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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Warehouses
460 University Ave Laramie, WY 82072-3514
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US95-0253693
Property summary
AI-generated overview
This exceptional industrial property, located at 460 W University Ave, Laramie, WY 82072, offers 22,359 square feet of versatile space ideal for various uses. The single-tenant building, classified as Class C, boasts a blend of warehouse, manufacturing, and traditional office areas. Built in 1900 and renovated in 2010, the property features a 26-foot ceiling height, providing ample vertical space. The building comprises three distinct units: a welding shop, a cabinetry shop complete with a paint booth, and a sizable warehouse/storage area, all complemented by dedicated office space. The property sits on a 2.81-acre lot and includes 50 parking spaces and two drive-in bays. The building benefits from 220V, 3-phase power. Zoned I2, this property presents a significant opportunity. A new roof, installed at a cost of $80,000, ensures long-term structural integrity. The asking lease rate is $6,000 per month, NNN ($3.22 SF), but the owner is open to negotiations and may consider partial leasing. This prime West Laramie location, near University Avenue, offers excellent accessibility and visibility. The property's APN is 16733210001700.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Total area
16,212 SF
Lot
2 ac (87,120 SF)
APN
16733210001700
UPID
US95-0253693
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
B4 Ventures LLC · 6 yrs held
B4 Ventures LLC
since 2020
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+2.6%
Auto repair, garage
$1.2M
+0.8%
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 Laramie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laramie 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
$1,165,000
Current use
MEDICAL BUILDING
$1,200,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,175,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$47 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,826
Tax year 2022
Assessed value
$107,200
Assessed 2023
Previous assessed
$101,144
+6.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$33,933
Assessed improvement
$73,267
Land market value
$357,192
Improvement market value
$771,224
Total market value
$1,128,416
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
4
Total area
16,212 SF
Lot
2 ac (87,120 SF)
APN
16733210001700
UPID
US95-0253693
Jurisdiction
ALBANY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1900
Cooling
Yes
Stories
1
Units
1
Rooms
4
Lot
2 ac
Current owner
From public records · entity-resolved
B4 Ventures LLC
Entity
Mailing address
1720 WATERFORD, CASPER, WY 82609-3371
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
—
B4 Ventures LLC
—
Deed
related
$500,000 · Jonah Bank Of Wyoming
Mar 10, 2020
—
B4 Ventures LLC
Spiegelberg Lumber And Building Com
Warranty Deed
$761,000 · Wells Fargo Bank NA
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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