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Property profile & analytics
OFF-MARKET
Assisted living facilities

52 16th St Wheatland, WY 82201-3515

14,995 SF 0.9 ac lot Built 1998
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US95-0218869
Property summary
AI-generated overview

This exceptional investment opportunity presents a 23-unit apartment building situated on a 0.9-acre lot in Wheatland, Wyoming. The property, built in 1998, boasts a total of 14,995 square feet across two buildings and is zoned for Highway Business use. Originally designed as senior housing, this versatile property offers a multitude of redevelopment possibilities. The existing configuration includes 23 apartment units, each featuring a private 3/4 bathroom and a living area/bedroom. Several units also include kitchenettes equipped with a sink, small refrigerator, and microwave. Adding to the property's appeal are 16 storage units and 4 garages, providing ample additional income streams. The main floor encompasses a spacious living room with a fireplace, a sunroom, a dining room connected to a commercial kitchen, three offices, and two laundry facilities, along with a beauty shop. Exterior amenities include a wrap-around covered porch, a gazebo, Pella windows, central air conditioning, underground sprinklers, a newer roof, a fire suppression system, a hydraulic elevator, off-street parking for 10 vehicles, and a backup generator for essential equipment. The property is beautifully landscaped and enjoys a mountain view. With its substantial lot size (39,200 square feet), there's potential for future expansion. The asking price for this unique property is $750,000.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1998
Construction FRAME
Total area 14,995 SF
Lot 0.9 ac (39,200 SF)
APN 246824203005CM
UPID US95-0218869
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Thane Ashenhurst · 1 yrs held
Thane Ashenhurst
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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