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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Medical Office Space
4003 Rawlins St Cheyenne, WY 82001-1800
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US95-0050974
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
5,860 SF
Lot
0.38 ac (16,492 SF)
Zoning code
MR-2
APN
12699000100010
UPID
US95-0050974
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
-
Willow Creek Family Medicine Physician
-
Hattel Larry J MD Physician
-
Sillow Creek Family Medicine Alternative Medicine Practice
-
Restoration Health Physician
-
Lawrence O'Holleran MD Vascular and General Surgery Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$750k
Owner & transaction history
4003 Rawlins LLC · 2 yrs held
4003 Rawlins LLC
since 2024
5 recorded transactions
Zoning & alternative use
MR-2 · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
udc 2026 07 09
Top alternative use upside
Office building
$700,000
+20.0%
Retail stores
$605,000
+3.7%
Restaurant
$590,000
+1.2%
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%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$580,000
Current use
OFFICE BUILDING
$700,000
Change: +20% · Conversion: Easy
RETAIL STORES
$605,000
Change: +4% · Conversion: Difficult
RESTAURANT
$590,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$565,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$495,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$128 / 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
$6,752
Tax year 2023
Assessed value
$105,716
Assessed 2024
Previous assessed
$95,494
+10.7% YoY
Effective rate
6.39%
On assessed value
Assessed land
$16,451
Assessed improvement
$89,265
Land market value
$173,167
Improvement market value
$939,635
Total market value
$1,112,802
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
5,860 SF
Lot
0.38 ac (16,492 SF)
Zoning code
MR-2
APN
12699000100010
UPID
US95-0050974
Jurisdiction
LARAMIE
Zoning & alternative use
MR-2 · Cheyenne, WYZoning 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
Source
udc 2026 07 09
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$580,000
OFFICE BUILDING
Est. value
$700,000
RETAIL STORES
Est. value
$605,000
RESTAURANT
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$495,000
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2011
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
4003 Rawlins LLC
Entity
Mailing address
PO BOX 2161, CHEYENNE, WY 82003-2161
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
4003 Rawlins LLC
Willow Creek Investments LLC
Warranty Deed
$1,507,813 · Wyoming Bank & Trust
Jun 18, 2021
—
Willow Creek Investments LLC
—
Deed
related
$697,807 · Jonah Bank Of Wyoming
May 25, 2011
—
Willow Creek Investments LLC
S & S Builders LLC
Warranty Deed
$1,107,743 · Security First Bank
—
—
Willow Creek Investments LLC
—
Deed Of Trust
related
$601,902 · Security First Bank
—
—
Willow Creek Investments LLC
—
Deed Of Trust
related
$506,000 · Widc/frontier Certified Dev Co
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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