Technical
Financial
Distress signals
Property profile

1614 House Ave Cheyenne, WY 82001

FOR SALE
Individual retail properties
Property ID
US95-0020414
4,150 SF 0.2 ac lot Built 1945
Entity Owned 24-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving, owner-user convenience store in Cheyenne, Wyoming's central business district (CBD). The property, located at 1614 House Ave, encompasses a 4,150-square-foot retail space with a 100% occupancy rate, generating a gross income of $383,000 in 2023. The building, constructed in 1945 and renovated in 2000, sits on a 0.2-acre lot and includes 20 parking spaces. The property features a Class C building with two stories, offering a total of 4,150 square feet of net rentable space, priced at $174.70 per square foot. Significant air rights of 8,712 square feet are also available. The property is zoned for CBD use and includes a 900-square-foot upstairs office space (three offices and a half-bath) with rental potential of $15 per square foot annually. The sale includes the established business, Deluxe Tailors, operating under a gross lease, and a Chevy van. The seller is offering financing options with a 6% interest-only loan for three years. The property's Parcel Identification Number (APN) is PIDN: 14663143800100. This is a rare opportunity to acquire a profitable, established business with significant upside potential in a desirable location.

Property profile

Verified
Property type Individual retail properties
Use group DRY CLEANER
Year built 1945
Total area 4,150 SF
Lot 0.2 ac (8,712 SF)
Zoning code CBD
APN 11001038700010
UPID US95-0020414

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

1614 House Ave Cheyenne, WY 82001
Cheyenne metro Census 702 CHEYENNE, WY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

Zoning & alternative use

CBD · Cheyenne, WY
Zoning description

5.4.3 CBD - Central Business District 5.4.4 MUR - Mixed-Use Residential District 5.4.5 MUB - Mixed-Use Business District 5.4.6 MUE - Mixed-Use Employment District 5.4.7 BP - Business Park 5.4.1 NB - Neighborhood Business…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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