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Property profile & analytics
FOR SALE
Apartment buildings
1621 Evans Ave Cheyenne, WY 82001
Individually Owned
14-yr Hold
Absentee Owner
Property ID
US95-0004360
For Sale
$500,000
1621 Evans Ave, Cheyenne, WY 82001
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1917
Construction
FRAME
Total area
2,511 SF
Lot
0.1 ac (4,524 SF)
Zoning code
MUR
APN
11001038500031
UPID
US95-0004360
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Peng C Zeng · 14 yrs held
Peng C Zeng
since 2011
7 recorded transactions
Zoning & alternative use
MUR · Cheyenne, WY
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,661
Tax year 2023
Assessed value
$23,096
Assessed 2024
Previous assessed
$23,490
-1.7% YoY
Effective rate
7.19%
On assessed value
Assessed land
$3,132
Assessed improvement
$19,964
Land market value
$32,972
Improvement market value
$210,144
Total market value
$243,116
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1917
Construction
FRAME
Heating
HOT WATER
Stories
2
Units
9
Bathrooms
9
Total area
2,511 SF
Lot
0.1 ac (4,524 SF)
Zoning code
MUR
APN
11001038500031
UPID
US95-0004360
Jurisdiction
LARAMIE
Zoning & alternative use
MUR · Cheyenne, WY
Zoning MUR · permitted uses
MUR · 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.
Building & site characteristics
From public records
Year built
1917
Construction
FRAME
Heating
HOT WATER
Stories
2
Units
9
Bathrooms
9
Lot
0.1 ac
Current owner
From public records · entity-resolved
Peng C Zeng
Individual
Mailing address
4800 VAN BUREN AVE, CHEYENNE, WY 82009-5691
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
—
Cheng Zeng Peng
—
Deed
related
$118,086 · Jonah Bank Of Wyoming
Dec 12, 2011
—
Peng C Zeng
Evans & 17th Street LLC
Quit Claim Deed
related
—
May 28, 2009
—
Evans & 17th Street LLC
Bank Of America NA
Quit Claim Deed
related
—
May 26, 2009
$378,000
Evans & 17th Street LLC
Sheriff Of Laramie County
Trustees Deed
related
—
Apr 2, 2009
—
Evans & 17th Street LLC
California National Bank
Grant Deed
related
—
Jan 20, 2009
$378,000
California National Bank
Sheriff Of Laramie County
Trustees Deed
related
—
Dec 14, 2004
—
George H Montwill
Bell,linda L
Warranty Deed
$516,000 · Lasalle National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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