5113 Ridge RdCheyenne, WY 82009

Property Details for 5113 Ridge Rd

Year built

1978

Lot size

0.37 AC

Property size (Sq ft)

7,315 SF

Zone code

MU

Property type

Office buildings

APN

14048000200050

APU

14048000200050

Description

This exceptional 474-square-foot office space is located on the second floor of a well-maintained building at 5113 Ridge Rd #7, Cheyenne, Wyoming 82009. The building, constructed in 1978 and extensively renovated in 2023, offers a blend of classic charm and modern functionality. This single-tenant space is perfect for a small business or professional seeking a comfortable and efficient workspace. The unit includes a convenient sink. The monthly rent of $700 is a gross lease, meaning utilities, snow removal, and cleaning services are included, minimizing operational overhead. Shared amenities include men's and women's restrooms on each floor, and a small common area on each floor for added convenience. The building's total square footage is 7,125, spread across two stories, indicating a well-proportioned and manageable building size. This property presents a fantastic opportunity for a business seeking a move-in ready office space in a desirable Cheyenne location. The property is classified as Retail and Office, with a Traditional Office subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $1,747,735

  6.5%

  $1,613,294

  7%

  $1,498,058

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,920,830

  Geo Method

  $604,365

• Alternative Use

  Use

  Valuation

  Residential

  $2,000,484

  Hospitality

  $1,832,433

  Educational

  $1,524,563

  Medical

  $1,576,995

  Retail

  $2,371,542

Location Insight

City

Cheyenne

County

Laramie

State

Wyoming

Latitude

41.1652

Longitude

-104.768

CBSA code

16940

CBSA name

CHEYENNE, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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