Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    822 Forest Dr Riverton, WY 82501

    • Office buildings
    • 2,250 SF
    • 0.17 lot acres
    For Sale
    View listing
    $179,000
    Last Sale
    Sep 02, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0231312
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vocational Rehabilitation Division / Social Service Agency / Charitable Organization
    • Art & Soul Studio / Training Center / (Bike/Boat/Book/etc) Store

    Property Details for 822 Forest Dr

    Year built
    1966
    Lot size
    0.17 lot acres
    Property size
    2,250 SF
    Property type
    Office buildings
    APN
    10-9114-26-3-00-033.00
    APU
    1091142630003300

    Description

    This exceptional commercial property, located at 822 Forest Drive in Riverton, Wyoming, presents a fantastic opportunity for business owners seeking a well-situated space. The building boasts a generous 2,250 square feet of usable space, providing ample room for a variety of commercial ventures. Situated on a conveniently sized 0.17-acre lot, the property offers potential for expansion or outdoor use, depending on business needs. The building's address, 822 Forest Drive, places it within easy reach of Riverton's vibrant commercial district, ensuring high visibility and accessibility for customers and employees. The asking price of $179,000 represents a compelling investment opportunity in a thriving Wyoming community. The property's classification as "General Commercial" allows for a wide range of potential uses, making it an ideal choice for entrepreneurs seeking flexibility and adaptability. This property is ready for immediate occupancy and presents a rare chance to establish or expand a business in a desirable location. Serious inquiries are encouraged to explore the possibilities this property offers. The property is located in Riverton, Wyoming, and is ready for its next chapter. The 2,250 square feet of space offers a significant amount of room for a variety of business uses. The 0.17-acre lot provides ample space for outdoor activities or potential expansion. Don't miss this chance to own a piece of Riverton's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverton
    County
    Fremont
    State
    Wyoming
    Longitude
    -108.38
    Latitude
    43.0325
    CBSA code
    40180
    CBSA name
    RIVERTON, WY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,022
    $1,759
    $11,310
    $13,069
    -
    $18,513
    $119,053
    $137,566

    Comparable in this City

    • Value Estimation by Request
      1,183 SF

      202 6th E St

      OFFICE BUILDING • 1,183 SF
      202 6th E St, Riverton, WY 82501
      View Details
    • Value Estimation by Request
      1,424 SF

      405 7th E St

      OFFICE BUILDING • 1,424 SF
      405 7th E St, Riverton, WY 82501-4725
      View Details
    • Value Estimation by Request
      2,000 SF

      407 Adams Ave

      OFFICE BUILDING • 2,000 SF
      407 Adams Ave, Riverton, WY 82501-4112
      View Details
    • Value Estimation by Request
      1,374 SF

      321 Broadway Ave

      OFFICE BUILDING • 1,374 SF
      321 Broadway Ave, Riverton, WY 82501-3544
      View Details
    • Value Estimation by Request
      1,410 SF

      303 Broadway Ave

      OFFICE BUILDING • 1,410 SF
      303 Broadway Ave, Riverton, WY 82501-3544
      View Details
    • Value Estimation by Request
      638 SF

      214 Broadway Ave

      OFFICE BUILDING • 638 SF
      214 Broadway Ave, Riverton, WY 82501-3543
      View Details

    Similar Nearby for Sale

    • $475,000
      4,576 SF

      Downtown Riverton Commercial Building

      Remodeled 4,576 sq ft building on a highly visible corner.
      324 E Washington Ave, Riverton, WY 82501
      View Details
    • $295,000
      0.11 Acres

      Riverton Office Building with Finishes

      Office building featuring solid doors, wood finishes, and spacious basement.
      103 N 5Th St E, Riverton, WY 82501
      View Details
    • $347,500
      0.93 Acres

      Riverton Office Building with Development Potential

      Versatile commercial building suitable for office, medical, or residential use.
      1430 Riverview Rd, Riverton, WY 82501
      View Details
    • $300,000
      2.70 Acres

      Riverton Commercial Building with Shop

      Heated shop and office building on 2.7 acres.
      50 Dalley Rd, Riverton, WY 82501
      View Details
    • $449,000
      6,750 SF

      Riverton Office Building - Great Investment

      6,750 sq ft Office Space, Prime Location
      103 5Th St, Riverton, WY 82501
      View Details
    • $950,000
      15,700 SF

      Riverton Commercial Property

      Prime Riverton location, 15,700 sq ft.
      801 Main St, Riverton, WY 82501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    822 Forest Dr
    Riverton, WY 82501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.