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Property profile & analytics
OFF-MARKET
Office buildings
505 Williams St Cheyenne, WY 82007-3641
Entity Owned
6-yr Hold
Property ID
US95-0010715
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
864 SF
Lot
40 ac (1,742,400 SF)
Zoning code
MR
APN
13006617040
UPID
US95-0010715
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
-
West Winds Mobile Home Community Hardware & Home Improvement Real Estate Agency
-
Zinger (Bike/Boat/Book/etc) Store
-
Fastwell LLC Wellness Program
-
Busy Bees Housekeeping Hardware & Home Improvement
-
The Lyons Den Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cheyenne Mhp LLC · 6 yrs held
Cheyenne Mhp LLC
since 2020
3 recorded transactions
Zoning & alternative use
MR · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,752
Tax year 2023
Assessed value
$301,220
Assessed 2024
Previous assessed
$236,536
+27.3% YoY
Effective rate
5.89%
On assessed value
Assessed land
$257,752
Assessed improvement
$43,468
Land market value
$2,713,182
Improvement market value
$457,557
Total market value
$3,170,739
Applied tax rate
130.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Heating
FLOOR/WALL FURNACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
864 SF
Lot
40 ac (1,742,400 SF)
Zoning code
MR
APN
13006617040
UPID
US95-0010715
Jurisdiction
LARAMIE
Zoning & alternative use
MR · Cheyenne, WY
Zoning MR · permitted uses
MR · Cheyenne, WY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cheyenne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
1
Lot
40 ac
Current owner
From public records · entity-resolved
Cheyenne Mhp LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2020
—
Cheyenne Mhp LLC
—
Deed
related
$15,041,000 · Bellwether Ent Mtg Invs LLC
—
—
Cheyenne Mhp LLC
—
Deed Of Trust
related
$59,400,000 · Citigroup Global Markets Realt
—
—
Cheyenne Mhp LLC
—
Deed Of Trust
related
$15,041,000 · Bellwether Ent Mtg Invs LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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