Add Listing
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

    921 17th St Cheyenne, WY 82001-4762

    • Apartment buildings
    • 24,768 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0336479
    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

    • Casa Grande Apartments / Apartment Building

    Property Details for 921 17th St

    Year built
    1973
    Construction
    FRAME
    Lot size
    0.80 lot acres
    Property size
    24,768 SF
    Zone code
    MR-1
    Property type
    Apartment buildings
    APN
    11001038000010
    APU
    11001038000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,653,000
      Market price range: $1.65M - $3.10M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,385,000
      Current use
      OFFICE BUILDING
      $2,955,000
      Change: +24% Conversion: Moderate
      RETAIL STORES
      $2,550,000
      Change: +7% Conversion: Difficult
      RESTAURANT
      $2,490,000
      Change: +4% Conversion: Difficult
      MEDICAL BUILDING
      $2,460,000
      Change: +3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,095,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.805
    Latitude
    41.1373
    CBSA code
    16940
    CBSA name
    CHEYENNE, WY METROPOLITAN 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
    $13,929
    $12,985
    $180,703
    $193,688
    -
    $136,680
    $1,902,141
    $2,038,821

    Comparable in this City

    • Value Estimation by Request
      3,456 SF

      306 20th St

      APARTMENT HOUSE (5+ UNITS) • 3,456 SF
      306 20th St, Cheyenne, WY 82001-3770
      View Details
    • Value Estimation by Request
      2,576 SF

      2510 Evans Ave

      APARTMENT HOUSE (5+ UNITS) • 2,576 SF
      2510 Evans Ave, Cheyenne, WY 82001-3109
      View Details
    • Value Estimation
      $1,470,000
      11,025 SF

      3508 Holmes St

      APARTMENT HOUSE (5+ UNITS) • 11,025 SF
      3508 Holmes St, Cheyenne, WY 82001-7902
      View Details
    • Value Estimation by Request
      5,384 SF

      2100 Van Lennen Ave

      APARTMENT HOUSE (5+ UNITS) • 5,384 SF
      2100 Van Lennen Ave, Cheyenne, WY 82001-3866
      View Details
    • Value Estimation by Request
      3,651 SF

      2008 Van Lennen Ave

      APARTMENT HOUSE (5+ UNITS) • 3,651 SF
      2008 Van Lennen Ave, Cheyenne, WY 82001-3822
      View Details
    • Value Estimation by Request
      4,295 SF

      4616 12th St

      APARTMENT HOUSE (5+ UNITS) • 4,295 SF
      4616 12th St, Cheyenne, WY 82001-6786
      View Details

    Similar Nearby for Sale

    • $365,000
      0.15 Acres

      Updated Duplex in Cheyenne, Wyoming

      Move-in ready duplex with modern updates and individual laundry units.
      2119 E 11Th St, Cheyenne, WY 82001
      View Details
    • $1,360,000
      21,307 SF

      Cheyenne Mixed-Use Opportunity

      21,307 SF mixed-use building with high visibility and parking.
      3120 Old Faithful Rd, Cheyenne, WY 82001
      View Details
    • $449,000
      0.11 Acres

      Cheyenne Triplex: Investment Opportunity

      Two-story triplex in Cheyenne, WY, offering investment potential.
      1841 Crook Ave, Cheyenne, WY 82001
      View Details
    • $315,000
      0.18 Acres

      Cheyenne Duplex: Investment Opportunity

      Well-maintained duplex near amenities and FE Warren Air Force Base.
      3205 Reed Ave, Cheyenne, WY 82001
      View Details
    • $300,000
      0.09 Acres

      Charming Duplex with Modern Updates

      Updated duplex with rental potential in Cheyenne, Wyoming.
      2013 Dunn Ave, Cheyenne, WY 82001
      View Details
    • $339,900
      0.14 Acres

      Cheyenne Duplex Near Blue FCU

      Well-maintained duplex in Cheyenne, near Blue FCU headquarters.
      2111 Garrett St, Cheyenne, WY 82001
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      20,800 SF

      Cheyenne Warehouse: 20,800 SF

      Spacious Cheyenne warehouse, ideal for contractors. Large yard available.
      1900 Cutler Rd, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      1,254 SF

      Prime Downtown Cheyenne Office Space

      High-visibility office space in the heart of Cheyenne's business district.
      1804 Capitol Ave, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      1,288 SF

      Cheyenne Retail Space For Lease

      Retail space available for lease in Cheyenne, Wyoming.
      420 Randall Ave, Cheyenne, WY 82001
      View Details
    • Contact for pricing
      5,820 SF

      Cheyenne Office Space For Lease

      Open-concept office space in Airport Parkway Building, Cheyenne, Wyoming.
      1401 Airport Pkwy, Cheyenne, WY 82001
      View Details
    • New
      Contact for pricing
      1,049 SF

      Downtown Cheyenne Office Space Rental

      Charming downtown office space with versatile rooms for lease.
      1902 Thomes Ave, Cheyenne, WY 82001
      View Details
    • $12 SF/Yr
      2,493 SF

      Office Space with Private Parking

      Two-story office building featuring private parking and ample storage.
      1315 East 21St St, Cheyenne, WY 82001
      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.
    921 17th St
    Cheyenne, WY 82001-4762
    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.
    Sign Up Successful!
    You now have access to more from Realmo!