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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Medical Office Space
5050 Powderhouse Rd Cheyenne, WY 82009-4800
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US95-0026793
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
26,896 SF
Lot
4.4 ac (191,490 SF)
Zoning code
MR-2
APN
14870000000010
UPID
US95-0026793
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
-
UCHealth Primary Care - Cheyenne Pediatrician Physician
-
UCHealth Diabetes and Endocrinology Clinic - Cheyenne Physician
-
UCHealth Neurology Clinic - Cheyenne Physician Medical Clinic
-
UCHealth Heart and Vascular Clinic - Cheyenne Physician
-
Cheyenne Medical Specialists: Ogara Robin MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$2.08M
Owner & transaction history
High Plains Medical Properties LLC · 3 yrs held
High Plains Medical Properties LLC
since 2023
4 recorded transactions
Zoning & alternative use
MR-2 · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
udc 2026 07 09
Top alternative use upside
Apartment house (5+ units)
$2.4M
+30.3%
Restaurant
$2.2M
+17.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,870,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,435,000
Change: +30% · Conversion: Moderate
RESTAURANT
$2,195,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,660,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$77 / 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
$36,359
Tax year 2023
Assessed value
$489,274
Assessed 2024
Previous assessed
$514,194
-4.8% YoY
Effective rate
7.43%
On assessed value
Assessed land
$120,428
Assessed improvement
$368,846
Land market value
$1,267,664
Improvement market value
$3,882,585
Total market value
$5,150,249
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
1992
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
26,896 SF
Lot
4.4 ac (191,490 SF)
Zoning code
MR-2
APN
14870000000010
UPID
US95-0026793
Jurisdiction
LARAMIE
Zoning & alternative use
MR-2 · Cheyenne, WYZoning MR-2 · permitted uses
MR-2 · Cheyenne, WY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
udc 2026 07 09
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1992
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
4.4 ac
Current owner
From public records · entity-resolved
High Plains Medical Properties LLC
Entity
Mailing address
PO BOX 670, TORRINGTON, WY 82240-0670
Ownership since
2023
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
Aug 1, 2023
—
High Plains Medical Properties LLC
Cms Properties LLC
Warranty Deed
$6,175,000 · First National Bank Of Omaha
Jun 22, 2017
—
Cms Properties LLC
—
Deed
related
$4,125,076 · Anb Bk
—
—
Cms Properties LLC
—
Deed Of Trust
related
$4,275,000 · Bank Of The West
—
—
Cms Properties LLC
—
Loan Modification
related
$4,125,076 · Anb Bk
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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