Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1656 E Walnut St Wheatland, WY 82201
    Back to Search
    Property profile & analytics

    1656 E Walnut St, Wheatland, WY 82201

    View on Map
    • Warehouses
    • 9,000 SF
    • 2.41 lot acres
    For Sale
    $750,000
    View Listing →
    Manufacturing and Warehouse Property For Sale For Sale
    $750,000
    19,340 SF

    Manufacturing and Warehouse Property For Sale

    Manufacturing and warehouse property on 2.41 acres near I-25.

    1656 E Walnut St, Wheatland, WY 82201
    View Listing
    Property ID
    US95-0255546
    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

    • Warehouses

    Property Details for 1656 E Walnut St

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.41 lot acres
    Property size
    9,000 SF
    Property type
    Warehouses
    APN
    246814100009CM
    APU
    246814100009CM

    Description

    This expansive industrial property, located at 1656 Walnut Street in Wheatland, Wyoming, offers 19,340 square feet of versatile space. Situated on a lot with no acreage specified, this building presents a significant opportunity for businesses seeking a substantial footprint in a convenient location. The property is priced at $849,000, reflecting its size and potential. The building's interior layout is not specified, allowing for customization to suit a variety of industrial uses. Given its substantial square footage, the property is well-suited for businesses requiring ample storage, manufacturing space, or a combination of both. The absence of acreage information suggests the property may be ideal for businesses prioritizing proximity to transportation routes and urban amenities. Prospective buyers are encouraged to conduct their own due diligence to assess the property's suitability for their specific needs and to explore potential zoning regulations and permitted uses. The asking price represents a compelling investment opportunity in the Wheatland, Wyoming market. Further details regarding the property's internal features and infrastructure are available upon request. This property is offered as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $745,000
      Current use
      RESTAURANT
      $870,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $835,000
      Change: +12% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $615,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheatland
    County
    Platte
    State
    Wyoming
    Longitude
    -104.964
    Latitude
    42.0567

    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
    2022
    $3,397
    $1,939
    $42,764
    $44,703
    -
    $20,412
    $450,147
    $470,559

    Comparable in this City

    • Value Estimation by Request
      1,096 SF

      1800 9th St

      WAREHOUSE, STORAGE • 1,096 SF
      1800 9th St, Wheatland, WY 82201-2143
      View Details
    • Value Estimation by Request
      2,040 SF

      1861 Ctr St

      WAREHOUSE, STORAGE • 2,040 SF
      1861 Ctr St, Wheatland, WY 82201-3058
      View Details
    • Value Estimation by Request
      1,320 SF

      1453 Maple St

      WAREHOUSE, STORAGE • 1,320 SF
      1453 Maple St, Wheatland, WY 82201-2725
      View Details
    • Value Estimation by Request
      2,160 SF

      90 Wheatland Hwy

      MINI-WAREHOUSE, STORAGE • 2,160 SF
      90 Wheatland Hwy, Wheatland, WY 82201-8912
      View Details
    • Value Estimation by Request
      4,000 SF

      1700 9th St

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      1700 9th St, Wheatland, WY 82201
      View Details
    • Value Estimation by Request
      4,954 SF

      1001 14th St

      WAREHOUSE, STORAGE • 4,954 SF
      1001 14th St, Wheatland, WY 82201-2514
      View Details

    Similar Nearby for Sale

    • $750,000
      19,340 SF

      Manufacturing and Warehouse Property For Sale

      Manufacturing and warehouse property on 2.41 acres near I-25.
      1656 E Walnut St, Wheatland, WY 82201
      View Details
    • Contact for pricing

      Multi-Building Investment Opportunity

      Seven-unit commercial property with long-term tenants in Wheatland, Wyoming.
      406 8Th St, Wheatland, WY 82201
      View Details
    • $750,000
      3.40 Acres

      Prime Commercial Land I-25 Frontage

      3.4 acres of commercial land with I-25 visibility.
      1905 16Th St, Wheatland, WY 82201
      View Details
    • $398,000
      1.00 Acre

      Wheatland Ranch on Full Acre

      Spacious Wheatland ranch with updated features on a full acre.
      17 Rick Rd, Wheatland, WY 82201
      View Details
    • $2,500,000
      1,290.00 Acres

      Wyoming Ranch with Irrigation

      1290-acre ranch near Wheatland, Wyoming, with irrigation and improvements.
      Delancey Rnch, Wheatland, WY 82201
      View Details
    • $320,000
      6,500 SF

      Wheatland Commercial Building Opportunity

      6,500 SF Commercial Space - $320,000
      805 9Th St, Wheatland, WY 82201
      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.
    1656 E Walnut St
    Wheatland, WY 82201
    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
    1656 E Walnut St, Wheatland, WY, 82201
    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!