Cheyenne, WY
Commercial Real Estate Market Trends & Data

$193 Avg asking sale price
$15 Avg asking lease rate
13,076 SF Avg unit lease size
25,304 SF Avg building size for sale
7.77% Average cap rate

Cheyenne's Demographic Profile

Cheyenne has 28,590 households and a median income of $63,308, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 65,997
# Households 28,590
Median age 39
Median household income $63,308
Avg household size 2.0
Renter-occupied housing units 10,431
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Cheyenne, WY

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Cheyenne $198 25,162 SF 10.93%
Fort Collins $262 9,227 SF 8.95%
Laramie $213 23,200 SF 7.03%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Cheyenne $181 15,577 SF 7.21%
Pine Bluffs $17 97,680 SF 10.43%
Nunn $186 34,600 SF 8.27%
Wellington $218 15,095 SF 7.22%
Nearby Retail Markets Avg Cost/SF Typical Size
Cheyenne $230 19,452 SF
Wellington $206 9,167 SF
Laporte $216 1,500 SF
Fort Collins $320 5,808 SF
Eaton $310 1,147 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Cheyenne $199 64,213 SF 10.93%
Laporte $243 8,130 SF 9.02%
Fort Collins $207 15,517 SF 6.09%
Greeley $130 10,624 SF 9.26%

Commercial Properties For Sale in Cheyenne

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Light Industrial

Cheyenne, WY 82007

  • 1.97 AC Lot
  • 1 Commercial Lot
  • $430,000
For Sale

Modern Flooring

Cheyenne, WY 82001

  • 8,527 SF Flex Building
  • $1,500,000
For Sale

TBD S Greeley Hwy

Cheyenne, WY 82007

  • 1.48 AC Lot
  • 1 Commercial Lot
  • $1,000,000
For Sale

TBD W College Dr

Cheyenne, WY 82007

  • 7.39 AC Lot
  • 1 Commercial Lot
  • $3,350,000
For Sale

American Warehouse

Cheyenne, WY 82007

  • 9,120 SF Industrial Building
  • $1,600,000
For Sale

1217 S Greeley Hwy

Cheyenne, WY 82007

  • 5,200 SF Office Building
  • $1,975,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Cheyenne pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Cheyenne $193 25,304 SF
Egbert $111 18,000 SF
Pine Bluffs $151 50,040 SF
Nunn $132 34,600 SF
Wellington $185 20,649 SF

Regional Demographic Comparison

This comparison places Cheyenne alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Cheyenne or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Cheyenne 65,997 28,590 39 $63,308 2 10,431 2%
Pine Bluffs 973 379 41 $55,980 3 92 -5%
Nunn 511 206 42 $84,340 3 20 13%
Wellington 11,109 3,863 35 $99,174 3 672 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Cheyenne, WY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Cheyenne

View All Commercial Real Estate For Sale in Cheyenne
Is Cheyenne a good market for a first-time commercial real estate investor?

Cheyenne offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Cheyenne?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Cheyenne. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Cheyenne?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Cheyenne. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Cheyenne compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Cheyenne. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Cheyenne acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Cheyenne, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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