Flex Industrial Building with Overhead
1123 Falcon Ave Mills, WY
For Sale
$912,000
Versatile industrial/flex building on a 2-acre lot with two private offices, two restrooms, and two large overhead doors.
Property Size10,360 SF
Lot Size2.00 Acres
Price / SF$88.03
Days on Market14
Property Features for 1123 Falcon Ave
General Information
Standard status
Active
Size
10,360 SF
Lot size
2.00 Acres
Listing Agency:
RE/MAX The Group
(307) 262-1454
Listed By:
Peter Greiner · License #RE-14194
(307) 262-1454
Source:
Exprealty
Added: Jul 15
Changed: Jul 23
Last Checked: Jul 26 at 6:24PM
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.
This versatile flex/industrial building totals 10,360 square feet and sits on a 2-acre lot. The interior is set up with two private offices and two restrooms to support on-site administrative needs, while operational use is accommodated by two large overhead doors.
The property’s lot size provides outdoor space for equipment storage and parking, with room to consider future expansion based on the existing land area.
The combination of office buildout and overhead door access makes the building suitable for a range of business uses that require both workspace and flexible, practical functionality.
The property’s lot size provides outdoor space for equipment storage and parking, with room to consider future expansion based on the existing land area.
The combination of office buildout and overhead door access makes the building suitable for a range of business uses that require both workspace and flexible, practical functionality.
Key Highlights
- Versatile 10,360 SF commercial building on a 2‑acre lot
- Two private offices for administrative space
- Two restrooms
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.2k | $9.48 |
| − Vacancy | −$6.7k | −$0.64 |
| EGI | $91.5k | $8.84 |
| − OpEx | −$32.0k | −$3.09 |
| NOI | $59.5k | $5.74 |
10,360 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$850.0K
$743.7K – $991.6K
NOI $59,497 @ 7.0% cap · market cap 6.52%
Second Best
Warehouse
$840.5K
$735.5K – $980.6K
NOI $58,838 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,914 @ 7.0% cap · market cap 17.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- WyoPhilly Food Truck — 4800 Oregon Trail Rd, Mills, WY 82604
Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial/flex building on a 2-acre lot with two private offices, two restrooms, and two large overhead doors.
Where is this flex space located?
The property is located at 1123 Falcon Ave Mills, WY.
What is the asking price?
The asking price for this property is $912,000.
What are key features of this property?
This property features: Versatile 10,360 SF commercial building on a 2‑acre lot; Two private offices for administrative space; Two restrooms
