Listing Agency: NAI Business Properties Show Phone

Listed By: Matt Robertson, SIOR Show Phone

Source: Moodyscre

Added: Apr 21, 2025 Changed: Oct 25 Last Checked: Oct 30 at 5:36PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This for-sale industrial warehouse/distribution facility includes a 20,230 SF building on 5.88 acres. The property is reported as 100% occupied and is described in the listing remarks as well-maintained.

The asset is located in Bar Nunn outside of Casper, Wyoming. It is presented as an industrial warehouse/distribution use opportunity.

The offering is tailored for users seeking an industrial building configuration suitable for warehouse and distribution operations, with occupancy already in place according to the provided remarks.

Key Highlights

• 20,230 SF industrial/warehouse/distribution building
• Located on 5.88 acres
• 100% occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$114,893

Cap Rate

5.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,297,860 $2.3M

Cap Rate 7%

$1,641,329 $1.6M

Cap Rate 9%

$1,276,589 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 20,230 SF

Gross rent

$140.8K $6.96/SF

− Vacancy

−$5.6K −$0.28/SF

EGI

$135.2K $6.68/SF

− OpEx

−$20.3K −$1.00/SF

NOI

$114.9K $5.68/SF

Area

Natrona County, WY

Vacancy

4.00%

Lease Rate

$6.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,297,860

Cap Rate 7%

$1,641,329

Cap Rate 9%

$1,276,589

Alternative Uses

Best Use

Warehouse

$1.64M

$1.44M – $1.91M (±1% cap)

NOI $114,893 @ 7.0% cap · market cap 5.11%

Second Best

Industrial

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,257 @ 7.0% cap · market cap 3.97%

Theoretical Best

Office A

$4.52M

$3.95M – $5.27M (±1% cap)

NOI $316,171 @ 7.0% cap · market cap 14.05%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Restaurant Auto Repair Shop Storage Facility Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

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

Similar Off Market Nearby

• Bar Nunn Storage — 1401 Sunset Blvd, Bar Nunn, WY 82601
• Best Storage Bar Nunn — 5060 Wardwell Industrial Ave Bar, Bar Nunn, WY 82601

Frequently Asked Questions

What type of property is this?

Warehouse - Well-maintained warehouse and distribution building totaling 20,230 square feet on 5.88 acres.

Where is this warehouse located?

The property is located at 1100 W Coyote Ave Bar Nunn, WY.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 20,230 SF industrial/warehouse/distribution building; Located on 5.88 acres; 100% occupancy