Flex and Storage Buildings with Overhead
1831 E Yellowstone Hwy Casper, WY 82609
For Sale
$850,000
COMMERCIAL - Casper, WY
Property Size8,500 SF
Lot Size0.63 Acres
Price / SF$100
Days on Market55
Property Features for 1831 E Yellowstone Hwy
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Fencing
- Chain Link
- Standard status
- Active
- Lot size
- 0.63 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E. Burlington BBLK 3, Lots 10-12 & Lots 13-17 & W. 47' inclusive
- Tax Annual Amount
- 4250
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1974
- Building materials
- Steel
- Roof type
- Aluminum
Listing Agency:
Real Estate Leaders
(307) 337-2010
Listed By:
Donna Martensen · License #2250
(307) 262-0461
Added: Jun 3
Changed: Jul 23
Last Checked: Jul 27 at 5:06AM
MLS# 20262799
Copyright © 2026 Wyoming Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial property includes multiple buildings totaling 8,500 square feet, with a front cinder-block retail building and a larger steel storage structure. The front building is currently used as a retail shop and includes an office, retail counters, and a half bath. The rear portion is heated shop space equipped with a compressor and a 12' overhead door.
Between the buildings is a side entrance. From Lennox Street, there is a chainlinked fenced and gated area that provides easy access for exterior storage. A steel building directly in line with the front includes 16' sidewalls and a 14' overhead door, and is set up for dry storage with power and a gas line in place.
Zoned C2, the property is located on East Yellowstone with front signage and easy access to I-25.
Between the buildings is a side entrance. From Lennox Street, there is a chainlinked fenced and gated area that provides easy access for exterior storage. A steel building directly in line with the front includes 16' sidewalls and a 14' overhead door, and is set up for dry storage with power and a gas line in place.
Zoned C2, the property is located on East Yellowstone with front signage and easy access to I-25.
Key Highlights
- Commercial buildings totaling 8,500 SF on E Yellowstone with front signage and easy access to I‑25
- 1974 construction with steel materials, aluminum roof, and forced‑air heating with natural gas
- Front cinder‑block retail building includes an office, retail counters, and a 1/2 bath
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
Property Profile
Location Intelligence
Current Use by Public Records
Just For Kicks
Snowmobile Dealer
FAQs
What type of property is this?
Flex space - Mixed front retail and rear heated shop space includes a 14' overhead door and dry storage with power and gas line.
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 E Yellowstone with front signage and easy access to I‑25; 1974 construction with steel materials, aluminum roof, and forced‑air heating with natural gas; Front cinder‑block retail building includes an office, retail counters, and a 1/2 bath
