2035 Westland RdCheyenne, WY 82001

Property Details for 2035 Westland Rd

Year built

1981

Lot size

0.36 AC

Property size (Sq ft)

5,200 SF

Zone code

CB

Property type

Office buildings

APN

19241000000032

APU

19241000000032

Description

This exceptional Cheyenne, Wyoming commercial property, located at 2035 Westland Rd, presents a unique investment opportunity. The 5,200 square foot building, constructed in 1981, sits on a 0.36-acre lot and offers a versatile blend of retail and office space, ideal for a variety of businesses. Currently configured as a storefront and executive office space, the property features a large conference room capable of accommodating up to twelve individuals. Additional office and storage space is available on a second floor, providing ample room for expansion or diverse operational needs. The property is a single-tenancy building, available for occupancy early 2023, and is offered at an asking price of $1,400,000, translating to a price per square foot of $269.23. The lease type is NNN (Net, Net, Net). This prime location on Westland Road in Laramie County, Wyoming (zip code 82001) offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the Cheyenne market. The property's one-story design provides convenient access and functionality. This is a rare opportunity to acquire a well-situated and versatile commercial property in a thriving Wyoming community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,242,409

  6.5%

  $1,146,839

  7%

  $1,064,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,365,457

  Geo Method

  $429,624

• Alternative Use

  Use

  Valuation

  Residential

  $1,422,080

  Hospitality

  $1,302,618

  Educational

  $1,083,763

  Medical

  $1,121,035

  Retail

  $1,685,853

Location Insight

City

Cheyenne

County

Laramie

State

Wyoming

Latitude

41.1287

Longitude

-104.84

CBSA code

16940

CBSA name

CHEYENNE, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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