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    Property profile & analytics

    2910 Big Horn Ave Cody, WY 82414

    • Medical offices
    • 7,538 SF
    • 0.90 lot acres
    For Sale
    View listing
    $2,499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0296389
    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.

    Current Use by Public Records

    • Bennion Lambourne Orthodontics / Dental Office
    • Dr. John Bennion, DDS, MD / Dental Office
    • Billings Oral Surgery & Dental Implant Center / Dental Office
    • Kyle Tracy, DMD / Dental Office
    • Rocky Mountain Family Dental / Dental Office

    Property Details for 2910 Big Horn Ave

    Year built
    2016
    Lot size
    0.90 lot acres
    Property size
    7,538 SF
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    5031107102003
    APU
    5031107102003

    Description

    This exceptional Class A medical office building, located at 2910 Big Horn Ave, Cody, Wyoming 82414, presents a compelling investment opportunity. The property boasts 7,505 square feet on a 39,128 square foot lot, currently operating at 100% occupancy with a multi-tenant lease structure. The building is situated in a thriving community experiencing significant growth, fueled by a robust local economy and expanding healthcare sector. The Net Lease (NNN) structure minimizes landlord responsibilities, contributing to a stable and predictable income stream. With a 6.88% cap rate and an asking price of $2,499,000, this property offers a strong return on investment. The modern facility is well-suited to meet the needs of a growing medical market, ensuring long-term value and potential for appreciation. This is an ideal acquisition for investors seeking a stable, high-yield asset in a dynamic and expanding market. The property's prime location and strong tenant base provide a secure and lucrative investment opportunity in the heart of Cody, Wyoming.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $703,000
      Market price range: $372k - $878k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $680,000
      Current use
      OFFICE BUILDING
      $815,000
      Change: +20% Conversion: Easy
      RETAIL STORES
      $660,000
      Change: -3% Conversion: Difficult
      RESTAURANT
      $635,000
      Change: -7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $575,000
      Change: -15% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $560,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cody
    County
    Park
    State
    Wyoming
    Longitude
    -109.033
    Latitude
    44.533

    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
    2022
    $10,354
    $18,417
    $119,437
    $137,854
    -
    $193,858
    $1,257,227
    $1,451,085

    Comparable in this City

    • Value Estimation
      $625,000
      10,330 SF

      902 Blackburn St

      MEDICAL BUILDING • 10,330 SF
      902 Blackburn St, Cody, WY 82414-8494
      View Details
    • Value Estimation by Request
      944 SF

      838 19th St

      MEDICAL BUILDING • 944 SF
      838 19th St, Cody, WY 82414-3839
      View Details
    • Value Estimation
      $1,730,000
      22,552 SF

      720 Lindsay Ln

      MEDICAL BUILDING • 22,552 SF
      720 Lindsay Ln, Cody, WY 82414-4142
      View Details
    • Value Estimation by Request
      3,122 SF

      1902 Sheridan Ave

      MEDICAL BUILDING • 3,122 SF
      1902 Sheridan Ave, Cody, WY 82414
      View Details
    • Value Estimation by Request
      6,262 SF

      613 Yellowstone Ave

      DENTAL BUILDING • 6,262 SF
      613 Yellowstone Ave, Cody, WY 82414-9327
      View Details
    • Value Estimation by Request
      3,572 SF

      1819 Sheridan Ave, Unit 1825

      MEDICAL BUILDING • 3,572 SF
      1819 Sheridan Ave, Cody, WY 82414-3886
      View Details

    Similar Nearby for Sale

    • $2,499,000
      7,505 SF

      Cody Medical Office Investment

      High-yield medical office building in Cody, WY
      2910 Big Horn Ave, Cody, WY 82414
      View Details
    • $1,425,000
      3,234 SF

      Cody Medical Office Building

      Prime Downtown Cody Office Space
      1443 Beck Ave, Cody, WY 82414
      View Details
    • $2,395,000
      7 SF

      Medical Office Investment Opportunity

      Modern medical office building with long-term leases in Cody, Wyoming.
      2910 Big Horn Ave, Cody, WY 82414
      View Details
    • $1,300,000
      0.28 Acres

      Downtown Cody Office Building

      Prime office space in downtown Cody with off-street parking.
      1443 Beck Ave, Cody, WY 82414
      View Details
    • $1,899,900
      8,244 SF

      Cody Mixed-Use Investment Opportunity

      Profitable Restaurant & Hotel Potential
      1651 8Th St, Cody, WY 82414
      View Details
    • $2,825,000
      10,137 SF

      Cody, WY Commercial Office Building

      Modern Office, Mountain Views, 10,137 SF
      502 33Rd St, Cody, WY 82414
      View Details

    Similar Nearby for Lease

    • New
      $2,000 /Mo

      Heated Garage Bay in Cody

      2,880 SF heated garage bay with office space available.
      324 Blackburn St, Cody, WY 82414
      View Details
    • $3,500 /Mo

      Downtown Cody Commercial Space Available

      Prime retail/office space in high-traffic downtown Cody location.
      1330 Beck Ave, Cody, WY 82414
      View Details
    • $1,250 /Mo

      Commercial/Industrial Space in Cody, WY

      Commercial/industrial space for lease featuring a conference room and community bathroom.
      164 Blackburn St, Cody, WY 82414
      View Details
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    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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