Property profile

406 8th St Wheatland, WY 82201

OFF-MARKET
Warehouses
Property ID
US95-0160383
6,148 SF 0.8 ac lot Built 1940
Individually Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial investment opportunity in Wheatland, Wyoming, presents a portfolio of four strategically located buildings encompassing seven rental units. The property boasts a substantial 0.8-acre lot, offering ample space and approximately 35,000 square feet of graveled area. The buildings vary in size and construction, providing a diverse range of rental options. Two units reside within a newer, 104 x 60 foot steel structure, constructed in 2019. Another building is a 24 x 30 foot steel structure. Two additional units are housed in a 40 x 90 foot steel Quonset hut. Finally, two units occupy a 40 x 90 foot concrete block building, which underwent a complete refacing in 2019. All but one unit are currently leased, generating a strong passive income stream with long-term tenants. The property's visibility ensures easy customer access, while maintaining a degree of privacy. The total rentable square footage exceeds 14,000 square feet, making this a highly attractive investment with significant potential for future growth and returns. This turnkey operation requires minimal management, offering a compelling opportunity for investors seeking a stable and profitable venture. The asking price is $1,250,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1940
Construction FRAME
Total area 6,148 SF
Lot 0.8 ac (35,000 SF)
APN 246813402001CM
UPID US95-0160383

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
  • Auto Repair Shop

Location

406 8th St Wheatland, WY 82201-2901
Wheatland metro Census 959402
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

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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