Property profile

2800 Mccann Ave Cheyenne, WY 82001

FOR SALE
Mobile home & RV parks
Property ID
US95-0019757
Built 1959
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Property summary

AI-generated overview

The Wilmer & Danny Group of Marcus & Millichap is proud to present Frontier Estates, a 56-site manufactured housing community located in Cheyenne, Wyoming. Originally developed in 1959, the property offers investors the opportunity to acquire a stabilized community with approximately 80% occupancy, below-market rents, and meaningful upside through continued occupancy growth, infill of vacant sites, and operational optimization. The community benefits from all city utility services and utilizes a flat utility reimbursement structure, creating operational efficiencies and expense recovery for ownership. Frontier Estates is strategically positioned with convenient access to Interstate 25 and Interstate 80, providing connectivity throughout Wyoming, Colorado, and the broader Rocky Mountain region. Cheyenne serves as Wyoming's capital and economic center, supported by a diverse employment base that includes government, military, transportation, healthcare, logistics, and energy sectors. Major employers such as F.E. Warren Air Force Base, Union Pacific Railroad, and the State of Wyoming provide long-term economic stability and consistent housing demand. Residents benefit from proximity to numerous retail, dining, and entertainment amenities, including Frontier Mall, Downtown Cheyenne, and a variety of outdoor recreational destinations throughout southeastern Wyoming. The community is also located near Cheyenne Frontier Days, one of the nation's largest outdoor rodeo and western celebration events. As housing affordability challenges continue across the Mountain West, manufactured housing communities remain one of the region's most attainable housing options, supporting strong occupancy demand and long-term resident retention. Frontier Estates is being offered at $4,480,000, representing approximately $80,000 per site. Current average site rents of approximately $548 per month remain below competing housing alternatives, providing a clear path for future rent growth. With limited manufactured housing inventory and transaction activity throughout Wyoming, Frontier Estates represents a rare opportunity to acquire a well-located community with stable cash flow, occupancy upside, and long-term growth potential in one of the region's most supply-constrained affordable housing markets.

Property profile

Verified
Property type Mobile home & RV parks
Year built 1959
UPID US95-0019757

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Campground & RV Park

Location

2800 Mccann Ave Cheyenne, WY 82001
Cheyenne metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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