1800 Greeley Hwy, Cheyenne, WY 82007-3404
This exceptional 56,628 square foot Class A retail property in Cheyenne, Wyoming, presents a compelling value-add investment opportunity. Priced at $650,000 ($11.48/sq ft), this vacant property boasts a highly desirable location on S Greeley Hwy, offering convenient access to I-25 and I-80 interstates. The 1.3-acre lot features existing commercial zoning, water tap, and curb cuts, making it ideal for a variety of uses, including grocery stores, restaurants, and other retail establishments. A Phase 1 environmental study has already been completed for the lot at 1800 S Greeley Hwy, which also includes a small existing residence. The seller anticipates a post-occupancy contract of approximately 60 days, depending on the closing date. This property benefits from a high volume of daily traffic (16,000 vehicles per day) and is situated in a rapidly growing area near a new Microsoft facility. The property's strategic location and versatile zoning make it an attractive prospect for developers and investors seeking to capitalize on the area's robust growth. The property is currently vacant, allowing for complete customization to suit the buyer's vision. This is a rare chance to acquire a significant retail space in a thriving market.
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Wyoming Auto, Truck, Equipment Auction Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.