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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Office buildings
255 Storey Blvd Cheyenne, WY 82009-3526
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US95-0031560
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
15,284 SF
Lot
0.99 ac (43,059 SF)
Zoning code
PUD
APN
18441000100030
UPID
US95-0031560
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
-
Lesley Worley Realtor Real Estate Agency
-
Shae Lamb, REALTOR® - Coldwell Banker The Property Exchange Real Estate Agency
-
Elsa McHenry (Culver) Acclimated Coldwell Banker TPE Real Estate Agency
-
Tanya Keller; Coldwell Banker The Property Exchange Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$957k
Blend (final)
Blend
$905k
Owner & transaction history
Ials LLC · 1 yrs held
Ials LLC
since 2025
7 recorded transactions
Zoning & alternative use
PUD · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+102.2%
Restaurant
$1.3M
+82.3%
Medical building
$1.1M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$685,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,385,000
Change: +102% · Conversion: Easy
RESTAURANT
$1,250,000
Change: +82% · Conversion: Moderate
MEDICAL BUILDING
$1,065,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$945,000
Change: +38% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$59 / 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
$15,026
Tax year 2023
Assessed value
$205,968
Assessed 2024
Previous assessed
$212,495
-3.1% YoY
Effective rate
7.30%
On assessed value
Assessed land
$9,320
Assessed improvement
$196,648
Land market value
$98,108
Improvement market value
$2,069,979
Total market value
$2,168,087
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
Off-Market
Year built
2007
Heating
YES
Cooling
YES
Stories
2
Total area
15,284 SF
Lot
0.99 ac (43,059 SF)
Zoning code
PUD
APN
18441000100030
UPID
US95-0031560
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
OFFICE BUILDING Current
Est. value
$685,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$945,000
WAREHOUSE, STORAGE
Est. value
$685,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2007
Heating
YES
Cooling
Yes
Stories
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Ials LLC
Entity
Mailing address
PO BOX 2706, CASPER, WY 82602-2706
Ownership since
2025
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
May 16, 2025
—
Ials LLC
Tpere LLC
Warranty Deed
$1,925,000 · Pinnacle Bank
Aug 9, 2023
—
Tpere LLC
—
Deed
related
$1,322,284 · Jonah Bank Of Wyoming
Aug 28, 2015
—
Tpere LLC
Property Exchange INC
Warranty Deed
related
—
Apr 22, 2015
—
Tpere LLC
Property Exchange INC
Warranty Deed
related
—
Sep 30, 2005
—
Snowy Range Dev INC
Storey Boulevard Partners LLC
Warranty Deed
related
—
Jul 12, 2005
—
Storey Blvd Partners LLC
—
Trustees Deed
related
$249,600 · First Interstate Bank
Jul 11, 2005
—
Storey Boulevard Partners LLC
Wheeler Masonry
Warranty Deed
related
—
Jun 28, 2005
—
Wheeler Masonry
Rodekohr,keith E
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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