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Property profile & analytics
OFF-MARKET
Estimated value
$2,795,000
Strip malls
1616 Pershing Blvd Cheyenne, WY 82001-3238
Entity Owned
~
Est. High Equity
Property ID
US95-0131091
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Total area
76,038 SF
Lot
7.04 ac (306,548 SF)
APN
13448002800011
UPID
US95-0131091
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
-
Gold's Gym Gym & Fitness Center
-
Molly Fretag Physician
-
Therapy & Performance Physician
-
DrinkFit at Gold's Gym Restaurant
-
Railcross Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.80M
Owner & transaction history
Pershing Plaza LLC
Pershing Plaza LLC
since 2025
7 recorded transactions
Zoning & alternative use
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,220,000
6.5%
$2,970,000
7%
$2,760,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,445,000
Current use
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±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
$37 / 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
$99,898
Tax year 2023
Assessed value
$1,383,414
Assessed 2024
Previous assessed
$1,412,779
-2.1% YoY
Effective rate
7.22%
On assessed value
Assessed land
$125,228
Assessed improvement
$1,258,186
Land market value
$1,318,193
Improvement market value
$13,244,054
Total market value
$14,562,247
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1963
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
76,038 SF
Lot
7.04 ac (306,548 SF)
APN
13448002800011
UPID
US95-0131091
Jurisdiction
LARAMIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER 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
1963
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
7.04 ac
Current owner
From public records · entity-resolved
Pershing Plaza LLC
Entity
Mailing address
PO BOX 130, CASPER, WY 82602-0130
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2025
—
Pershing Plaza LLC
—
Deed
related
$11,553,000 · Hillcrest Bank
Jan 20, 2021
—
Wyoming Finl Prop INC
—
Deed
related
—
Feb 12, 2020
—
Wyoming Finl Prop INC
—
Deed
related
$350,000 · First Interstate Bk
Dec 31, 2019
—
Wyoming Finl Prop INC
—
Deed Of Trust
related
$1,500,000 · First Interstate Bk
Jan 3, 2019
—
Wyoming Finl Prop INC
—
Deed
related
$2,000,000 · First Interstate Bk
Jun 1, 2018
—
Wyoming Finl Prop INC
—
Loan Modification
related
$905,000 · First Interstate Bk
Apr 23, 2018
—
Wyoming Finl Prop INC
—
Grant Deed
related
$7,650,000 · First Interstate Bk
Feb 5, 2018
—
Wyoming Financial Prop INC
—
Grant Deed
related
$7,650,000 · First Interstate Bk
Sep 29, 2017
—
Wyoming Financial Prop INC
—
Deed
related
$2,500,000 · First Interstate Bk
—
—
Wyoming Financial Props INC
—
Deed Of Trust
related
$6,000,000 · First Interstate Bk
—
—
Wyoming Finl Prop INC
—
Deed Of Trust
related
$2,000,000 · First Interstate Bk
—
—
Wyoming Financial Props INC
—
Deed Of Trust
related
$250,000 · First Interstate Bk
—
—
Wyoming Financial Props INC
—
Deed Of Trust
related
$250,000 · First Interstate Bk
—
—
Wyoming Financial Props INC
—
Deed Of Trust
related
$3,570,545 · First Interstate Bk
—
—
Wyoming Financial Props INC
—
Deed Of Trust
related
$1,350,000 · First Interstate Bk
—
—
Wyoming Financial Props INC
—
Deed Of Trust
related
$2,500,000 · Pinnacle Bk/wy
—
—
Wyoming Financial Props INC
—
Deed Of Trust
related
$2,000,000 · Pinnacle Bk/wy
—
—
Wyoming Finl Prop INC
—
Deed Of Trust
related
$350,000 · First Interstate Bk
—
—
Wyoming Financial Props INC
—
Deed Of Trust
related
$3,500,000 · First Interstate Bk
—
—
Wyoming Financial Prop INC
—
Deed Of Trust
related
$2,500,000 · First Interstate Bk
—
—
Wyoming Finl Prop INC
—
Loan Modification
related
—
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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