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    Property profile & analytics

    850 Broadway Ave Jackson, WY 83001-8647

    • Strip malls
    • 12,660 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0312171
    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

    • Tortilliea Mi Pueblo / Take-out & Catering

    Property Details for 850 Broadway Ave

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.84 lot acres
    Property size
    12,660 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    41163320000600
    APU
    41163320000600

    Description

    This exceptional commercial property, located at 850 W Broadway Avenue Unit 850 in Jackson, Wyoming, presents a unique investment opportunity. Situated just one mile from Jackson Hole's renowned Town Square, this expansive 15,086 square foot building sits on a 0.84-acre lot and commands a highly visible position just off Broadway Avenue, benefiting from significant traffic flow in both directions. Currently housing five thriving businesses, the property demonstrates established commercial viability and strong rental income potential. Its strategic location ensures high foot traffic due to its proximity to numerous amenities including banks, hotels, restaurants, fitness centers, and shopping destinations. The flexible floor plan offers unparalleled adaptability, making it suitable for a diverse range of commercial uses, from retail and office spaces to restaurants or a mixed-use development. The asking price for this significant commercial asset is $15,000,000. This property represents a rare chance to acquire a substantial and well-positioned commercial holding in the heart of Jackson Hole's vibrant business district. The scale and location make it an ideal investment for those seeking a high-return opportunity in a thriving market. The existing businesses provide immediate income potential, while the adaptable layout allows for future expansion and diversification.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $565,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $605,000
      WAREHOUSE, STORAGE
      $520,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Teton
    State
    Wyoming
    Longitude
    -110.781
    Latitude
    43.4734
    CBSA code
    27220
    CBSA name
    JACKSON, WY-ID 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
    2023
    $41,471
    $342,527
    $395,007
    $737,534
    -
    $3,605,545
    $4,157,970
    $7,763,515

    Comparable in this City

    • Value Estimation
      $575,000
      15,814 SF

      150 Scott Ln

      SHOPPING CENTER, STRIP CENTER • 15,814 SF
      150 Scott Ln, Jackson, WY 83001-8467
      View Details
    • Value Estimation by Request
      8,456 SF

      85 Deloney Ave

      SHOPPING CENTER, STRIP CENTER • 8,456 SF
      85 Deloney Ave, Jackson, WY 83001-8717
      View Details
    • Value Estimation by Request
      6,757 SF

      975 Alpine Ln

      SHOPPING CENTER, STRIP CENTER • 6,757 SF
      975 Alpine Ln, Jackson, WY 83001-8604
      View Details
    • Value Estimation
      $750,000
      12,339 SF

      1130 Us Hwy 89

      SHOPPING CENTER, STRIP CENTER • 12,339 SF
      1130 Us Hwy 89, Jackson, WY 83001
      View Details
    • Value Estimation by Request
      8,400 SF

      984 Broadway Ave

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      984 Broadway Ave, Jackson, WY 83001-8649
      View Details
    • Value Estimation by Request
      12,140 SF

      475 Broadway Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 12,140 SF
      475 Broadway Ave, Jackson, WY 83001-8639
      View Details

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    850 Broadway Ave
    Jackson, WY 83001-8647
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    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
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