Office-Shop Flex
For Sale
Contact for pricing
1570 East Yellowstone Highway, Casper, WY 82601
Block-built facility combining private office space, reception, and shop space for service-oriented operations.
Property Size3,216 SF
Price / SF$155.47
Days on Market58
Property Features for 1570 East Yellowstone Highway
General Information
Standard status
Active
Size
3,216 SF
Property subtype
Office, Industrial
Building Details
Year Built
1952
Listing Agency:
Coldwell Banker Commercial The Legacy Group
(307) 315-6161
Listed By:
Tommy Russell · License #RE-14342
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 5 at 11:37AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.0k | $17.40 |
| − Vacancy | −$8.4k | −$2.61 |
| EGI | $47.6k | $14.79 |
| − OpEx | −$11.9k | −$3.70 |
| NOI | $35.7k | $11.09 |
3,216 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$509.6K
$445.9K – $594.6K
NOI $35,673 @ 7.0% cap · market cap 7.13%
Second Best
Retail
$408.3K
$357.3K – $476.4K
NOI $28,581 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$718.0K
$628.3K – $837.7K
NOI $50,262 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,585
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
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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 East Yellowstone Highway 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
