Multi-Office
For Sale
$1,450,000
123 S Durbin, Casper, WY 82609
C1-zoned office property with multiple kitchens and conference rooms.
Property Size9,010 SF
Lot Size0.29 Acres
Price / SF$160.93
Days on Market48
Property Features for 123 S Durbin
General Information
Standard status
Active
Size
9,010 SF
Total Parking Spaces
15
Lot size
0.29 Acres
Property subtype
Commercial
Zoning
C1
Amenities
kitchens
conference rooms
Building Details
Year Built
1960
Buildings
1
Building Size
9,010 SF
Listing Agency:
Cbc Cornerstone Real Estate
(307) 315-4975
Listed By:
Matthew Hawley
(307) 315-4975
Source:
Tcrwyoming
Added: Jun 19
Changed: Aug 3
Last Checked: Aug 5 at 1:51PM
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 Cbc Cornerstone Real Estate
Investment Insights
Based on property information with market context.
Built in 1960, this office building contains approximately 9,010 square feet arranged among 10 offices, multiple kitchens, and conference rooms. The configuration supports a range of professional office layouts within an established commercial property, with functional spaces for individual work, meetings, and shared use.
The property occupies a 12,600-square-foot lot at 123 S Durbin in downtown Casper, Wyoming. Its central downtown setting provides access to a high-foot-traffic area, while ample parking adds practical convenience for occupants and visitors.
The property occupies a 12,600-square-foot lot at 123 S Durbin in downtown Casper, Wyoming. Its central downtown setting provides access to a high-foot-traffic area, while ample parking adds practical convenience for occupants and visitors.
Key Highlights
- Approximately 9,010 Sq Ft of office space
- 10 offices within the building
- Multiple kitchens and conference rooms
Financial Insights For Office B
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 | $156.8k | $17.40 |
| − Vacancy | −$23.5k | −$2.61 |
| EGI | $133.3k | $14.79 |
| − OpEx | −$33.3k | −$3.70 |
| NOI | $99.9k | $11.09 |
9,010 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $99,943 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,815 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,621
Businesses Nearby
Explore this area
Business Placement
Demographics for 82609, WY
18,845
Population
9,184
Households
2.1
Avg Household Size
37
Median Age
33%
College-Educated
97%
High-School Grad
65.2 sq mi
ZIP Area
289
Density / Sq Mi
$70,902
Median Household Income
$43,256
Median Earnings
$1,043
Median Rent
$280,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C1-zoned office property with multiple kitchens and conference rooms.
Where is this office building located?
The property is located at 123 S Durbin Casper, WY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Approximately 9,010 Sq Ft of office space; 10 offices within the building; Multiple kitchens and conference rooms
