Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1620 Big Horn Ave Worland, WY 82401
    Back to Search
    Property profile & analytics

    1620 Big Horn Ave, Worland, WY 82401

    View on Map
    • Turn key restaurants
    • 2,932 SF
    • 0.24 lot acres
    For Sale
    $470,000
    View Listing →
    Bar/Restaurant Building on Main Thoroughfare For Sale
    $470,000
    0.24 Acres

    Bar/Restaurant Building on Main Thoroughfare

    High-visibility bar/restaurant with full kitchen and outdoor patio.

    1620 Big Horn Ave, Worland, WY 82401
    View Listing
    Property ID
    US95-0240788
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brass Plum / Restaurant

    Property Details for 1620 Big Horn Ave

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Property type
    Turn key restaurants
    APN
    47923022700200
    APU
    47923022700200

    Description

    Exceptional opportunity to acquire a thriving restaurant located at 1620 Big Horn Ave, Worland, WY 82401. This 2,912 square foot establishment, built in 1969, boasts a 100% occupancy rate and is situated on a 0.24-acre lot with 8 parking spaces. The property is zoned B-2 and features a fully equipped kitchen. A significant advantage is the inclusion of a retail packaged liquor license, expanding revenue streams. The asking price is $450,000, representing a price per square foot of $154.53 and a 12% cap rate. This turnkey operation is ideally positioned on Main Street in a high-traffic area, benefiting from excellent visibility and pedestrian access. The business, known as Brass Plum, offers a comfortable atmosphere, including a covered patio. This presents a rare chance to own a well-established restaurant with significant growth potential in a desirable Wyoming community. The property is currently operating at full capacity, demonstrating its strong market position and profitability. This is a fantastic investment opportunity for an experienced restaurateur or a savvy investor seeking a stable, high-return asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Worland
    County
    Washakie
    State
    Wyoming
    Longitude
    -107.946
    Latitude
    44.0165

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,674
    $4,809
    $17,954
    $22,763
    -
    $50,625
    $188,994
    $239,619

    Comparable in this City

    • Value Estimation by Request
      1,277 SF

      400 10th St

      RESTAURANT
      400 10th St, Worland, WY 82401-2309
      View Details
    • Value Estimation by Request
      2,500 SF

      1316 Big Horn Ave

      RESTAURANT
      1316 Big Horn Ave, Worland, WY 82401-2801
      View Details
    • Value Estimation by Request
      2,346 SF

      1935 Big Horn Ave

      RESTAURANT
      1935 Big Horn Ave, Worland, WY 82401-2913
      View Details
    • Value Estimation by Request
      1,331 SF

      210 10th St

      RESTAURANT
      210 10th St, Worland, WY 82401-2711
      View Details
    • Value Estimation by Request
      1,664 SF

      541 Big Horn Ave

      RESTAURANT
      541 Big Horn Ave, Worland, WY 82401-2601
      View Details
    • Value Estimation by Request
      1,800 SF

      1608 Big Horn Ave

      RESTAURANT
      1608 Big Horn Ave, Worland, WY 82401-2908
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,428 SF

      Highway Frontage Commercial Building

      Versatile 1,428 sq ft building on .42-acre corner lot.
      1001 Pulliam Ave, Worland, WY 82401
      View Details
    • $275,000
      5,456 SF

      Worland Commercial Opportunity on Main

      Two buildings totaling 5,456 SF on Worland's Main Street.
      1316 Big Horn Ave, Worland, WY 82401
      View Details
    • $470,000
      0.24 Acres

      Bar/Restaurant Building on Main Thoroughfare

      High-visibility bar/restaurant with full kitchen and outdoor patio.
      1620 Big Horn Ave, Worland, WY 82401
      View Details
    • $45,000
      0.41 Acres

      Residential Lot in Worland Subdivision

      Large residential building lot in Worland, Wyoming.
      3017 Canyon Ridge Way, Worland, WY 82401
      View Details
    • $125,000
      1.43 Acres

      Commercial Lot in Worland, WY

      1.43-acre commercial lot with utilities and great visibility.
      Paintbrush Ln, Worland, WY 82401
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1620 Big Horn Ave
    Worland, WY 82401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1620 Big Horn Ave, Worland, WY, 82401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!