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    373 Road 2 Deaver, WY 82421

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    373 Road 2 Deaver, WY 82421

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    • Commercial real estate
    • 3,710 SF
    Off-Market
    Property ID
    US95-0236695
    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

    • Commercial real estate

    Property Details for 373 Road 2

    Year built
    2013
    Property size
    3,710 SF
    Property type
    Commercial real estate

    Description

    This exceptional 83-acre Wyoming ranch property presents a unique opportunity. The 2013-built, 3,710 square foot custom home boasts four bedrooms and three full bathrooms, including a luxurious master suite with his-and-hers closets, a jacuzzi tub, and a walk-in shower. The kitchen is a chef's dream, featuring Wayne Moore knotty alder custom cabinets, a gas cooktop, double ovens, and a refrigerator/dishwasher. Solid hickory flooring graces the kitchen, living, and dining areas, which flow seamlessly together, enhanced by architectural details like bay windows, built-in pantry, Roman shades, and crown molding. The fully finished basement offers additional living space, including a game room and family room, with egress windows providing ample natural light. Comfort is ensured with a forced-air furnace, central air conditioning, and a gas fireplace. High-quality finishes include solid cedar interior doors and fiberglass exterior doors. Exterior features include a covered concrete front porch with custom lighting, an enclosed back porch/mudroom with commercial glass doors, and French drains. A windbreak fence surrounds the back patio. The home's exterior is finished with all-steel siding and trim, and asphalt shingles. The property also includes a 40' x 24' three-stall detached garage with an insulated heated workshop, a 40' x 48' pole barn with steel roofing and siding, a 10' x 12' greenhouse, and a custom chicken coop. Irrigation is provided by an automatic sprinkler system with a new (2023) 1hp irrigation pump. Other features include a 2-tank septic system, a 2500-gallon underground water storage tank, and mature landscaping including apple, spruce, and lilac trees. Wildlife abounds, with pheasants and white-tailed deer frequenting the property. Enjoy breathtaking views of the Pryor Mountains, Big Horn Mountains, and Heart Mountain. The nearby Big Horn Canyon recreation area offers abundant opportunities for camping, hiking, fishing, boating, hunting, skiing, and snowmobiling. Approximately 59 acres are considered irrigable. The property is fully fenced.

    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
    Deaver
    County
    Big Horn
    State
    Wyoming
    Longitude
    -108.6476514
    Latitude
    44.9295366

    Comparable in this City

    • $675,000
      238.50 Acres

      Productive Farm Ground in Deaver

      238.5 acres of farm ground with irrigation and utilities.
      359 Lane 7 1/2, Deaver, WY 82421
      View Details
    • $499,900
      4,096 SF

      Wyoming Restaurant Business Opportunity

      Profitable restaurant for sale with real estate and license.
      775 Us Highway 310, Deaver, WY 82421
      View Details
    • $499,900
      4,096 SF

      Deaver Restaurant and Bar on Highway

      Turn-key Wyoming restaurant and bar for sale on 1.3 acres.
      775 S 310, Deaver, WY 82421
      View Details

    Similar Nearby for Sale

    • $675,000
      238.50 Acres

      Productive Farm Ground in Deaver

      238.5 acres of farm ground with irrigation and utilities.
      359 Lane 7 1/2, Deaver, WY 82421
      View Details
    • $499,900
      4,096 SF

      Wyoming Restaurant Business Opportunity

      Profitable restaurant for sale with real estate and license.
      775 Us Highway 310, Deaver, WY 82421
      View Details
    • $499,900
      4,096 SF

      Deaver Restaurant and Bar on Highway

      Turn-key Wyoming restaurant and bar for sale on 1.3 acres.
      775 S 310, Deaver, WY 82421
      View Details
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    373 Road 2
    Deaver, WY 82421
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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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