Corner Showroom and Office
For Sale
$1,500,000
1030 W Collins, Casper, WY 82601
Corner commercial building with a showroom, expansive shop area, and office spaces totaling over 10,000 square feet.
Property Size10,140 SF
Price / SF$150
Days on Market20
Property Features for 1030 W Collins
General Information
Standard status
Active
Size
10,140 SF
Property subtype
Commercial
Zoning
C2
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$4,441
Amenities
C & NW addition No. 1 and LOT 1 NW PT, Block 1 of CROSSROADS PLAZA, City of Casper, Natrona County,
City
115V Electricity, 220V Electricity
Other
no
1700
Under 16 Foot
Aluminum/Steel
Steel
43995
Existing-has been occupied
Under 14 Foot
20+
1
10000 - 19999
10140
Building Details
Building Size
10,140 SF
Year Built
1960
Buildings
1
Listing Agency:
(307) 259-8004
Listed By:
Justin and Charlotte Putzier
(307) 259-8004
Source:
Mycasperhome.idxbroker
Added: Jul 28
Changed: Aug 8
Last Checked: Aug 16 at 3:04AM
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 Justin and Charlotte Putzier
Investment Insights
Based on property information with market context.
This corner commercial building offers a showroom along with an expansive shop area and well-appointed office spaces. With over 10,000 square feet of total space, the property provides a versatile layout suitable for a range of commercial uses requiring both sales or display space and professional offices.
The building is located at the intersection of Collins and Poplar and is described as being steps from the downtown Casper area, with high visibility and accessibility. It is also positioned near Three Crowns Golf Course and at the gateway to the Old Yellowstone District, adding convenience for local traffic and neighborhood access.
The building is located at the intersection of Collins and Poplar and is described as being steps from the downtown Casper area, with high visibility and accessibility. It is also positioned near Three Crowns Golf Course and at the gateway to the Old Yellowstone District, adding convenience for local traffic and neighborhood access.
Key Highlights
- Corner commercial building with showroom, expansive shop area, and office spaces totaling 10,140 SF (excluding decks).
- One building on a 43,995 SF lot; total building size listed as 10,000–19,999 SF.
- Office area includes 1,700 SF and ceiling height under 16 ft.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$110,925
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,218,500
$2.2M
Cap Rate 7%
$1,584,643
$1.6M
Cap Rate 9%
$1,232,500
$1.2M
Market Conditions
NOI Build-Up for 10,000 SF
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.
Gross rent
$174.0K $17.40/SF
− Vacancy
−$26.1K −$2.61/SF
EGI
$147.9K $14.79/SF
− OpEx
−$37.0K −$3.70/SF
NOI
$110.9K $11.09/SF
Area
Natrona County, WY
Vacancy
15.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,218,500
Cap Rate 7%
$1,584,643
Cap Rate 9%
$1,232,500
Alternative Uses
Best Use
Office B
$1.58M
$1.39M – $1.85M
NOI $110,925 @ 7.0% cap · market cap 7.40%
Second Best
Retail
$1.27M
$1.11M – $1.48M
NOI $88,872 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,288 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,382
Businesses Nearby
Balanced
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Showroom - Corner commercial building with a showroom, expansive shop area, and office spaces totaling over 10,000 square feet.
Where is this showroom located?
The property is located at 1030 W Collins Casper, WY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Corner commercial building with showroom, expansive shop area, and office spaces totaling 10,140 SF (excluding decks).; One building on a 43,995 SF lot; total building size listed as 10,000–19,999 SF.; Office area includes 1,700 SF and ceiling height under 16 ft.
