New search
Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Warehouses
1851 Commercial Ave Sheridan, WY 82801-8537
Entity Owned
3-yr Hold
Free & Clear
Property ID
US95-0210980
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
16,440 SF
Lot
5.04 ac (219,542 SF)
APN
03-5684-35-4-58-020-25
UPID
US95-0210980
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
-
C&K Equipment Sales Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Mill Iron Spear LLC · 3 yrs held
Mill Iron Spear LLC
since 2023
5 recorded transactions
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 Sheridan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheridan 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
$38 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,363
Tax year 2022
Assessed value
$146,540
Assessed 2023
Previous assessed
$102,973
+42.3% YoY
Effective rate
5.02%
On assessed value
Assessed land
$66,213
Assessed improvement
$80,327
Land market value
$696,982
Improvement market value
$845,550
Total market value
$1,542,532
Applied tax rate
205.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
16,440 SF
Lot
5.04 ac (219,542 SF)
APN
03-5684-35-4-58-020-25
UPID
US95-0210980
Jurisdiction
SHERIDAN
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
1972
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
5.04 ac
Current owner
From public records · entity-resolved
Mill Iron Spear LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1998 STADIUM DR, SHERIDAN, WY 82801-6727
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
—
Mill Iron Spear LLC
Iron Man Investments LLC
Warranty Deed
—
Mar 12, 2021
—
Iron Man Investments LLC
—
Deed
related
$5,027,398 · First Northern Bank Of Wyoming
Nov 20, 2017
—
Iron Man Investments LLC
Mark Allen Koltiska
Warranty Deed
—
Nov 20, 2012
—
Mark Allen Koltiska
Mark Koltiska
Intrafamily Transfer
related
—
Jun 12, 2012
—
Mark Koltiska
Sheridan Commercial Park INC
Quit Claim Deed
related
—
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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