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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Medical Office Space
1854 Dell Range Blvd Cheyenne, WY 82009-4949
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US95-0009760
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Total area
17,108 SF
Lot
1.62 ac (70,768 SF)
Zoning code
CB
APN
18761000100030
UPID
US95-0009760
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
-
Cheyenne Vision Clinic Eye Care Center Contact Lenses Supplier
-
Eye Care Clinic & Optical LLC Physician
-
Albers Jessica J OD Physician
-
Dr. Tiffany Silver Physician
-
Dr. Jessica Albers Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.34M
Owner & transaction history
Prime Realty LLC · 7 yrs held
Prime Realty LLC
since 2018
7 recorded transactions
Zoning & alternative use
CB · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.6M
+30.3%
Restaurant
$1.4M
+17.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,190,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,550,000
Change: +30% · Conversion: Moderate
RESTAURANT
$1,395,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,055,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±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
$78 / 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
$22,834
Tax year 2023
Assessed value
$317,145
Assessed 2024
Previous assessed
$322,919
-1.8% YoY
Effective rate
7.20%
On assessed value
Assessed land
$49,896
Assessed improvement
$267,249
Land market value
$525,221
Improvement market value
$2,813,146
Total market value
$3,338,367
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
17,108 SF
Lot
1.62 ac (70,768 SF)
Zoning code
CB
APN
18761000100030
UPID
US95-0009760
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1999
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Prime Realty LLC
Entity
Mailing address
1854 DELL RANGE BLVD, CHEYENNE, WY 82009-4949
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
2020 Ventures LLC
—
Deed
related
$4,449,357 · Wyoming Bank & Trust
Dec 28, 2023
—
20 20 Ventures LLC
—
Deed
related
$4,050,389 · Wyoming Bank & Trust
May 1, 2020
—
20/20 Ventures LLC
—
Deed
related
$3,500,000 · Wells Fargo Bk
Aug 14, 2019
—
20/20 Ventures LLC
—
Trustees Deed
related
$1,039,000 · Wells Fargo Bk
Aug 16, 2018
—
Prime Realty LLC
Teton Lane LLC
Warranty Deed
related
—
May 17, 2018
—
Teton Lane LLC
R & R Ents Holdings LLC
Warranty Deed
$1,365,000 · Pinnacle Bk/wy
Aug 17, 2010
—
R & R Ents Holdings LLC
M2m LLC
Grant Deed
$1,180,091 · Firstbank Of Northern Colorado
—
—
R & R Ents Holdings LLC
—
Deed Of Trust
related
$847,000 · Frontier Certified Dev Co INC
—
—
R & R Ents Holdings LLC
—
Deed Of Trust
related
$1,625,000 · Private Individual
—
—
20/20 Ventures LLC
—
Loan Modification
related
$3,500,000 · Wells Fargo Bk
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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