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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Distribution centers
3920 College Dr Cheyenne, WY 82001-1958
Trust Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US95-0032300
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Total area
9,760 SF
Lot
3.94 ac (171,626 SF)
Zoning code
MR-2
APN
19181000000010
UPID
US95-0032300
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wyoming Building Supply Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$705k
Owner & transaction history
Ingram,robert P JR Living Trust · 18 yrs held
Ingram,robert P JR Living Trust
since 2007
1 recorded transaction
Zoning & alternative use
MR-2 · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+123.4%
Retail stores
$1.0M
+93.1%
Restaurant
$980,000
+88.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cheyenne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cheyenne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$520,000
Current use
OFFICE BUILDING
$1,165,000
Change: +123% · Conversion: Difficult
RETAIL STORES
$1,005,000
Change: +93% · Conversion: Moderate
RESTAURANT
$980,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$970,000
Change: +86% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$940,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$72 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,787
Tax year 2023
Assessed value
$113,939
Assessed 2024
Previous assessed
$110,119
+3.5% YoY
Effective rate
6.83%
On assessed value
Assessed land
$73,857
Assessed improvement
$40,082
Land market value
$777,447
Improvement market value
$421,919
Total market value
$1,199,366
Applied tax rate
150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1997
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
9,760 SF
Lot
3.94 ac (171,626 SF)
Zoning code
MR-2
APN
19181000000010
UPID
US95-0032300
Jurisdiction
LARAMIE
Zoning & alternative use
MR-2 · Cheyenne, WY
Zoning MR-2 · permitted uses
MR-2 · Cheyenne, WY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cheyenne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$520,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
RESTAURANT
Est. value
$980,000
MEDICAL BUILDING
Est. value
$970,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$635,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
3.94 ac
Current owner
From public records · entity-resolved
Ingram,robert P JR Living Trust
Trust
Free & Clear · 18 yrs held
Mailing address
7035 STATE HWY 220, CASPER, WY 82604-9336
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2007
—
Ingram,robert P JR Living Trust
Ingram,robert P JR
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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