Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    493 Prospector Dr Evanston, WY 82930

    • Warehouses
    • 2,400 SF
    • 2.78 lot acres
    OFF-MARKET
    Last Sale
    Jul 19, 2022
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0283597
    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.

    Current Use by Public Records

    • Porter's Fireworks - Evanston / Fireworks Store / Store
    • Porter's Fireworks / Fireworks Store

    Property Details for 493 Prospector Dr

    Year built
    2000
    Construction
    FRAME
    Lot size
    2.78 lot acres
    Property size
    2,400 SF
    Property type
    Warehouses
    APN
    15201941300300
    APU
    15201941300300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $161,000
      Market price range: $64.4k - $161k

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

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Uinta
    State
    Wyoming
    Longitude
    -110.989
    Latitude
    41.2573
    CBSA code
    21740
    CBSA name
    EVANSTON, WY MICROPOLITAN 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
    2022
    $2,606
    $33,364
    $4,913
    $38,277
    -
    $351,204
    $51,712
    $402,916

    Comparable in this City

    • Value Estimation by Request
      8,800 SF

      1259 Way State Hwy

      Distribution properties • 8,800 SF
      1259 Way State Hwy, Evanston, WY 82930
      View Details
    • Value Estimation
      $240,000
      3,200 SF

      34 Reay St

      WAREHOUSE, STORAGE • 3,200 SF
      34 Reay St, Evanston, WY 82930
      View Details
    • Value Estimation
      $240,000
      5,000 SF

      110 Commerce Dr

      WAREHOUSE, STORAGE • 5,000 SF
      110 Commerce Dr, Evanston, WY 82930-3067
      View Details
    • Value Estimation by Request
      1,920 SF

      387 Duncomb Holw Dr

      WAREHOUSE, STORAGE • 1,920 SF
      387 Duncomb Holw Dr, Evanston, WY 82930-9721
      View Details
    • Value Estimation
      $235,000
      4,000 SF

      173 Jamison Dr

      WAREHOUSE, STORAGE • 4,000 SF
      173 Jamison Dr, Evanston, WY 82930
      View Details
    • Value Estimation
      $235,000
      4,000 SF

      108 Pasture Dr

      WAREHOUSE, STORAGE • 4,000 SF
      108 Pasture Dr, Evanston, WY 82930-2009
      View Details

    Similar Nearby for Sale

    • $715,000
      8,800 SF

      Evanston Warehouse: Prime Investment

      Wyoming Warehouse - 8,800 SF, 7% Cap Rate
      1259 Way State Hwy 89, Evanston, WY 82930
      View Details
    • $900,000
      12,300 SF

      Industrial Property with Covered Port

      Industrial property featuring a covered port and fenced acreage.
      225 West St, Evanston, WY 82930
      View Details
    • $1,300,000
      18,000 SF

      Remodeled Industrial Buildings with Showroom

      Remodeled industrial buildings with showroom, heated shop, and fenced yard.
      92 County Road 111, Evanston, WY 82930
      View Details
    • $2,300,000

      Evanston Industrial Building For Sale

      32,950 SF industrial building on 6.46 AC for sale.
      71 Allegiance Cir, Evanston, WY 82930
      View Details
    • $4,500,000

      Evanston, WY Industrial Manufacturing Facility

      65,674 SF industrial facility on 5.43 acres in Evanston, WY.
      97 S Red Willow Rd, Evanston, WY 82930
      View Details
    • $3,500,000
      45,000 SF

      Evanston Industrial Space For Sale

      Large industrial space, prime location. Excellent investment opportunity.
      3281 Wy-89, Evanston, WY 82930
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      1,500 SF

      Functional Warehouse with Office Space

      1,500 SF warehouse with office, fenced yard, I-80 access.
      91 Allegiance Cir, Evanston, WY 82930
      View Details
    • $1,100 /Mo
      1,300 SF

      Flexible Commercial Space For Lease

      Commercial space with gated yard and overhead door for lease.
      76 Imperial Dr, Evanston, WY 82930
      View Details
    • $7 SF/Yr
      2,600 SF

      Evanston Industrial Building with Yard

      2,600 SF industrial building with ample yard space.
      4145 State Highway 150, Evanston, WY 82930
      View Details
    • $4 SF/Yr
      14,650 SF

      Evanston Warehouse: 14,650 SF

      Large Uinta County warehouse available. Ideal for single tenant.
      106 Meadow Dr, Evanston, WY 82930
      View Details
    • Contact for pricing
      129,120 SF

      Evanston Industrial: 129,120 SF Flex

      Three-building flex space; 129,120 SF available.
      1000 Cheyenne Dr, Evanston, WY 82930
      View Details
    • $0.20 SF/Yr
      228,254 SF

      Evanston Industrial Land - Divisible

      5.24 acres, flexible industrial space.
      4137 Wy-150, Evanston, WY 82930
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    493 Prospector Dr
    Evanston, WY 82930
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.