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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Manufacturing properties
702 Lincolnway Cheyenne, WY 82001-4359
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US95-0055564
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1919
Total area
85,660 SF
Lot
1.7 ac (73,920 SF)
Zoning code
CB
APN
11001039500010
UPID
US95-0055564
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
-
WTE Web Services Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Commercial Printing Publishing House Newspaper & Magazine
-
Wyoming Tribune Eagle Publishing House Newspaper & Magazine
-
Wyoming Business Report Publishing House Newspaper & Magazine
-
Pixel Ink Creative Group Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.73M
Owner & transaction history
Apg Real Estate Invs LLC · 9 yrs held
Apg Real Estate Invs LLC
since 2016
4 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
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
INDUSTRIAL (GENERAL)
$1,575,000
Current use
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
$20 / 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
$91,539
Tax year 2023
Assessed value
$1,053,463
Assessed 2024
Previous assessed
$1,009,134
+4.4% YoY
Effective rate
8.69%
On assessed value
Assessed land
$55,975
Assessed improvement
$997,488
Land market value
$486,736
Improvement market value
$8,673,811
Total market value
$9,160,547
Applied tax rate
151.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1919
Heating
HOT WATER
Buildings
2
Stories
4
Units
1
Total area
85,660 SF
Lot
1.7 ac (73,920 SF)
Zoning code
CB
APN
11001039500010
UPID
US95-0055564
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
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
1919
Heating
HOT WATER
Stories
4
Buildings
2
Units
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Apg Real Estate Invs LLC
Entity
Mailing address
29088 AIRPARK DR, EASTON, MD 21601-7000
Ownership since
2016
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
Sep 2, 2016
—
Apg Real Estate Invs LLC
Apg Real Properties LLC
Quit Claim Deed
$4,425,479 · Stockman Bk/mt
Oct 5, 2015
—
Apg Real Properties LLC
Cheyenne Newspapers INC
Warranty Deed
related
—
—
—
Cheyenne Newspapers INC
—
Deed Of Trust
related
$942,000 · Us Bk
—
—
Cheyenne Newspapers INC
—
Loan Modification
related
—
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.
Try Rey
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