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Property profile & analytics
OFF-MARKET
Estimated value
$4,490,000
Investment properties
1901 Central Ave Cheyenne, WY 82001-3759
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US95-0336799
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1937
Total area
37,536 SF
Lot
0.6 ac (26,136 SF)
Zoning code
CBD
APN
11001029500050
UPID
US95-0336799
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
-
Napoli's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.05M
Comparable Approach
Comparable
$4.93M
Blend (final)
Blend
$4.49M
Owner & transaction history
3/j Ranch Ents LLC · 15 yrs held
3/j Ranch Ents LLC
since 2010
7 recorded transactions
Zoning & alternative use
CBD · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.5M
+40.9%
Retail stores
$3.9M
+21.7%
Restaurant
$3.8M
+18.7%
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%
$4,385,000
6.5%
$4,050,000
7%
$3,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,180,000
Current use
OFFICE BUILDING
$4,475,000
Change: +41% · Conversion: Easy
RETAIL STORES
$3,865,000
Change: +22% · Conversion: Easy
RESTAURANT
$3,770,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$3,730,000
Change: +17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,620,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$4.49M
Range $4.04M – $4.94M · ±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
$120 / 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
$28,865
Tax year 2023
Assessed value
$413,180
Assessed 2024
Previous assessed
$408,217
+1.2% YoY
Effective rate
6.99%
On assessed value
Assessed land
$19,911
Assessed improvement
$393,269
Land market value
$209,589
Improvement market value
$4,139,666
Total market value
$4,349,255
Applied tax rate
151.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1937
Heating
HOT WATER
Buildings
2
Stories
6
Units
52
Total area
37,536 SF
Lot
0.6 ac (26,136 SF)
Zoning code
CBD
APN
11001029500050
UPID
US95-0336799
Jurisdiction
LARAMIE
Zoning & alternative use
CBD · Cheyenne, WY
Zoning CBD · permitted uses
CBD · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$4.5M
RETAIL STORES
Est. value
$3.9M
RESTAURANT
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1937
Heating
HOT WATER
Stories
6
Buildings
2
Units
52
Lot
0.6 ac
Current owner
From public records · entity-resolved
3/j Ranch Ents LLC
Entity
Mailing address
1600 CENTRAL AVE, CHEYENNE, WY 82001-4693
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
—
3/j Ranch Ents LLC
—
Grant Deed
related
$2,500,000 · Wells Fargo Bk
Aug 3, 2010
—
3/j Ranch Ents LLC
Thf Holdings LLC
Quit Claim Deed
related
—
Jul 18, 2008
—
3/j Ranch Ents LLC
Patrick James N & J A Trust
Warranty Deed
related
—
Jun 2, 2004
—
Patrick,james N Trust
Nelson Robert L Trust
Warranty Deed
$1,000,000 · Nelson Robert L Trust (tr)
Mar 25, 2004
—
Nelson,robert L Trust
—
Trustees Deed
related
$150,000 · Security First Bank
—
—
3/j Ranch Ents LLC
—
Deed Of Trust
related
$2,227,000 · Anb Bank
—
—
3/j Ranch Ents LLC
—
Deed Of Trust
related
$514,000 · Anb 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.
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