Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1716 Warren Ave Cheyenne, WY 82001
    Back to Search
    Property profile & analytics

    1716 Warren Ave, Cheyenne, WY 82001

    View on Map
    • Medical Office Space
    • 3,551 SF
    • 0.20 lot acres
    For Sale
    $1,625,000
    View Listing →
    Leased Preschool with Parking For Sale
    $1,625,000
    3,551 SF

    Leased Preschool with Parking

    Renovated preschool space with LED lighting, updated systems, and dedicated off-street parking plus ADA spaces.

    1716 WARREN AVE, Cheyenne, WY 82001
    View Listing
    Property ID
    US95-0027860
    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

    • Gentle Touch Dental / Dental Office
    • Steele Tatiana DDS / Dental Office
    • Dr. Nolan Jeffres / Dental Office

    Property Details for 1716 Warren Ave

    Year built
    1961
    Lot size
    0.20 lot acres
    Zone code
    CBD
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    11001035700010
    APU
    11001035700010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 5, 2019 — 1716 Warren Avenue LLC Richard S Steele & Tatiana K S Warranty Deed —
    Jun 24, 2019 — Richard S Steele & Tatiana K S Steele R S & T K Joint Trust Quit Claim Deed · related —
    Oct 5, 2015 — Richard S Steele And Tatianak Steel Woodson Family LLC Warranty Deed $340k · Wyoming State Bank

    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
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.814
    Latitude
    41.135
    CBSA code
    16940
    CBSA name
    CHEYENNE, WY METROPOLITAN STATISTICAL AREA

    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
    $4,592
    $10,310
    $41,963
    $52,273
    -
    $108,530
    $441,711
    $550,241

    Comparable in this City

    • Value Estimation by Request
      1,302 SF

      405 19th St

      DENTAL BUILDING
      405 19th St, Cheyenne, WY 82001-4643
      View Details
    • Value Estimation by Request
      1,250 SF

      4108 Laramie St

      MEDICAL BUILDING
      4108 Laramie St, Cheyenne, WY 82001-1969
      View Details
    • Value Estimation by Request
      4,451 SF

      1330 Rdg Rd

      MEDICAL BUILDING
      1330 Rdg Rd, Cheyenne, WY 82001-5917
      View Details
    • Value Estimation by Request
      2,192 SF

      3708 Pershing Blvd

      DENTAL BUILDING
      3708 Pershing Blvd, Cheyenne, WY 82001-5946
      View Details
    • Value Estimation
      $1,370,000
      10,356 SF

      4017 Rawlins St

      MEDICAL BUILDING
      4017 Rawlins St, Cheyenne, WY 82001-1800
      View Details
    • Value Estimation by Request
      3,791 SF

      3249 Sparks Rd

      DENTAL BUILDING
      3249 Sparks Rd, Cheyenne, WY 82001-6152
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,966 SF

      Cheyenne Medical Building For Sale

      Medical building near downtown Cheyenne and Cheyenne Regional Medical Center.
      1300 E 20Th St, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      1,250 SF

      Cheyenne Medical/Professional Office Condo

      Affordable 1,250 SF commercial condo in College Business Park.
      4100 Laramie St, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      2,744 SF

      Central Cheyenne Medical/Professional Office

      Turnkey 2,744 SF office building in high-visibility location.
      2120 Logan Ave, Cheyenne, WY 82001
      View Details
    • $435,000
      5,002 SF

      Leased Medical Office Building

      Commercial building in Cheyenne, WY occupied by a veterinary clinic tenant with existing lease in place.
      3116 Acacia Dr, Cheyenne, WY 82001
      View Details
    • $450,000
      3,293 SF

      Turn-Key Tanning Salon Business

      Operating tanning salon with extensive bed inventory, UV-free red light therapy, and a new spray booth.
      1900 Converse Ave, Cheyenne, WY 82001
      View Details
    • $469,000

      Versatile Commercial Building Near Downtown

      3,200 SF commercial building suitable for office, retail, or flex.
      1904 E 15Th St, Cheyenne, WY 82001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cheyenne Office/Medical Space Available

      15,000 SF office/medical space in excellent Cheyenne location.
      1401 Airport Pkwy, Cheyenne, WY 82001
      View Details
    • New
      Contact for pricing
      3,087 SF

      Flex Office and Warehouse Suite

      Leasing opportunity with four offices and a rear 12-foot overhead door for practical office-and-storage operations.
      1013 E Lincolnway, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      3,087 SF

      Cheyenne Office Space For Rent

      Office space available for lease in Cheyenne, Wyoming.
      1013 E Lincolnway, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Versatile Office Space For Sale

      Prime MUR property in a vibrant, high-density area.
      2103 Evans Ave, Cheyenne, WY 82001
      View Details
    • $12 SF/Yr
      2,493 SF

      Office Space with Private Parking

      Two-story office building featuring private parking and ample storage.
      1315 East 21St St, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Cheyenne Warehouse Space Available

      Warehouse space available in Cheyenne, Wyoming.
      Dark Fiber & Duct West, Cheyenne, WY 82001
      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.
    1716 Warren Ave
    Cheyenne, WY 82001
    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
    1716 Warren Ave, Cheyenne, WY, 82001
    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!