Historic Mixed-Use
For Sale
$1,280,000
137 E 2nd Street, Casper, WY 82601
Three open levels and elevator access allow for varied commercial configurations.
Property Size8,850 SF
Price / SF$144.63
Days on Market212
Property Features for 137 E 2nd Street
General Information
Standard status
Active
Size
8,850 SF
Property subtype
Commercial Building
Zoning
C3
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$3,325
Amenities
elevator access
direct connection to downtown parking garage
bi-folding windows
upgraded lighting
private bathroom
Building Details
Building Size
8,850 SF
Year Built
1914
Buildings
1
Listing Agency:
RE/MAX The Group
Listed By:
Charlie Shopp · License #2830
(307) 262-1666
Source:
Blacktreerealty
Added: Apr 2
Changed: Oct 27
Last Checked: Oct 26 at 10:20AM
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
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Investment Insights
Based on property information with market context.
Built in 1914, this mixed-use property has a 26' x 100' footprint and three open levels, plus a 1,050 SF floating loft. The main floor features 14' ceilings, exposed brick, original hardwood flooring, bi-folding windows at the front, and updated lighting. Elevator service connects the levels, and the building links directly to a downtown parking garage. The upper floor includes a private bathroom and east-facing windows that are currently covered. C3 zoning supports a range of commercial configurations, including single- or multi-tenant occupancy.
The lower level offers storage and durable finishes. The property is located in downtown Casper and within an Opportunity Zone.
The lower level offers storage and durable finishes. The property is located in downtown Casper and within an Opportunity Zone.
Key Highlights
- 26' x 100' footprint with three open levels and a 1,050 SF floating loft
- 1914 construction
- 14' ceilings, exposed brick, and original hardwood flooring on the main level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,652
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,040
$1.6M
Cap Rate 7%
$1,123,600
$1.1M
Cap Rate 9%
$873,911
$873.9K
Market Conditions
NOI Build-Up for 8,850 SF
Gross rent
$122.1K $13.80/SF
− Vacancy
−$9.8K −$1.10/SF
EGI
$112.4K $12.70/SF
− OpEx
−$33.7K −$3.81/SF
NOI
$78.7K $8.89/SF
Area
Natrona County, WY
Vacancy
8.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,040
Cap Rate 7%
$1,123,600
Cap Rate 9%
$873,911
Alternative Uses
Best Use
Retail
$1.12M
$983.2K – $1.31M
NOI $78,652 @ 7.0% cap · market cap 6.14%
Second Best
Mixed Use
$970.0K
$848.8K – $1.13M
NOI $67,902 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,315 @ 7.0% cap · market cap 10.81%
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
Location Intelligence
Trade Area within ½ mile
2,401
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 34%
Home Improvements & Furnishings 9%
Dickey's Barbecue Pit
Dining
4,286 visits/mo
0.3 miles
First Interstate Bank
Shops & Services
3,126 visits/mo
0.3 miles
U.S. Bank
Shops & Services
2,988 visits/mo
0.2 miles
Wells Fargo
Shops & Services
2,549 visits/mo
0.3 miles
SUBWAY
Dining
2,436 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three open levels and elevator access allow for varied commercial configurations.
Where is this mixed-use property located?
The property is located at 137 E 2nd Street Casper, WY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: 26' x 100' footprint with three open levels and a 1,050 SF floating loft; 1914 construction; 14' ceilings, exposed brick, and original hardwood flooring on the main level
