Warehouse with Showroom and
For Sale
$1,664,750
150 N Walsh, Casper, WY 82601
Heated warehouse with dock-high loading, fenced yard, and paved parking, plus a showroom and office space.
Property Size14,800 SF
Days on Market91
Property Features for 150 N Walsh
General Information
Standard status
Active
Size
14,800 SF
Property subtype
Commercial
Zoning
COMMERCIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
24 ft
Dock-High Doors
2
Taxes and HOA fees
Annual Taxes
$7,056
Amenities
Commercial
City
Rocky Mountain Power
220V Electricity
Central Air
Forced Air Gas
no
6326
24 Foot or More
yes
Aluminum/Steel
Steel, Stucco
43560
Concrete
Steel
14 Foot or More
Restrooms
20+
1
10000 - 19999
14800
Building Details
Building Size
14,800 SF
Year Built
1976
Buildings
1
Listing Agency:
CBC Cornerstone Real Estate
(307) 259-8004
Listed By:
Justin and Charlotte Putzier
(307) 259-8004
Source:
Mycasperhome.idxbroker
Added: May 28
Changed: Aug 23
Last Checked: Aug 26 at 5:24AM
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.
This for-sale commercial building includes a heated warehouse with 24-foot ceilings and two overhead dock-high doors for loading and receiving. The property also features a dedicated showroom area and accompanying office space to support customer-facing and administrative needs, with the building reported to be in great condition inside and out. Updates include forced-air gas heating and 220V power.
Outside, the site offers a fenced yard and paved parking for convenient access and staging.
Internally, the layout combines warehouse depth with a sizable showroom and office portion, providing flexible space for businesses that need both operations and on-site presentation.
Outside, the site offers a fenced yard and paved parking for convenient access and staging.
Internally, the layout combines warehouse depth with a sizable showroom and office portion, providing flexible space for businesses that need both operations and on-site presentation.
Key Highlights
- Over 14,800 SF heated warehouse space with 24‑foot ceilings
- Two overhead dock‑high doors for loading and receiving
- 5,000 SF showroom plus 1,326 SF office space
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
$131,531
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
7.90%
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%
$2,630,620
$2.6M
Cap Rate 7%
$1,879,014
$1.9M
Cap Rate 9%
$1,461,456
$1.5M
Market Conditions
NOI Build-Up for 14,800 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
$204.2K $13.80/SF
− Vacancy
−$16.3K −$1.10/SF
EGI
$187.9K $12.70/SF
− OpEx
−$56.4K −$3.81/SF
NOI
$131.5K $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 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%
$2,630,620
Cap Rate 7%
$1,879,014
Cap Rate 9%
$1,461,456
Alternative Uses
Best Use
Office B
$2.35M
$2.05M – $2.74M
NOI $164,169 @ 7.0% cap · market cap 9.86%
Second Best
Retail
$1.88M
$1.64M – $2.19M
NOI $131,531 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$3.30M
$2.89M – $3.86M
NOI $231,306 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
2
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Under-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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Heated warehouse with dock-high loading, fenced yard, and paved parking, plus a showroom and office space.
Where is this flex space located?
The property is located at 150 N Walsh Casper, WY.
What is the asking price?
The asking price for this property is $1,664,750.
What are key features of this property?
This property features: Over 14,800 SF heated warehouse space with 24‑foot ceilings; Two overhead dock‑high doors for loading and receiving; 5,000 SF showroom plus 1,326 SF office space
