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Property profile & analytics
FOR SALE
Motels
1805 Westland Rd Cheyenne, WY 82001
Entity Owned
~
Est. High Equity
Property ID
US95-0054722
For Sale
$1,230,000
1805 Westland Rd, Cheyenne, WY 82001
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Total area
12,696 SF
Lot
1.71 ac (74,487 SF)
Zoning code
CB
APN
19240000400060
UPID
US95-0054722
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
-
Luxury Inn Hotel & Motel
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
Lly LLC
Lly LLC
since 2025
3 recorded transactions
Zoning & alternative use
CB · 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,175
Tax year 2023
Assessed value
$90,956
Assessed 2024
Previous assessed
$87,332
+4.1% YoY
Effective rate
6.79%
On assessed value
Assessed land
$26,899
Assessed improvement
$64,057
Land market value
$283,150
Improvement market value
$674,287
Total market value
$957,437
Applied tax rate
150.0000
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1985
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
32
Total area
12,696 SF
Lot
1.71 ac (74,487 SF)
Zoning code
CB
APN
19240000400060
UPID
US95-0054722
Jurisdiction
LARAMIE
Zoning & alternative use
CB · Cheyenne, WY
Zoning CB · permitted uses
CB · 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.
Building & site characteristics
From public records
Year built
1985
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
32
Lot
1.71 ac
Current owner
From public records · entity-resolved
Lly LLC
Entity
Mailing address
1805 WESTLAND RD, CHEYENNE, WY 82001-3332
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2025
—
Lly LLC
K&c Cheyenne LLC
Warranty Deed
$1,296,000 · Us Metro Bank
Dec 23, 2024
—
Jdc Properties LLC
Joannides Family Properties
Warranty Deed
—
Apr 2, 2019
—
K&c Cheyenne LLC
Hae Ok Steel
Warranty Deed
$984,000 · Open 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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