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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Outlet malls
5116 Frontier Mall Dr, Cheyenne, WY 82009-7350
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US95-0041887
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Total area
43,618 SF
Lot
8.88 ac (386,813 SF)
Zoning code
CB
APN
13924000100021
UPID
US95-0041887
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
-
Brown's Shoe Fit Co Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Natural Grocers Grocery & Convenience Store Food Market
-
Barnes & Noble Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Plato's Closet Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$1.73M
Owner & transaction history
Barnes And Noble Booksellers INC · 2 yrs held
Barnes And Noble Booksellers INC
since 2023
7 recorded transactions
Zoning & alternative use
CB · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+102.6%
Office building
$2.0M
+47.1%
Warehouse, storage
$2.0M
+46.7%
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
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,330,000
Current use
AUTO REPAIR, GARAGE
$2,690,000
Change: +103% · Conversion: Difficult
OFFICE BUILDING
$1,955,000
Change: +47% · Conversion: Easy
WAREHOUSE, STORAGE
$1,950,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±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
$40 / 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
$76,494
Tax year 2023
Assessed value
$1,068,698
Assessed 2024
Previous assessed
$1,081,797
-1.2% YoY
Effective rate
7.16%
On assessed value
Assessed land
$234,545
Assessed improvement
$834,153
Land market value
$2,468,899
Improvement market value
$8,780,557
Total market value
$11,249,456
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2007
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
43,618 SF
Lot
8.88 ac (386,813 SF)
Zoning code
CB
APN
13924000100021
UPID
US95-0041887
Jurisdiction
LARAMIE
Zoning & alternative use
CB · Cheyenne, WY
Zoning CB · permitted uses
CB · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$2.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2007
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
8.88 ac
Current owner
From public records · entity-resolved
Barnes And Noble Booksellers INC
Entity
Mailing address
PO BOX 526412, SALT LAKE CITY, UT 84152-6412
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Barnes And Noble Booksellers INC
Frontier Pplaza LLC
Deed
—
Nov 30, 2021
—
Frontier Plaza LLC
Wsp Cheyenne LLC
Special Warranty Deed
$9,937,500 · Cogent Bank
May 10, 2021
—
Chey Mark LLC
—
Deed
related
$7,500,000 · Wells Fargo Bank NA
Apr 30, 2014
—
Chey Mark LLC
Mrv Wyex II LLC
Special Warranty Deed
—
May 10, 2011
—
Mrv Wy Pad Lc
Mrv Wyex II Lc
Quit Claim Deed
related
—
—
—
Wyex Mrv II
—
Deed Of Trust
related
—
—
—
Wy Ex Mrv II
—
Deed Of Trust
related
$11,800,000 · Mission Bank
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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