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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Strip malls
1651 Carey Ave, Cheyenne, WY 82001-4423
Trust Owned
~
Est. High Equity
Property ID
US95-0034021
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Total area
14,574 SF
Lot
0.34 ac (14,850 SF)
Zoning code
CBD
APN
11001039000032
UPID
US95-0034021
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
-
Golden House Chinese Restaurant Restaurant
-
John D. Fitch, DC Alternative Medicine Practice
-
ICON Registered Agent Business Service Center
-
Marion Financial Group LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$540k
Owner & transaction history
Byre,james A & Susan J Trust
Byre,james A & Susan J Trust
2 recorded transactions
Zoning & alternative use
CBD · 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
Method
Estimation
Statistic approach
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Current use
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$9,965
Tax year 2023
Assessed value
$112,527
Assessed 2024
Previous assessed
$109,856
+2.4% YoY
Effective rate
8.86%
On assessed value
Assessed land
$13,692
Assessed improvement
$98,835
Land market value
$144,130
Improvement market value
$1,040,370
Total market value
$1,184,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1960
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
16
Total area
14,574 SF
Lot
0.34 ac (14,850 SF)
Zoning code
CBD
APN
11001039000032
UPID
US95-0034021
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$660,000
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
1960
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
16
Lot
0.34 ac
Current owner
From public records · entity-resolved
Byre,james A & Susan J Trust
Trust
Mailing address
1651 CAREY AVE STE #17, CHEYENNE, WY 82001-4423
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Byre,james A & Susan J Trust
—
Deed Of Trust
related
$40,950 · Western Bank Cheyenne
—
—
Byre,james A & Susan J Trust
—
Deed Of Trust
related
$45,600 · Wyoming State 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.
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