Technical
Financial
Distress signals
Property profile

3001 Pershing Blvd Cheyenne, WY 82001

OFF-MARKET
Office buildings
Property ID
US95-0025728
134,940 SF 13.38 ac lot Built 1971
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

The Jonah Business Center, located at 3001 E Pershing Blvd, Cheyenne, WY 82001, presents a unique investment opportunity. This Class B office complex, built in 1971 and totaling 132,000 square feet across two single-story buildings, sits on 15.11 acres of land. The property boasts over 400 parking spaces, making it highly convenient for tenants and visitors. Currently, nine suites are available, ranging in size from 2,779 to 28,000 square feet, offering flexibility for various business needs. The property's history includes a significant period of occupancy by the State of Wyoming, retaining original features from the Senate, House of Representatives chambers, and the Governor's executive office. A notable addition in 1994 is a 29,000-square-foot former call center, featuring raised floors, private restrooms, a kitchen, executive offices, and meeting rooms. The property is zoned commercial and offers a total of 20 established suites ranging in size from 300 to 29,000 square feet. This property is ideal for businesses seeking established office space in a prime Cheyenne location with ample parking and a rich history. No elevators are present.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Total area 134,940 SF
Lot 13.38 ac (582,691 SF)
Zoning code CB
APN 16169004400001
UPID US95-0025728

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
  • Public Health Department Government Office
  • Business Service Center Corporate Office
  • Government
  • Corporate Office
  • Social Security Office

Location

3001 Pershing Blvd Cheyenne, WY 82001-5704
Cheyenne metro Census 602 CHEYENNE, WY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.30M
Comparable Approach Comparable
$13.06M
Blend (final) Blend
$1.21M

Owner & transaction history

since 2006
4 recorded transactions
2006
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CB · Cheyenne, WY
Zoning description

5.4.2 CB - Community Business District 5.4.3 CBD - Central Business District 5.4.4 MUR - Mixed-Use Residential District 5.4.5 MUB - Mixed-Use Business District 5.4.6 MUE - Mixed-Use Employment District 5.4.7 BP - Busines…

General category CIVIC_INSTITUTIONAL

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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