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Property profile & analytics
OFF-MARKET
Estimated value
$6,140,000
Office buildings
5221 Yellowstone Rd Cheyenne, WY 82009-4736
Individually Owned
5-yr Hold
Free & Clear
Property ID
US95-0054253
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
76,524 SF
Lot
6 ac (261,360 SF)
APN
16726000100010
UPID
US95-0054253
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
-
Department of Workforce Services State Government Office
-
Cheyenne Workforce Center Business Service Center Employment Agency
-
Vocational Rehabilitation Social Service Agency Charitable Organization
-
Disability Determination Services State Government Office
-
WY Quality Counts Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.41M
Comparable Approach
Comparable
$5.88M
Blend (final)
Blend
$6.14M
Owner & transaction history
Cheyenne Wy I Sgp Lc · 5 yrs held
Cheyenne Wy I Sgp Lc
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.9M
+102.2%
Restaurant
$6.2M
+82.3%
Medical building
$5.3M
+55.2%
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%
$6,940,000
6.5%
$6,405,000
7%
$5,950,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,930,000
Change: +102% · Conversion: Easy
RESTAURANT
$6,245,000
Change: +82% · Conversion: Moderate
MEDICAL BUILDING
$5,320,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,720,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$6.14M
Range $5.53M – $6.75M · ±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
$80 / 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
$89,787
Tax year 2023
Assessed value
$1,264,760
Assessed 2024
Previous assessed
$1,269,789
-0.4% YoY
Effective rate
7.10%
On assessed value
Assessed land
$108,120
Assessed improvement
$1,156,640
Land market value
$1,138,100
Improvement market value
$12,175,154
Total market value
$13,313,254
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
76,524 SF
Lot
6 ac (261,360 SF)
APN
16726000100010
UPID
US95-0054253
Jurisdiction
LARAMIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
RESTAURANT
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
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
1981
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
6 ac
Current owner
From public records · entity-resolved
Cheyenne Wy I Sgp Lc
Individual
Free & Clear · 5 yrs held
Mailing address
772 WHALERS WAY, FORT COLLINS, CO 80525-7581
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
—
Cheyenne Wy I Sgp Lc
Dd & B Investments Group LLC
Special Warranty Deed
—
Jun 20, 2019
—
Dd & B Investment Group LLC
—
Loan Modification
related
$11,000,000 · Firstier 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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