Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2720 Cribbon Ave Cheyenne, WY 82001
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2720 Cribbon Ave Cheyenne, WY 82001

    View on Map
    • Warehouses
    • 21,598 SF
    • 4.41 lot acres
    Off-Market
    Property ID
    US95-0003007
    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.
    Value Estimations
    $1,490,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2720 Cribbon Ave

    Year built
    1980
    Lot size
    4.41 lot acres
    Property size
    21,598 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    18775000100010
    APU
    18775000100010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,624,000
      Market price range: $686k - $1.62M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,155,000
      Current use
      RETAIL STORES
      $2,225,000
      Change: +93% Conversion: Moderate
      RESTAURANT
      $2,170,000
      Change: +88% Conversion: Difficult
      MEDICAL BUILDING
      $2,145,000
      Change: +86% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,080,000
      Change: +81% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,830,000
      Change: +59% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,405,000
      Change: +22% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.837
    Latitude
    41.1394
    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
    $15,549
    $12,831
    $203,954
    $216,785
    -
    $135,062
    $2,146,880
    $2,281,942

    Comparable in this City

    • Value Estimation by Request
      1,750 SF

      1002 17th St

      WAREHOUSE, STORAGE • 1,750 SF
      1002 17th St, Cheyenne, WY 82001-4238
      View Details
    • Value Estimation by Request
      4,800 SF

      1130 Dunn Ave

      WAREHOUSE, STORAGE • 4,800 SF
      1130 Dunn Ave, Cheyenne, WY 82001-4869
      View Details
    • Value Estimation by Request
      15,826 SF

      1601 Lincolnway

      WAREHOUSE, STORAGE • 15,826 SF
      1601 Lincolnway, Cheyenne, WY 82001-3312
      View Details
    • Value Estimation by Request
      3,200 SF

      2130 Missile Dr

      MINI-WAREHOUSE, STORAGE • 3,200 SF
      2130 Missile Dr, Cheyenne, WY 82001-2655
      View Details
    • Value Estimation
      $835,000
      12,000 SF

      2530 Old Happy Jack Rd

      WAREHOUSE, STORAGE • 12,000 SF
      2530 Old Happy Jack Rd, Cheyenne, WY 82001-3346
      View Details
    • Value Estimation by Request
      9,688 SF

      1808 1st Ave

      WAREHOUSE, STORAGE • 9,688 SF
      1808 1st Ave, Cheyenne, WY 82001-4321
      View Details

    Similar Nearby for Sale

    • $1,386,000
      12,608 SF

      Industrial Property with Fenced Yard

      Well-maintained industrial property with flexible space and secure yard.
      2302 W Lincolnway, Cheyenne, WY 82001
      View Details
    • $5,750,000
      60,084 SF

      Cheyenne Commercial Building For Sale

      Commercial building with retail and warehouse space in Cheyenne, Wyoming.
      3501 E Lincolnway, Cheyenne, WY 82001
      View Details
    • $635,000
      2,976 SF

      Cheyenne Commercial Property with Car Storage

      High-visibility Cheyenne property with gated car storage and workspace.
      803 W Lincolnway, Cheyenne, WY 82001
      View Details
    • $1,100,000
      6,677 SF

      Cheyenne Flex Building - 6677 SF

      Downtown Cheyenne commercial space; ideal for diverse uses.
      1620 Thomes Ave, Cheyenne, WY 82001
      View Details
    • $175,000
      7,040 SF

      Versatile Commercial Quonset in Cheyenne

      6,400 sqft commercial space with additional quonset and potential rail.
      1500 Stinson Ave, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Truck/Trailer Storage Investment Opportunity

      1.92-acre truck/trailer storage facility near Cheyenne's tech corridor.
      201 Murray Rd, Cheyenne, WY 82001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Cheyenne Warehouse with Secured Area

      12,000 SF warehouse with office space and secured fenced area.
      2530 Old Happy Jack Rd, Cheyenne, WY 82001
      View Details
    • $12 SF/Yr
      4,000 SF

      Industrial Warehouse Space Available

      4,000 sq ft warehouse space for lease.
      1212 Ridge Rd, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Cheyenne Warehouse Space Available

      Warehouse space available in Cheyenne, Wyoming.
      Dark Fiber & Duct West, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      Historic Downtown Cheyenne Office Space

      Premier office space for lease in the Deming Building.
      1620 Central Ave, Cheyenne, WY 82001
      View Details
    • $15 SF/Yr
      3,087 SF

      Cheyenne Office Space For Rent

      Office space available for lease in Cheyenne, Wyoming.
      1013 E Lincolnway, Cheyenne, WY 82001
      View Details
    • Contact for pricing

      2.3-Acre Light Industrial Commercial Lot

      2.3-acre commercial lot for lease in Cheyenne, Wyoming.
      2610 Missile Dr, Cheyenne, WY 82001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2720 Cribbon Ave
    Cheyenne, WY 82001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!