Manufacturing Facility with Outdoor
1813 Coleman Circle, Casper, WY 82601
For Sale
Contact for pricing
A fully leased industrial site supports downhole tool production, inspection, and repair.
Property Size19,300 SF
Lot Size5.08 Acres
Price / SF$119.54
Days on Market30
Property Features for 1813 Coleman Circle
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Drive-In Doors
Truck Court Depth
Three-Phase Power
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Outdoor Storage
Property Use
Building Details
Building Size
Listing Agency:
Northmarq - Tulsa
Listed By:
Melissa McKenzie · License WY #15569
(918) 794-9518
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 10 at 9:05AM
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 Northmarq - Tulsa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Casper industrial property combines a 19,300-square-foot building with 5.08 acres of outdoor storage and laydown area. Building features include 26-foot clear height, four drive-in doors, three-phase power, a 10-ton bridge crane, and an approximately 120-foot truck court. Predator Downhole, Inc. occupies the facility as its headquarters and sole operating location for designing, manufacturing, inspecting, and repairing downhole drilling tools and drilling mud motors.
The five-year NNN lease extends through May 2030 and provides for 3% annual rent increases, with two five-year renewal options. The site is in Casper’s industrial corridor near Interstate 25 and U.S. Highways 20 and 26. It may also be acquired as part of a portfolio.
The five-year NNN lease extends through May 2030 and provides for 3% annual rent increases, with two five-year renewal options. The site is in Casper’s industrial corridor near Interstate 25 and U.S. Highways 20 and 26. It may also be acquired as part of a portfolio.
Key Highlights
- 19,300‑square‑foot building on 5.08 acres
- 26‑foot clear height, four drive‑in doors, and three‑phase power
- 10‑ton bridge crane and approximately 120‑foot truck court
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,612
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,192,240
$2.2M
Cap Rate 7%
$1,565,886
$1.6M
Cap Rate 9%
$1,217,911
$1.2M
Market Conditions
NOI Build-Up for 19,300 SF
Gross rent
$134.3K $6.96/SF
− Vacancy
−$5.4K −$0.28/SF
EGI
$129.0K $6.68/SF
− OpEx
−$19.3K −$1.00/SF
NOI
$109.6K $5.68/SF
Area
Natrona County, WY
Vacancy
4.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,192,240
Cap Rate 7%
$1,565,886
Cap Rate 9%
$1,217,911
Alternative Uses
Best Use
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,612 @ 7.0% cap · market cap 4.75%
Second Best
Industrial
$1.22M
$1.06M – $1.42M
NOI $85,154 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$4.31M
$3.77M – $5.03M
NOI $301,636 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
26 ft
Clear height
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - A fully leased industrial site supports downhole tool production, inspection, and repair.
Where is this manufacturing property located?
The property is located at 1813 Coleman Circle Casper, WY.
What is the asking price?
The asking price for this property is $2,307,200.
What are key features of this property?
This property features: 19,300‑square‑foot building on 5.08 acres; 26‑foot clear height, four drive‑in doors, and three‑phase power; 10‑ton bridge crane and approximately 120‑foot truck court
