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    280 Road 20 Cody, WY 82414
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    280 Road 20 Cody, WY 82414

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    • Recreation land
    Off-Market
    Property ID
    US95-0170290
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Recreation land

    Property Details for 280 Road 20

    Property type
    Recreation land

    Description

    INVEST IN YOUR OWN PIECE OF WYOMING! One-of-a-kind 37+ acre parcel featuring LIVE WATER, plus everything you could want in a private recreational property. Nestled in a world of its own between Cody and Powell, Wyoming, this unique piece of land offers the natural beauty of a private spring-fed stock reservoir and wetland area. Ample water attracts abundant, diverse wildlife, including mule deer, pheasant, ducks, and sandhill cranes. Take in the elevated panoramic views of Heart Mountain to the north, the McCullough Peaks to the east, and the vast surrounding farmland. The interesting and varied topography provides an ideal setting to create your own private nature sanctuary. This special offering is truly the best of the best for hunting, recreation, or simply enjoying the peace and beauty of the great Wyoming outdoors. This amazing property is perfect for anyone seeking to fully experience the Wyoming way of life: desirable live water, 360-degree views, easy access, and incredible wildlife—all just minutes from Cody and a scenic hour drive to Yellowstone Park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cody
    County
    Park
    State
    Wyoming
    Longitude
    -108.973557
    Latitude
    44.63674

    Comparable in this City

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    • $350,000
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      Land with South Fork River View

      8.77 acres with water tap and mountain views.
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    • $375,000
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      Cody, WY 5.75-Acre Lot

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    • $145,000
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      Residential Lots Near Downtown Cody

      Residential lots in Cody, Wyoming, near shopping and dining.
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    • $120,000
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      Residential Lots Near Downtown Cody

      Residential lots available in established Cody subdivision near downtown.
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    • $80,000
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      Residential Lots Near Downtown Cody

      Residential lots in a convenient location near shopping and dining.
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    Similar Nearby for Sale

    • $350,000
      8.77 Acres

      Land with South Fork River View

      8.77 acres with water tap and mountain views.
      200 Carter View Dr, Cody, WY 82414
      View Details
    • $350,000
      8.33 Acres

      Land with River View in Cody

      8.33 acres with panoramic river views and water tap.
      230 Carter View Dr, Cody, WY 82414
      View Details
    • $149,000
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      Golf Course Lot with Views

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    • Contact for pricing
      160.00 Acres

      Cody, WY Land Auction

      160 acres with live water and mountain views.
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    • $1,050,000
      10.39 Acres

      Riverfront Land in Wapiti Valley

      10+ acres of direct riverfront property in Cody, Wyoming.
      Tbd Trinity Pass, Cody, WY 82414
      View Details
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    280 Road 20
    Cody, WY 82414
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    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
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