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Property profile & analytics
FOR LEASE
Office buildings
1820 Dillon Ave Cheyenne, WY 82001
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US95-0029076
For Lease
1 / 27
$830,000
1820 Dillon Ave, Cheyenne, WY 82001
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
9,373 SF
Lot
0.4 ac (17,424 SF)
Zoning code
LI
APN
11001033600011
UPID
US95-0029076
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
-
Gateway Homes of Colorado Construction Company General Contractor
-
Gateway Construction, LLC Construction Company General Contractor
-
FCI Constructors of Wyoming, LLC. Construction Company General Contractor
-
Emause, LLC Corporate Office
-
Voigt Jerry R Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$785k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Gateway Homes Of Wyoming LLC · 4 yrs held
Gateway Homes Of Wyoming LLC
since 2022
4 recorded transactions
Zoning & alternative use
LI · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,120,000
Current use
RETAIL STORES
$965,000
Change: -14% · Conversion: Moderate
RESTAURANT
$940,000
Change: -16% · Conversion: Moderate
MEDICAL BUILDING
$930,000
Change: -17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$905,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$89 / SF
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
$12,294
Tax year 2023
Assessed value
$171,220
Assessed 2024
Previous assessed
$173,869
-1.5% YoY
Effective rate
7.18%
On assessed value
Assessed land
$6,253
Assessed improvement
$164,967
Land market value
$65,818
Improvement market value
$1,736,494
Total market value
$1,802,312
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2007
Heating
YES
Cooling
YES
Stories
2
Total area
9,373 SF
Lot
0.4 ac (17,424 SF)
Zoning code
LI
APN
11001033600011
UPID
US95-0029076
Jurisdiction
LARAMIE
Zoning & alternative use
LI · Cheyenne, WY
Zoning LI · permitted uses
LI · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RETAIL STORES
Est. value
$965,000
RESTAURANT
Est. value
$940,000
MEDICAL BUILDING
Est. value
$930,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$905,000
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
YES
Cooling
Yes
Stories
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Gateway Homes Of Wyoming LLC
Entity
Mailing address
PO BOX 21569, CHEYENNE, WY 82003-7030
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
—
Gateway Homes Of Wyoming LLC
Whitney Ranch Third & Fourth Fillin
Warranty Deed
$474,900 · Jonah Bank Of Wyoming
Aug 4, 2021
—
Wyodigs LLC
Emause LLC
Warranty Deed
—
Jan 23, 2008
—
Emause LLC
—
Trustees Deed
related
$1,100,000 · Central Bank & Trust
—
—
Emause LLC
—
Deed Of Trust
related
$450,000 · Kenneth A & Susan I Tobin
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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