Mixed-Use Property With
For Sale
Contact for pricing
1042 South David Street, Casper, WY 82601
Flexible floor plan includes private rooms, meeting areas, four bathroom areas, and off-street parking.
Property Size5,271 SF
Price / SF$113.83
Days on Market57
Property Features for 1042 South David Street
General Information
Standard status
Active
Size
5,271 SF
Property subtype
Office, Mixed Use
Zoning
R4
Amenities
hardwood floors
fireplaces
multiple gathering or meeting areas
Building Details
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
RE/MAX The Group
Listed By:
Angela Jue · License #14499
Source:
Crexi
Added: Aug 12
Changed: Sep 10
Last Checked: Oct 7 at 12:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX The Group
Investment Insights
Based on property information with market context.
Built in 1920, this 5,271-square-foot mixed-use property combines a room-rich interior with adaptable common areas. The layout includes multiple private rooms, gathering and meeting spaces, four bathroom areas, storage, and flexible work areas. Hardwood floors, two fireplaces, generously sized rooms, and five bedrooms add residential character, while a two-car garage expands the property’s functional configuration. A corner-lot setting and substantial off-street parking support practical access for occupants and visitors.
The property is located at 1042 South David Street in Casper, with access to downtown, medical facilities, shopping, schools, parks, and major routes. R4 zoning is identified in the listing. Potential professional, office, live-work, or other commercial applications should be confirmed by the buyer, including permitted uses, residential use, square footage, and any required approvals.
The property is located at 1042 South David Street in Casper, with access to downtown, medical facilities, shopping, schools, parks, and major routes. R4 zoning is identified in the listing. Potential professional, office, live-work, or other commercial applications should be confirmed by the buyer, including permitted uses, residential use, square footage, and any required approvals.
Key Highlights
- 5,271‑square‑foot mixed‑use property built in 1920
- Flexible layout with private rooms, meeting areas, storage, and work areas
- Four bathroom areas and five bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,442
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,840
$808.8K
Cap Rate 7%
$577,743
$577.7K
Cap Rate 9%
$449,356
$449.4K
Market Conditions
NOI Build-Up for 5,271 SF
Gross rent
$69.6K $13.20/SF
− Vacancy
−$4.9K −$0.92/SF
EGI
$64.7K $12.28/SF
− OpEx
−$24.3K −$4.60/SF
NOI
$40.4K $7.67/SF
Area
Natrona County, WY
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,840
Cap Rate 7%
$577,743
Cap Rate 9%
$449,356
Alternative Uses
Best Use
Office B
$835.3K
$730.9K – $974.5K
NOI $58,469 @ 7.0% cap · market cap 9.74%
Second Best
Mixed Use
$577.7K
$505.5K – $674.0K
NOI $40,442 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,379 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 82601, WY
27,180
Population
12,967
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
93%
High-School Grad
478.8 sq mi
ZIP Area
57
Density / Sq Mi
$68,526
Median Household Income
$40,658
Median Earnings
$856
Median Rent
$244,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible floor plan includes private rooms, meeting areas, four bathroom areas, and off-street parking.
Where is this mixed-use property located?
The property is located at 1042 South David Street Casper, WY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 5,271‑square‑foot mixed‑use property built in 1920; Flexible layout with private rooms, meeting areas, storage, and work areas; Four bathroom areas and five bedrooms
