk/wy
—
—
Paramount Holdings LLC
—
Deed Of Trust
related
$85,000 · Jonah Bk/wy
—
—
Paramount Holdings LLC
—
Deed Of Trust
related
$200,000 · Jonah Bk/wy
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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