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Property profile & analytics
OFF-MARKET
Medical Office Space
5231 Yellowstone Rd Cheyenne, WY 82009-4736
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US95-0341613
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Total area
4,750 SF
Lot
0.5 ac (21,831 SF)
Zoning code
CB
APN
16725000200071
UPID
US95-0341613
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
-
Cheyenne Weight Loss Weight Loss Service
-
Livin' Well Family Chiropractic Alternative Medicine Practice
-
Functional Health Specialists Alternative Medicine Practice
-
Mrs. Heather Smith Alternative Medicine Practice
-
Marley Smith Alternative Medicine Practice
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
Michael Means · 9 yrs held
Michael Means
since 2017
7 recorded transactions
Zoning & alternative use
CB · 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
$7,794
Tax year 2023
Assessed value
$108,183
Assessed 2024
Previous assessed
$110,226
-1.9% YoY
Effective rate
7.20%
On assessed value
Assessed land
$13,551
Assessed improvement
$94,632
Land market value
$142,644
Improvement market value
$996,125
Total market value
$1,138,769
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
2018
Heating
YES
Cooling
YES
Units
1
Total area
4,750 SF
Lot
0.5 ac (21,831 SF)
Zoning code
CB
APN
16725000200071
UPID
US95-0341613
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.
Building & site characteristics
From public records
Year built
2018
Heating
YES
Cooling
Yes
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Michael Means
Individual
Mailing address
5231 YELLOWSTONE RD, CHEYENNE, WY 82009-4736
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
—
Innate Properties LLC
—
Deed Of Trust
related
$200,000 · Jonah Bk/wy
Mar 3, 2017
—
Heather Smith
—
Deed
related
$125,000 · Jonah Bk/wy
Feb 10, 2017
—
Michael Means
Means,michael & Leslie
Quit Claim Deed
related
—
May 20, 2010
—
Michael Means
Brown,jenifer E
Warranty Deed
related
—
Aug 27, 2008
—
Jenifer Brown
—
Trustees Deed
related
$118,871 · First National Bank Wyoming-ch
Dec 6, 2007
—
Jenifer Brown
Brown,bret
Quit Claim Deed
related
—
Nov 14, 2007
—
Jenifer E Brown
—
Trustees Deed
related
$115,233 · First National Bank Wyoming-ch
Jun 7, 2007
—
Jenifer E Brown
Brown,bret C
Quit Claim Deed
related
—
Apr 5, 2004
—
Eric A Dziardziel Dds
Bwest Corp
Warranty Deed
$277,203 · Western Bank Cheyenne
—
—
Jenifer Brown
—
Loan Modification
related
$116,765 · First National Bank Wyoming
—
—
Heather Smith
—
Deed Of Trust
related
$125,000 · Jonah Bk/wy
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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