Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings
    (307) 262-4372
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Commercial Sale
    • Land

    Listings

    For Sale (16)

    View map
    Downtown Casper Office Building Opportunity
    $1,950,000

    Downtown Casper Office Building Opportunity

    Prime downtown office building with parking and expansion potential.

    201 N Wolcott St, Casper, WY 82601
    View details
    Casper, WY Residential Land
    $55,000
    40.58 Acres

    Casper, WY Residential Land

    40 acre residential lot ready for your dream property.

    460 Bb Brks, Casper, WY 82601
    View details
    Casper, WY Commercial Land
    $315,000
    7.12 Acres

    Casper, WY Commercial Land

    7.12 acres of light industrial land with I-25 access.

    N Poplar St, Casper, WY 82601
    View details
    Residential Lots Package in Bar Nunn
    $80,000
    1.84 Acres

    Residential Lots Package in Bar Nunn

    Four residential lots totaling 1.84 acres in Bar Nunn.

    1995 Palomino Ave, Bar Nunn, WY 82601
    View details
    Casper, WY Commercial Land
    $686,000
    15.77 Acres

    Casper, WY Commercial Land

    15.77 acres of light industrial land with easy access.

    N Poplar St, Casper, WY 82601
    View details
    Casper, WY Commercial Land
    $2,000,000
    47.05 Acres

    Casper, WY Commercial Land

    47.05 acres of land with easy I-25 access.

    47.05 Ac Amoco Rd St, Casper, WY 82601
    View details
    Prime Commercial Lot I-25 Frontage
    $885,000
    0.67 Acres

    Prime Commercial Lot I-25 Frontage

    High-visibility 0.67-acre commercial lot near I-25 in Casper, WY.

    450 W F St, Casper, WY 82601
    View details
    Casper Agricultural Land For Sale
    $55,000
    35.85 Acres

    Casper Agricultural Land For Sale

    35.85-acre urban agriculture parcel, 20 minutes from downtown Casper.

    5577 Open Range Rd, Casper, WY 82601
    View details
    Wyoming Agricultural Land Opportunity
    $104,000
    71.80 Acres

    Wyoming Agricultural Land Opportunity

    71.8 acres of Wyoming land, ideal for various uses.

    9800 Cowboy Way, Casper, WY 82601
    View details
    Casper, WY Commercial Land
    $265,000
    0.50 Acres

    Casper, WY Commercial Land

    Half-acre commercial land in high-traffic area suitable for various businesses.

    3410 Eagle Dr, Casper, WY 82604
    View details
    4200 SF Warehouse/Shop in Casper
    $330,000
    4,200 SF

    4200 SF Warehouse/Shop in Casper

    4200 SF warehouse/shop with loft space in Casper, WY.

    540 E C St, Casper, WY 82601
    View details
    Glenrock Commercial Land on I-25
    $499,000
    8.80 Acres

    Glenrock Commercial Land on I-25

    8.8 acres of commercial land with I-25 access.

    1000 Deer Creek Rd, Glenrock, WY 82637
    View details
    Commercial Shop in Casper, WY
    $899,999
    9,600 SF

    Commercial Shop in Casper, WY

    9,600 sq/ft commercial shop on 1 acre near I-25.

    635 N Glenn Rd, Casper, WY 82601
    View details
    Commercial Land in Bar Nunn
    $295,000
    3.41 Acres

    Commercial Land in Bar Nunn

    3.41 acres of commercial land in central Bar Nunn.

    3.14 Ac Pr, Bar Nunn, WY 82601
    View details
    Glenrock Commercial Building with Condos
    $915,000
    1.05 Acres

    Glenrock Commercial Building with Condos

    Renovated commercial building featuring retail, shop space, and condos.

    803 W Birch St, Glenrock, WY 82637
    View details
    Versatile Commercial Building with Shop
    $362,500

    Versatile Commercial Building with Shop

    Commercial building with office, showroom, shop space, and alley access.

    1239 S Elk St, Casper, WY 82601
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Real Estate Leaders
    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.
    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
    Real Estate Leaders
    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!