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Property profile & analytics
OFF-MARKET
Turn key restaurants
1801 16th St Wheatland, WY 82201-2241
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US95-0242256
Property summary
AI-generated overview
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located in Wheatland, Wyoming. The property boasts a prime location directly off I-25, ensuring high visibility and accessibility. Built in 1980, this 3,306 square foot building sits on a one-acre lot and is currently operating at 100% occupancy. The lease features a remaining term of 14.7 years with attractive 1.50% annual rent increases, providing consistent and predictable cash flow. The asking price is $1,155,000, representing a compelling price per square foot of $349.36 and a strong 7.00% cap rate based on a current Net Operating Income (NOI) of $80,866. This is a rare opportunity to acquire a well-established, nationally branded restaurant in a thriving area. The property's location in Wheatland, Platte County, Wyoming (82201, 1801 16th St) offers significant advantages for investors seeking
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1980
Construction
FRAME
Total area
3,583 SF
Lot
1 ac (43,560 SF)
APN
246811401003CM
UPID
US95-0242256
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
Old Capitol Properties LLC · 1 yrs held
Old Capitol Properties LLC
since 2024
1 recorded transaction
Zoning & alternative use
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 Wheatland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheatland 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,773
Tax year 2022
Assessed value
$49,644
Assessed 2023
Previous assessed
$49,644
+0.0% YoY
Effective rate
7.60%
On assessed value
Assessed land
$1,431
Assessed improvement
$48,213
Land market value
$15,065
Improvement market value
$507,506
Total market value
$522,571
Applied tax rate
152.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1980
Construction
FRAME
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
3,583 SF
Lot
1 ac (43,560 SF)
APN
246811401003CM
UPID
US95-0242256
Jurisdiction
PLATTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Old Capitol Properties LLC
Entity
Mailing address
38 WASHINGTON SQ, NEWPORT, RI 02840-2946
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Old Capitol Properties LLC
Afn Absprop001 LLC
Special Warranty Deed
$547,500 · Buffalo Fsb
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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