4615 College Dr Cheyenne, WY 82009
This exceptional 2.67-acre development opportunity in Cheyenne, Wyoming, presents a compelling investment prospect. Located just north of Dell Range Boulevard off College Drive, this property boasts an enviable position in a desirable Laramie County area, currently zoned MR. The site is comprised of two contiguous 1.3-acre parcels, offering flexibility for various development plans. Envisioned uses include twin-home construction, apartment complexes, or a small single-family residential development. The high-traffic location at the intersection of College Drive and Dell Range Boulevard ensures excellent visibility and accessibility, with over 21,000 vehicles passing daily. The property's 1,068 square feet of existing structures (if any) are included in the asking price of $659,000. This presents a rare chance to capitalize on the growing Cheyenne market and create a thriving development project. The property's zoning and location make it an attractive proposition for investors seeking high-return opportunities in a dynamic area. The address is 4615 N College Dr, Cheyenne, WY 82009.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.