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    905 West Spruce Street Rawlins , WY 82301
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    905 West Spruce Street Rawlins , WY 82301

    View on Map
    • Investment properties
    • 3,362 SF
    • 0.60 lot acres
    For Sale
    $485,000
    View Listing →
    Rawlins Motor Inn: 28 Rooms For Sale
    $485,000
    10,533 SF

    Rawlins Motor Inn: 28 Rooms

    Wyoming hotel with 28 rooms and land. Great investment opportunity.

    905 West Spruce Street, Rawlins, WY 82301
    View Listing
    Property ID
    US95-0076139
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 905 West Spruce Street

    Year built
    1947
    Lot size
    0.60 lot acres
    Property size
    3,362 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    21871731700600
    APU
    21871731700600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rawlins
    County
    Carbon
    State
    Wyoming
    Longitude
    -107.247
    Latitude
    41.7895

    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
    $1,826
    $7,867
    $23,356
    $31,223
    -
    $82,809
    $245,851
    $328,660

    Comparable in this City

    • Value Estimation
      $1,440,000
      34,848 SF

      Rawlins, WY 82301

      OFFICE/RESIDENTIAL (MIXED USE) • 34,848 SF
      Rawlins, WY 82301
      View Details
    • Value Estimation by Request
      2,865 SF

      408 Cedar St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,865 SF
      408 Cedar St, Rawlins, WY 82301-5637
      View Details
    • Value Estimation by Request
      2,563 SF

      701 Spruce St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,563 SF
      701 Spruce St, Rawlins, WY 82301-5437
      View Details
    • Value Estimation
      $505,000
      3,954 SF

      116 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,954 SF
      116 4th St, Rawlins, WY 82301-5629
      View Details
    • Value Estimation by Request
      8,160 SF

      102 Cedar St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,160 SF
      102 Cedar St, Rawlins, WY 82301-5736
      View Details
    • Value Estimation by Request
      2,867 SF

      1507 Spruce St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,867 SF
      1507 Spruce St, Rawlins, WY 82301-5219
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Rawlins Land For Sale

      Land available in Rawlins, Wyoming.
      2380 E Cedar St, Rawlins, WY 82301
      View Details
    • $248,800
      155.46 Acres

      Wyoming Land Near Fort Steele

      155+ acre Wyoming land opportunity near historic Fort Steele.
      Tbd County Rd 347, Fort Steele, WY 82301
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    • $60,000
      80.00 Acres

      Vacant Land Near Rawlins, WY

      80 acres of vacant land near Rawlins, Wyoming.
      2 Buzzard Rd, Rawlins, WY 82301
      View Details
    • Contact for pricing
      3,394 SF

      1800 E Cedar St, Rawlins, WY 82301

      Conventional restaurants • 3,394 SF
      1800 E Cedar St, Rawlins, WY 82301
      View Details
    • Contact for pricing

      Rawlins Land Near I-80

      1.31 acres of commercial land near I-80.
      2380 E Cedar St, Rawlins, WY 82301
      View Details
    • $485,000
      10,533 SF

      Rawlins Motor Inn: 28 Rooms

      Wyoming hotel with 28 rooms and land. Great investment opportunity.
      905 West Spruce Street, Rawlins, WY 82301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces in Anchored Center

      Retail spaces available in Dollar Tree/Family Dollar anchored center.
      1016 W Spruce St, Rawlins, WY 82301
      View Details
    • Contact for pricing
      2,860 SF

      Turn Key Restaurant with Drive-Thru

      2,860 SF restaurant with drive-thru on 0.9 acre lot.
      2510 East Cedar St, Rawlins, WY 82301
      View Details
    View Listing
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    Rawlins , WY 82301
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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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