Industrial Warehouse
For Sale
Contact for pricing
1813 Colman Circle, Casper, WY 82601
Three industrial warehouses combine service facilities, outdoor storage, and net lease structures for equipment-intensive operations.
Property Size49,250 SF
Lot Size10.39 Acres
Price / SF$119.17
Days on Market53
Property Features for 1813 Colman Circle
General Information
Standard status
Active
Size
49,250 SF
Lot size
10.39 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
26 ft
Drive-In Doors
15
Three-Phase Power
Yes
Building Details
Buildings
3
Listing Agency:
Northmarq - Tulsa
Listed By:
Melissa McKenzie · License #WY 15569
(918) 794-9518
Source:
Crexi
Added: Sep 9
Changed: Oct 30
Last Checked: Oct 30 at 11:49AM
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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Investment Insights
Based on property information with market context.
This offering comprises three industrial warehouse and service properties totaling 49,250 square feet on 10.39 acres at 1813, 2327, and 1307 Colman Circle in Casper, Wyoming. Improvements support equipment-intensive operations with industrial outdoor storage and laydown areas, 20- to 26-foot clear heights, 15 total drive-in doors, deep truck courts, three-phase power, and bridge cranes rated from 5 to 20 tons. The properties are leased to Predator Downhole, Integrated Power Services, and Oil Patch Group, and may be acquired individually or together as a portfolio.
The assets are positioned within Casper’s established industrial corridor, with access to Interstate 25 and U.S. Highways 20 and 26. The surrounding area includes energy, equipment, transportation, and industrial-service businesses. Lease structures are net, and the 1813 and 2327 Colman Circle properties include contractual 3% annual rent increases.
The assets are positioned within Casper’s established industrial corridor, with access to Interstate 25 and U.S. Highways 20 and 26. The surrounding area includes energy, equipment, transportation, and industrial-service businesses. Lease structures are net, and the 1813 and 2327 Colman Circle properties include contractual 3% annual rent increases.
Key Highlights
- 49,250 square feet across 10.39 acres
- Three industrial properties at 1813, 2327, and 1307 Colman Circle
- Industrial outdoor storage and laydown areas with deep truck courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$279,708
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,594,160
$5.6M
Cap Rate 7%
$3,995,829
$4.0M
Cap Rate 9%
$3,107,867
$3.1M
Market Conditions
NOI Build-Up for 49,250 SF
Gross rent
$342.8K $6.96/SF
− Vacancy
−$13.7K −$0.28/SF
EGI
$329.1K $6.68/SF
− OpEx
−$49.4K −$1.00/SF
NOI
$279.7K $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%
$5,594,160
Cap Rate 7%
$3,995,829
Cap Rate 9%
$3,107,867
Alternative Uses
Best Use
Warehouse
$4.00M
$3.50M – $4.66M
NOI $279,708 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.00M
$9.62M – $12.83M
NOI $769,718 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
26 ft
Clear height
15
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
Well-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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Three industrial warehouses combine service facilities, outdoor storage, and net lease structures for equipment-intensive operations.
Where is this warehouse located?
The property is located at 1813 Colman Circle Casper, WY.
What is the asking price?
The asking price for this property is $5,869,000.
What are key features of this property?
This property features: 49,250 square feet across 10.39 acres; Three industrial properties at 1813, 2327, and 1307 Colman Circle; Industrial outdoor storage and laydown areas with deep truck courts
