Property profile

3501 Lincolnway Cheyenne, WY 82001

OFF-MARKET
Strip malls
Property ID
US95-0016020
60,084 SF 5.14 ac lot Built 1978
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A 60,084-square-foot retail property on 5.14 acres is configured as two separate units. Unit one contains approximately 25,000 square feet and was developed for use as a trampoline center. Unit two provides approximately 25,000 square feet of retail space combined with approximately 10,000 square feet of warehouse space, supporting a mixed retail/warehouse layout with dock-high loading doors. The building was constructed in 1978 and is built with block construction and a membrane roof. The site is adjacent to Cheyenne Plaza Shopping Center and is located among established retail uses, including nearby AutoZone, Sportsman’s Warehouse, and Murdoch’s.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1978
Total area 60,084 SF
Lot 5.14 ac (223,898 SF)
Zoning code CB
APN 15332000100030
UPID US95-0016020

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
  • Arcade & Gaming Center Family Recreation Center
  • Car Wash
  • Furniture & Home Goods Home Decor Store

Location

3501 Lincolnway Cheyenne, WY 82001-6302
Cheyenne metro Census 503 CHEYENNE, WY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.35M
Comparable Approach Comparable
$2.52M
Blend (final) Blend
$2.44M

Owner & transaction history

since 2014
7 recorded transactions
2021
Price N/A
2019
Price N/A
2019
Price N/A
2017
Price N/A
2014
Price N/A
2014
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
Top alternative use upside
Auto repair, garage $3.9M +43.4%

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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