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    Property profile & analytics

    1951 Bluegrass Cir Cheyenne, WY 82009-7355

    • Individual retail properties
    • 19,532 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    $515,000
    Location Intelligence
    Property ID
    US95-0002645
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Physical Therapy Center of Wyoming / Physical Therapy Clinic
    • Christopher M. Hearne, DPT / Physical Therapy Clinic / Physical Therapist
    • Mary's Fitness / Personal Trainer / Nutritionist
    • Cheyenne Performance, LLC / Personal Trainer
    • Haley Wadley / Physical Therapist / Practitioner Service Location

    Property Details for 1951 Bluegrass Cir

    Year built
    2000
    Lot size
    2.00 lot acres
    Property size
    19,532 SF
    Zone code
    CB
    Property type
    Individual retail properties
    APN
    15685001000102
    APU
    15685001000102

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $540,000

    • CAP approach

      CAP return
      Estimation
      6%
      $520,000
      6.5%
      $495,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $550,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $430,000
      Mixed-Use
      $435,000
      Hospitality
      $535,000
      Educational
      $525,000
      Residential Income
      $505,000
      Energy
      $555,000
      Income-Based Land
      $445,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.793
    Latitude
    41.1581
    CBSA code
    16940
    CBSA name
    CHEYENNE, WY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,594
    $59,450
    $122,143
    $181,593
    -
    $625,788
    $1,285,719
    $1,911,507

    Comparable in this City

    • Value Estimation by Request
      17,856 SF

      5307 Yellowstone Rd

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    • Value Estimation by Request
      2.26 Acres

      711 Chief Dr

      RETAIL STORES (PERSONAL SERVICES) • 2.26 Acres
      711 Chief Dr, Cheyenne, WY 82009-7532
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    • Value Estimation by Request
      7,402 SF

      2634 Dell Range Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,402 SF
      2634 Dell Range Blvd, Cheyenne, WY 82009-5278
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    • Value Estimation by Request
      4,282 SF

      140 Gardenia Dr

      CONVENIENCE STORE • 4,282 SF
      140 Gardenia Dr, Cheyenne, WY 82009-2600
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    • Value Estimation
      $335,000
      2,091 SF

      1947 Bluegrass Cir

      DRUG STORE, PHARMACY • 2,091 SF
      1947 Bluegrass Cir, Cheyenne, WY 82009-7355
      View Details
    • Value Estimation
      $355,000
      2,335 SF

      2314 Dell Range Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,335 SF
      2314 Dell Range Blvd, Cheyenne, WY 82009-5124
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Cheyenne Office/Retail Space Available

      Highly visible office/retail space on Dell Range Corridor for lease.
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      Frontier Mall: Prime Retail/Office Space

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      Cheyenne Retail Space Available

      19,500 SF Retail Space in Cheyenne, WY
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      Cheyenne Pad Site: Kohl's Neighbor

      Prime 1-acre commercial land, ideal retail location.
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      1,938 SF

      Medical Office Building For Lease

      Medical office space available for lease in Cheyenne, Wyoming.
      1950 Bluegrass Cir, Cheyenne, WY 82009
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    Cheyenne, WY 82009-7355
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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