Office-Shop Flex
For Sale
$500,000
1570 E Yellowstone Hwy, Casper, WY 82601
Block-built facility combining private office space, reception, and shop space for service-oriented operations.
Property Size3,200 SF
Price / SF$156.25
Days on Market130
Property Features for 1570 E Yellowstone Hwy
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Industrial
Building Details
Year Built
1952
Listing Agency:
Coldwell Banker Commercial The Legacy Group
Listed By:
Tommy J Russell · License #RE-14342
(307) 267-7606
Source:
Commercialcafe
Added: Jun 16
Changed: Oct 19
Last Checked: Oct 23 at 3:40AM
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 Coldwell Banker Commercial The Legacy Group
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Investment Insights
Based on property information with market context.
This for-sale commercial property totals 3,216 square feet and is constructed of durable block construction. Built in 1952, it offers a practical mix of office and operational shop space, including two private offices and a reception area, along with functional shop space designed to support day-to-day service activity.
Located on one of Casper’s most established commercial corridors, the building’s long operating history ties it closely to automotive and service-related uses. The layout and improvements reflect that proven business function, making it well-suited for operators seeking an existing office-and-shop configuration in a long-standing commercial setting.
For owner-users, the combination of reception and multiple offices alongside shop space can support businesses that need both customer-facing space and a dedicated work area. For buyers evaluating an automotive or service-aligned asset, the building’s established role in that market, along with its ready-to-occupy office/shop arrangement, provides a straightforward starting point for the next use of the property.
Located on one of Casper’s most established commercial corridors, the building’s long operating history ties it closely to automotive and service-related uses. The layout and improvements reflect that proven business function, making it well-suited for operators seeking an existing office-and-shop configuration in a long-standing commercial setting.
For owner-users, the combination of reception and multiple offices alongside shop space can support businesses that need both customer-facing space and a dedicated work area. For buyers evaluating an automotive or service-aligned asset, the building’s established role in that market, along with its ready-to-occupy office/shop arrangement, provides a straightforward starting point for the next use of the property.
Key Highlights
- 3,200 SF block‑built commercial facility built in 1952 on an established commercial corridor in Casper
- Includes two private offices and a reception area
- Functional shop space historically used for automotive and service‑related businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,496
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,920
$709.9K
Cap Rate 7%
$507,086
$507.1K
Cap Rate 9%
$394,400
$394.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$55.7K $17.40/SF
− Vacancy
−$8.4K −$2.61/SF
EGI
$47.3K $14.79/SF
− OpEx
−$11.8K −$3.70/SF
NOI
$35.5K $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 Rate 5%
$709,920
Cap Rate 7%
$507,086
Cap Rate 9%
$394,400
Alternative Uses
Best Use
Office B
$507.1K
$443.7K – $591.6K
NOI $35,496 @ 7.0% cap · market cap 7.10%
Second Best
Flex RnD
$262.5K
$229.7K – $306.3K
NOI $18,378 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$714.5K
$625.2K – $833.5K
NOI $50,012 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Block-built facility combining private office space, reception, and shop space for service-oriented operations.
Where is this flex space located?
The property is located at 1570 E Yellowstone Hwy Casper, WY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,200 SF block‑built commercial facility built in 1952 on an established commercial corridor in Casper; Includes two private offices and a reception area; Functional shop space historically used for automotive and service‑related businesses
