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    4016 College Dr Cheyenne, WY 82001
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    Property profile & analytics

    4016 College Dr, Cheyenne, WY 82001

    View on Map
    • Assisted living facilities
    • 48,566 SF
    • 3.96 lot acres
    Off-Market
    Property ID
    US95-0049586
    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
    $1,195,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 4016 College Dr

    Year built
    1997
    Lot size
    3.96 lot acres
    Zone code
    MR-2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    13940001000004
    APU
    13940001000004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 15, 2017 — Evi Aspen Wind LLC Lsref Golden Prop 14 Wy LLC Grant Deed · related —
    Nov 4, 2014 — Lsref Golden Prop 14 Wy LLC — Loan Modification · related $100M · First Int'l Bk
    Aug 24, 2010 — Lsref Golden Prop 14 Wy LLC — Deed Of Trust · related $60M · First International Bank
    Jan 5, 2010 — Lsref Golden Prop 14 Wy LLC — Deed Of Trust · related $36.5M · First International Bank
    Jan 27, 2009 — Lsref Golden Prop 14 Wy LLC Aspen Wind Assisted Living Cmn Grant Deed · related —
    Apr 10, 2006 — Aspen Wind Assisted Living Cmn Aspen Wind Property LLC Quit Claim Deed —
    — — Lsref Golden Prop 14 Wy LLC — Loan Modification · related $75k · First International Bank
    — — Aspen Wind Assisted Living Cmn — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,195,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.762
    Latitude
    41.1552
    CBSA code
    16940
    CBSA name
    CHEYENNE, WY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $45,164
    $74,205
    $557,656
    $631,861
    -
    $781,106
    $5,870,066
    $6,651,172

    Comparable in this City

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      HOMES (RETIRED, NURSING)
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      4350 Lincolnway

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      4104 Greenway St

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      3333 Sparks Rd

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      2700 12th St

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    • Value Estimation by Request
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      1307 Crook Ave

      MEDICAL BUILDING
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    • $435,000
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      Leased Medical Office Building

      Commercial building in Cheyenne, WY occupied by a veterinary clinic tenant with existing lease in place.
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      1,250 SF

      Cheyenne Medical/Professional Office Condo

      Affordable 1,250 SF commercial condo in College Business Park.
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    • $450,000
      3,293 SF

      Turn-Key Tanning Salon Business

      Operating tanning salon with extensive bed inventory, UV-free red light therapy, and a new spray booth.
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    • $1,100,000
      0.27 Acres

      Cheyenne Commercial Property Investment

      Prime 0.27-acre commercial lot. High-growth potential.
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      View Details
    • Contact for pricing
      0.09 Acres

      Prime Cheyenne Commercial Lot

      0.09-acre lot, ideal for lease. High-traffic location.
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    Similar Nearby for Lease

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      3,087 SF

      Cheyenne Office Space For Rent

      Office space available for lease in Cheyenne, Wyoming.
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      Cheyenne Retail Space Available

      Retail space available for rent in Cheyenne, Wyoming.
      1900 Cutler Rd, Cheyenne, WY 82001
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      4,900 SF

      Retail Space in Cheyenne, Wyoming

      4,900 SF retail space available for lease.
      1600 Van Lennen Ave, Cheyenne, WY 82001
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      Cheyenne Warehouse Space Available

      Warehouse space available in Cheyenne, Wyoming.
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      Cheyenne Office/Medical Space Available

      15,000 SF office/medical space in excellent Cheyenne location.
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      View Details
    • New
      Contact for pricing
      3,087 SF

      Flex Office and Warehouse Suite

      Leasing opportunity with four offices and a rear 12-foot overhead door for practical office-and-storage operations.
      1013 E Lincolnway, Cheyenne, WY 82001
      View Details
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    Cheyenne, WY 82001
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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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