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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
4116 Laramie St Cheyenne, WY 82001-1969
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US95-0339774
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
5,160 SF
Lot
0.12 ac (5,160 SF)
Zoning code
PUD
APN
12704000500010
UPID
US95-0339774
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
-
Vipul Madhwani Physician
-
Aaron Freeman Pediatrician Physician
-
John Winter Physician
-
Tracie Caller Physician Medical Clinic
-
Take Pullos Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$525k
Blend (final)
Blend
$505k
Owner & transaction history
S-cape LLC · 13 yrs held
S-cape LLC
since 2012
4 recorded transactions
Zoning & alternative use
PUD · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
5.6.2 PUD - Planned Unit Development District a. Intent. A planned unit development shall permit flexibility and creativity in site and building design and location in accordance with an approved plan and specific ordinance, which shall be written in a manner as to prevent adverse impacts and protect the public health, safety and welfare. Design excellence a…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
3,490.96 ac
Source
udc 2026 07 09
Top alternative use upside
Office building
$615,000
+20.0%
Retail stores
$530,000
+3.7%
Restaurant
$520,000
+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
$305,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$515,000
Current use
OFFICE BUILDING
$615,000
Change: +20% · Conversion: Easy
RETAIL STORES
$530,000
Change: +4% · Conversion: Difficult
RESTAURANT
$520,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$495,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$435,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$98 / 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
$5,339
Tax year 2023
Assessed value
$77,306
Assessed 2024
Previous assessed
$75,509
+2.4% YoY
Effective rate
6.91%
On assessed value
Assessed land
$5,147
Assessed improvement
$72,159
Land market value
$54,181
Improvement market value
$759,567
Total market value
$813,748
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
2008
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,160 SF
Lot
0.12 ac (5,160 SF)
Zoning code
PUD
APN
12704000500010
UPID
US95-0339774
Jurisdiction
LARAMIE
Zoning & alternative use
PUD · Cheyenne, WYZoning PUD · permitted uses
PUD · Cheyenne, WY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
5.6.2 PUD - Planned Unit Development District a. Intent. A planned unit development shall permit flexibility and creativity in site and building design and location in accordance with an approved plan and specific ordinance, which shall be written in a manner as to prevent adverse impacts and protect the public health, safety and welfare. Design excellence and the provision of outstanding public amenity shall be considered when establishing development standards. b. Applicability. The planned unit development ordinance shall be considered the zoning ordinance for the property described in that ordinance. c. Context. A planned unit development designation is appropriate when at least one of the following is incorporated: 1. Development of compatible land uses providing private and common spaces for recreation, circulation and open space; 2. Conservation of natural features or development of
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
3,490.96 ac
Source
udc 2026 07 09
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$515,000
OFFICE BUILDING
Est. value
$615,000
RETAIL STORES
Est. value
$530,000
RESTAURANT
Est. value
$520,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$435,000
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
2008
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
S-cape LLC
Entity
Mailing address
PO BOX 4026, CHEYENNE, WY 82003-4026
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2012
—
S-cape LLC
Sutherland,larry & Kimberlee
Warranty Deed
—
Apr 30, 2008
—
Larry Sutherland
S&s Builders LLC
Warranty Deed
$394,320 · Wyoming Bank & Trust
Dec 28, 2007
—
S & S Builders LLC
S & S Concrete
Quit Claim Deed
related
$264,160 · S&s Concrete
—
—
Larry D Sutherland
—
Deed Of Trust
related
$975,000 · Wells Fargo Bank
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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