Sheridan County · Sheridan
Sell Your Commercial Property In Sheridan, WY
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Sheridan and across Sheridan County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Downtown Sheridan · Big Horn · Ranchester · Dayton — Sheridan County, WY
Why Sheridan
Why We Buy Multifamily In Sheridan
Sheridan, on the eastern slope of the Big Horn Mountains, draws renters from Sheridan Memorial Hospital, the Sheridan VA Medical Center and Sheridan College. ACS 2020-2024 counts 19,285 residents, 3,258 renter households and 1,299 homes in buildings of five or more units.
Owners who sell commercial property in Sheridan, WY meet buyers who start with vacancy and taxes. Rental vacancy is 2.3%, against 6.0% statewide. HUD's FY2027 two-bedroom fair market rent is $1,168. Wyoming taxes apartments on 9.5% of market value, so a $2,000,000 building carries $190 per mill.
Hospital and VA campus
Sheridan Memorial Hospital has 88 beds and 850-plus employees; the Sheridan VA Medical Center sits on Fort Road.Sheridan College
Its district, Northern Wyoming Community College District, enrolled 3,534 undergraduates in fall 2024, per NCES College Navigator.Hospitality payroll
Sheridan County averaged 1,327 accommodation and food services jobs in 2024, per Wyoming Workforce Services.Our Buy Box
What We Buy In Sheridan
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Sheridan Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Sheridan
Sheridan has 3,258 renter households, 37.9% of its 8,601 occupied homes, per ACS 2020-2024 table B25003.
Sheridan has 1,299 homes in buildings of five or more units, 14.4% of 9,016 units, per table B25024. That is 97.8% of Sheridan County's 1,328 such homes. The median Sheridan home was built in 1978, and 52.3% predate 1980, per table B25034.
Owners who sell commercial real estate in Sheridan, WY should expect buyers to price roof, boiler and plumbing age into offers.
Rents and affordability in Sheridan
Median gross rent in Sheridan was $936 a month in ACS 2020-2024, against $992 statewide. Median household income was $62,867, so a year of median rent equals 17.9% of income.
Rental vacancy in Sheridan was 2.3% over 2020-2024, against 6.0% statewide. In Sheridan, 45.5% of renter households pay 30% or more of income on housing, per table B25070.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $887 |
| 1 bedroom | $893 |
| 2 bedroom | $1,168 |
| 3 bedroom | $1,392 |
| 4 bedroom | $1,952 |
Source: HUD FMR documentation for Sheridan County, WY, effective October 1, 2026.
Property taxes in Sheridan County
Wyoming taxes apartments on 9.5% of fair market value under W.S. 39-11-101. A $2,000,000 Sheridan building has a $190,000 taxable value, so each mill costs $190 a year.
Statute sets 25 school district mills and requires 6 county school mills, per the Legislative Service Office's June 2025 memo. Those 31 mills cost $5,890 a year on the $2,000,000 example.
Under W.S. 39-13-107, half the tax is payable on and after November 10 and half on and after May 10. When you sell commercial property in Sheridan, WY, buyers underwrite taxes from the $190 per-mill figure.
Landlord rules in Wyoming
Deposits go back within 30 days after a lease ends under W.S. 1-21-1208. The deadline becomes 15 days after receiving the renter's new address if that is later.
W.S. 1-21-1002 allows a forcible entry and detainer action once rent is three days past due. W.S. 1-21-1003 requires a written notice to quit served at least three days before filing. Buyers ask for deposit ledgers when selling commercial property in Sheridan.
What this means for an owner in Sheridan
Private health care and social assistance averaged 1,466 Sheridan County jobs in 2024, per Wyoming Workforce Services. Buyers price that payroll when you sell commercial property in Sheridan, WY.
The median Sheridan owner-occupied home is worth $340,600, against $309,700 statewide. If you plan to sell your apartment building in Sheridan, run your numbers through our cap rate calculator. Our seller page explains how Skyline Capital Investments buys 5+ unit apartment buildings in Downtown Sheridan and nearby Big Horn.
Local Knowledge
What Shapes A Sheridan Offer
More about selling in Wyoming →Investing in Sheridan? See apartment syndications in Sheridan →
- ACS figures are 2020-2024 five-year estimates for Sheridan, Sheridan County and Wyoming.
- Owners who sell commercial real estate in Sheridan, WY can point buyers to 2.3% rental vacancy.
- The tax example applies 31 statutory school mills to 9.5% of $2,000,000, giving $5,890.
Seller Guides
Your Situation, Handled — Sheridan
Learn More
Taxes & Rules For Sheridan Property
The Wyoming rules that shape any deal in Sheridan: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Sheridan Seller FAQ
How do I sell commercial property in Sheridan, WY?
Start with a rent roll, twelve months of operating statements and the latest Sheridan County tax bill. Buyers compare occupancy with Sheridan's 2.3% rental vacancy and rents with HUD's $1,168 two-bedroom benchmark. Deposit ledgers matter, since W.S. 1-21-1208 sets return deadlines.
How much are property taxes on a Sheridan apartment building?
Wyoming taxes apartments on 9.5% of fair market value. A $2,000,000 Sheridan building has a $190,000 taxable value, so each mill costs $190 a year. Statutory school levies of 31 mills alone total $5,890. Half the tax is payable on and after November 10.
What do buyers look at when I sell commercial real estate in Sheridan, WY?
Vacancy and age come first. Sheridan rental vacancy was 2.3% in ACS 2020-2024, against 6.0% statewide. The median Sheridan home was built in 1978, and 52.3% predate 1980. Rent burden matters too: 45.5% of Sheridan renters pay 30% or more of income.
How quickly can a Wyoming landlord file for unpaid rent?
Under W.S. 1-21-1002, a landlord may bring forcible entry and detainer once rent is three days late. W.S. 1-21-1003 requires a written notice to quit at least three days before filing. Deposit refunds are due within 30 days of the lease ending.
What should I know before I sell multifamily property in Sheridan?
Know the competing stock. Sheridan has 1,299 homes in 5+ unit buildings, 97.8% of Sheridan County's 1,328, per ACS 2020-2024. Median gross rent is $936, below Wyoming's $992. A year of median rent equals 17.9% of Sheridan's $62,867 median household income.
Do I need to fix up my Sheridan building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Can I sell my Sheridan apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Is it possible to sell rental property in Sheridan without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Sheridan?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
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Have A Property In Sheridan?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
