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Property profile & analytics
FOR SALE
Office buildings
245 Storey Blvd Cheyenne, WY 82009
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US95-0000493
For Sale
1 / 13
$3,800,000
245 Storey Blvd, Cheyenne, WY 82009
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Total area
9,636 SF
Lot
0.69 ac (29,864 SF)
Zoning code
PUD
APN
18441000100020
UPID
US95-0000493
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
-
First American Title Insurance Company Title Company Escrow Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$760k
Owner & transaction history
Wesley J Gasner · 5 yrs held
Wesley J Gasner
since 2021
7 recorded transactions
Zoning & alternative use
PUD · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$875,000
+102.2%
Restaurant
$785,000
+82.3%
Medical building
$670,000
+55.2%
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%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$875,000
Change: +102% · Conversion: Easy
RESTAURANT
$785,000
Change: +82% · Conversion: Moderate
MEDICAL BUILDING
$670,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$595,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$79 / 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
$10,958
Tax year 2023
Assessed value
$153,619
Assessed 2024
Previous assessed
$154,964
-0.9% YoY
Effective rate
7.13%
On assessed value
Assessed land
$6,464
Assessed improvement
$147,155
Land market value
$68,045
Improvement market value
$1,548,996
Total market value
$1,617,041
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 Sale
Year built
2017
Heating
YES
Cooling
YES
Stories
2
Total area
9,636 SF
Lot
0.69 ac (29,864 SF)
Zoning code
PUD
APN
18441000100020
UPID
US95-0000493
Jurisdiction
LARAMIE
Zoning & alternative use
PUD · Cheyenne, WY
Zoning PUD · permitted uses
PUD · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$875,000
RESTAURANT
Est. value
$785,000
MEDICAL BUILDING
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
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
2017
Heating
YES
Cooling
Yes
Stories
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Wesley J Gasner
Individual
Mailing address
736 CIMARRON DR, CHEYENNE, WY 82009-4293
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2021
—
Wesley J Gasner
Wesley J Gasner
Intrafamily Transfer
related
$126,750 · Bank Of The West
Jan 23, 2017
—
Romano LLC
—
Deed
related
$1,768,000 · Wyoming Bk&tr
Aug 1, 2016
—
Romano LLC
—
Deed
related
$1,703,604 · Wyoming Bk&tr
Feb 10, 2016
—
Romano LLC
Snowy Range Dev INC
Warranty Deed
related
—
Sep 30, 2005
—
Snowy Range Dev INC
Edeen Land Dev INC
Warranty Deed
$1,943,842 · First Interstate Bank
Apr 8, 2005
—
Robert L Thomas JR.
Thomas,robert L & Adeline M
Quit Claim Deed
$125,609 · Cheyenne St Bank
—
—
Romano LLC
—
Deed Of Trust
related
$1,703,604 · Wyoming Bk&tr
—
—
Romano LLC
—
Loan Modification
related
$1,768,000 · Wyoming Bk&tr
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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