Multi-Building Flex Industrial
For Sale
$3,500,000
1745 1749 1755 S Loop Avenue, Casper, WY 82604
A multi-building industrial complex with shop space, offices/retail areas, 14-foot doors, and secured paved storage.
Property Size33,721 SF
Lot Size4.00 Acres
Price / SF$108.02
Days on Market47
Property Features for 1745 1749 1755 S Loop Avenue
General Information
Standard status
Active
Size
33,721 SF
Lot size
4.00 Acres
Property subtype
Commercial
Zoning
COMMERCIAL
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
14
Heavy Power
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,773
Amenities
Natural Gas
None, Under 5 Ton
Lengthy- See agent comments
City
Rocky Mountain Power
220V Electricity, Three Phase
Yes
A/C Wall Unit, Heat Pump, Mini Split Cooling
Baseboard, Heat Pump, Radiant Gas, Mini Split Heating, Split Unit Heating
no
5433
16 Foot or More
yes
Chain Link
Aluminum/Steel, T-Lock
Steel, Stone
188179
Slab
Brick, Other, Steel
14 Foot or More
Fire Detectors, Kitchen Area, Living Area, Restrooms, Security System
50
3
20000 +
33721
Building Details
Building Size
33,721 SF
Year Built
1978
Buildings
3
Listing Agency:
(307) 259-8004
Listed By:
Justin and Charlotte Putzier
(307) 259-8004
Source:
Mycasperhome.idxbroker
Added: Jun 30
Changed: Aug 14
Last Checked: Aug 15 at 3:34AM
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 commercial complex includes three buildings with a mix of office/retail space and shop space, supported by multiple on-site amenities. The property features restrooms and break rooms, 3-phase power, and 14-foot loading doors. Exterior improvements include secured, fenced storage areas, with the site described as mostly paved and offering covered parking. One building, identified as 1755, will require some TLC and also includes a 1 bed, 1 bath apartment above the shop space. One of the buildings is currently leased out.
The site is positioned within the Interstate industrial park area and is described as having street frontage. The property is offered in the Casper Rural West area and includes high visibility and a paved lot configuration to support regular access and day-to-day operations.
For buyers and operators seeking a consolidated footprint, the combination of shop space plus office/retail components can support mixed-use industrial needs. Secured fenced storage and covered parking help accommodate inventory and equipment, while the 14-foot doors and 3-phase power align with typical light industrial and warehouse-style uses. The presence of an apartment above the shop space in the 1755 building may also be relevant for an operator who wants on-site residential flexibility.
The site is positioned within the Interstate industrial park area and is described as having street frontage. The property is offered in the Casper Rural West area and includes high visibility and a paved lot configuration to support regular access and day-to-day operations.
For buyers and operators seeking a consolidated footprint, the combination of shop space plus office/retail components can support mixed-use industrial needs. Secured fenced storage and covered parking help accommodate inventory and equipment, while the 14-foot doors and 3-phase power align with typical light industrial and warehouse-style uses. The presence of an apartment above the shop space in the 1755 building may also be relevant for an operator who wants on-site residential flexibility.
Key Highlights
- Industrial complex on 4+ acres with 3 buildings and total building area of 33,721 SF (excluding decks)
- Space includes approx. 5,400 SF of office/retail plus 27,000+ SF of shop space
- 14+ ft overhead doors with covered and fenced/secured paved storage areas
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
$186,073
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
5.32%
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%
$3,721,460
$3.7M
Cap Rate 7%
$2,658,186
$2.7M
Cap Rate 9%
$2,067,478
$2.1M
Market Conditions
NOI Build-Up for 32,400 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
$307.2K $9.48/SF
− Vacancy
−$20.9K −$0.64/SF
EGI
$286.3K $8.84/SF
− OpEx
−$100.2K −$3.09/SF
NOI
$186.1K $5.74/SF
Area
Natrona County, WY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
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%
$3,721,460
Cap Rate 7%
$2,658,186
Cap Rate 9%
$2,067,478
Alternative Uses
Best Use
Flex RnD
$2.66M
$2.33M – $3.10M
NOI $186,073 @ 7.0% cap · market cap 5.32%
Second Best
Warehouse
$2.63M
$2.30M – $3.07M
NOI $184,011 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$7.23M
$6.33M – $8.44M
NOI $506,373 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Drive-in doors
1
Residential units
Yes
Heavy power
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 82604, WY
26,539
Population
11,589
Households
2.3
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
1,048.4 sq mi
ZIP Area
25
Density / Sq Mi
$75,683
Median Household Income
$41,825
Median Earnings
$1,090
Median Rent
$270,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A multi-building industrial complex with shop space, offices/retail areas, 14-foot doors, and secured paved storage.
Where is this flex space located?
The property is located at 1745 1749 1755 S Loop Avenue Casper, WY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Industrial complex on 4+ acres with 3 buildings and total building area of 33,721 SF (excluding decks); Space includes approx. 5,400 SF of office/retail plus 27,000+ SF of shop space; 14+ ft overhead doors with covered and fenced/secured paved storage areas
