1070 Colman, Bar Nunn, WY 82601

Building Details

Year Built 1982 More

Buildings 1 More

Building Size 13,500 SF More

Listing Agency: Onyx Group Realty

Listed By: Paul Wilhelm Show Phone

Source: Bridgervalleyrealty

Added: Aug 6 Changed: Nov 7 Last Checked: Nov 7 at 2:12PM

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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 Onyx Group Realty

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Investment Insights

Based on property information with market context.

Built in 1982, this flex property at 1070 Colman in Bar Nunn, Wyoming, contains approximately 12,000 square feet of shop area and 1,500 square feet of office and retail space. The shop reaches a 24-foot peak height and includes a break room, two restrooms, and elevated storage. Radiant heaters serve both sides of the shop, while the office and retail area has gas forced-air heat and central air conditioning.

Access and material handling features include four 16-foot by 14-foot overhead doors, a 12-foot by 8-foot mini overhead door, and an overhead door with a pit dock. The shop also has one 5-ton crane and one 10-ton crane. The property is zoned LIGHT INDUST.

Key Highlights

• Approximately 12,000 square feet of shop space and 1,500 square feet of office and retail area
• 24‑foot peak height in the shop
• Four 16' x 14' overhead doors and one 12' x 8' mini overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,530

Cap Rate

3.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,550,600 $1.6M

Cap Rate 7%

$1,107,571 $1.1M

Cap Rate 9%

$861,444 $861.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,500 SF

Gross rent

$128.0K $9.48/SF

− Vacancy

−$8.7K −$0.64/SF

EGI

$119.3K $8.84/SF

− OpEx

−$41.7K −$3.09/SF

NOI

$77.5K $5.74/SF

Area

Natrona County, WY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,550,600

Cap Rate 7%

$1,107,571

Cap Rate 9%

$861,444

Alternative Uses

Best Use

Flex RnD

$1.11M

$969.1K – $1.29M (±1% cap)

NOI $77,530 @ 7.0% cap · market cap 3.37%

Second Best

Warehouse

$1.10M

$958.4K – $1.28M (±1% cap)

NOI $76,671 @ 7.0% cap · market cap 3.33%

Theoretical Best

Office A

$3.01M

$2.64M – $3.52M (±1% cap)

NOI $210,989 @ 7.0% cap · market cap 9.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Lease Details

1

Dock-high doors

Location Intelligence

Trade Area within ½ mile

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Shop and customer-facing areas combine with dock access, overhead doors, and conditioned offices for varied industrial operations.

Where is this flex space located?

The property is located at 1070 Colman Bar Nunn, WY.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: Approximately 12,000 square feet of shop space and 1,500 square feet of office and retail area; 24‑foot peak height in the shop; Four 16' x 14' overhead doors and one 12' x 8' mini overhead door