Flex Warehouse with Retail
1831 E Yellowstone Hwy Casper, WY 82601
1831 E Yellowstone Hwy, Casper, WY, 82601
$850,000
For Sale
$850,000
Front retail office with counters and half bath, plus heated rear shop space and a steel dry storage warehouse with overhead doors.
Property Size8,500 SF
Price / SF$100
Days on Market45
Property Features for 1831 E Yellowstone Hwy
General Information
- Standard status
- Active
- Size
- 8,500 SF
Listing Agency
Real Estate Leaders
(307) 262-0461
Listed by
Donna Martensen · License #2250
(307) 262-0461
Source
Exprealty
Added: Jun 3 Checked: Jul 17 at 2:30 am
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 Real Estate Leaders
Investment Insights
Based on property information with market context.
The property consists of commercial buildings totaling 8,500 square feet, with retail and shop space in the front cinder-block building and additional warehouse storage in the rear steel building. The front building includes an office, retail counters, and a half bath. Behind it, there is all-heated shop space with a compressor and a 12' overhead door. Between the buildings, a side entrance provides access.
From Lennox Street, the chainlinked fenced and gated area offers convenient use for exterior storage. The steel building aligned with the front provides dry storage with power and a gas line in place, featuring 16' sidewalls and a 14' overhead door. The front includes signage and the property is described as having easy access to I-25.
The configuration combines customer-facing front space with multiple overhead-door entries and enclosed shop/storage areas, along with fenced outdoor storage between buildings and along the side entrance.
From Lennox Street, the chainlinked fenced and gated area offers convenient use for exterior storage. The steel building aligned with the front provides dry storage with power and a gas line in place, featuring 16' sidewalls and a 14' overhead door. The front includes signage and the property is described as having easy access to I-25.
The configuration combines customer-facing front space with multiple overhead-door entries and enclosed shop/storage areas, along with fenced outdoor storage between buildings and along the side entrance.
Key Highlights
- Commercial buildings totaling 8,500 SF on East Yellowstone with front signage
- Front cinder‑block building includes office, retail counters, and a 1/2 bath
- Heated rear shop space with a compressor and a 12' overhead door
Local Financial Insights For Retail
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 | $117.3k | $13.80 |
| − Vacancy | −$9.4k | −$1.10 |
| EGI | $107.9k | $12.70 |
| − OpEx | −$32.4k | −$3.81 |
| NOI | $75.5k | $8.89 |
8,500 SF · lease $13.80/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.08M
$944.3K – $1.26M
NOI $75,541 @ 7.0% cap · market cap 8.89%
Second Best
Flex RnD
$697.4K
$610.2K – $813.6K
NOI $48,815 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,845 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Just For Kicks
Snowmobile Dealer
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Front retail office with counters and half bath, plus heated rear shop space and a steel dry storage warehouse with overhead doors.
Where is this flex space located?
The property is located at 1831 E Yellowstone Hwy Casper, WY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Commercial buildings totaling 8,500 SF on East Yellowstone with front signage; Front cinder‑block building includes office, retail counters, and a 1/2 bath; Heated rear shop space with a compressor and a 12' overhead door
