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Property profile & analytics
OFF-MARKET
Estimated value
$10,040,000
Distribution centers
7201 Commerce Cir Cheyenne, WY 82007-1844
Entity Owned
6-yr Hold
Free & Clear
Property ID
US95-0021730
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Total area
180,600 SF
Lot
13.72 ac (597,643 SF)
Zoning code
HI
APN
12386000200091
UPID
US95-0021730
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
-
ResourceMFG Employment Agency
-
Magpul Industries Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.73M
Blend (final)
Blend
$10.04M
Owner & transaction history
Cheyenne-laramie Cnty Corp For · 6 yrs held
Cheyenne-laramie Cnty Corp For
since 2020
7 recorded transactions
Zoning & alternative use
HI · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.7M
+100.1%
Restaurant
$13.3M
+94.8%
Medical building
$13.1M
+92.4%
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
WAREHOUSE, STORAGE
$6,825,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,655,000
Change: +100% · Conversion: Difficult
RESTAURANT
$13,300,000
Change: +95% · Conversion: Difficult
MEDICAL BUILDING
$13,135,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,275,000
Change: +50% · Conversion: Easy
RETAIL STORES
$8,530,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$10.04M
Range $9.04M – $11.04M · ±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
$56 / 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
$129,597
Tax year 2023
Assessed value
$1,794,441
Assessed 2024
Previous assessed
$1,832,791
-2.1% YoY
Effective rate
7.22%
On assessed value
Assessed land
$80,846
Assessed improvement
$1,713,595
Land market value
$703,008
Improvement market value
$14,900,828
Total market value
$15,603,836
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2004
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
180,600 SF
Lot
13.72 ac (597,643 SF)
Zoning code
HI
APN
12386000200091
UPID
US95-0021730
Jurisdiction
LARAMIE
Zoning & alternative use
HI · Cheyenne, WY
Zoning HI · permitted uses
HI · 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
WAREHOUSE, STORAGE Current
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.7M
RESTAURANT
Est. value
$13.3M
MEDICAL BUILDING
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$10.3M
RETAIL STORES
Est. value
$8.5M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2004
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
13.72 ac
Current owner
From public records · entity-resolved
Cheyenne-laramie Cnty Corp For
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 1045, CHEYENNE, WY 82003-1045
Ownership since
2020
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
Jun 5, 2020
—
Cheyenne-laramie Cnty Corp For
Laramie County
Correction Deed
related
—
Jun 3, 2020
—
Cheyenne-laramie County Corp
Laramie County Wyoming
Quit Claim Deed
related
—
Jan 21, 2015
—
Laramie Country Wyoming
Cheyenne Property LLC
Grant Deed
—
Jan 31, 2012
—
Cheyenne Property LLC
Jeld-wen INC
Warranty Deed
related
—
Jul 9, 2009
—
Jeld-wen INC
—
Deed Of Trust
related
$573,000,000 · Bank Of America
—
—
Jeld-wen INC
—
Deed Of Trust
related
—
—
—
Jeld-wen INC
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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