1890 N Loop Ave, Casper, WY 82601

Building Details

Year Built 1980 More

Building Size 15,488 SF More

Listing Agency: CBRE - Fort Collins

Listed By: Steve Stoecker · License WY #16488 Show Phone

Source: Crexi

Added: Aug 5 Changed: Nov 12 Last Checked: Nov 12 at 8:18AM

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Investment Insights

Based on property information with market context.

This 15,488-square-foot distribution center at 1890 N Loop Ave in Casper, Wyoming, is currently used for distribution operations. The facility combines dock-high and drive-in loading doors, supporting movement between the building and different vehicle types. Its layout includes dedicated shipping and receiving office space, inventory storage areas, and designated zones for operational staging.

The property is positioned within Casper’s industrial corridor and is configured for warehouse and distribution functions. Existing loading infrastructure and the established interior arrangement provide a functional platform for ongoing logistics operations, storage, and goods handling.

Key Highlights

• 15,488 SF distribution facility in Casper, Wyoming
• Mix of dock‑high and drive‑in loading doors
• Dedicated shipping and receiving office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,335

Cap Rate

7.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,366,700 $1.4M

Cap Rate 7%

$976,214 $976.2K

Cap Rate 9%

$759,278 $759.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,488 SF

Gross rent

$102.2K $6.60/SF

− Vacancy

−$4.6K −$0.30/SF

EGI

$97.6K $6.30/SF

− OpEx

−$29.3K −$1.89/SF

NOI

$68.3K $4.41/SF

Area

Natrona County, WY

Vacancy

4.50%

Lease Rate

$6.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,366,700

Cap Rate 7%

$976,214

Cap Rate 9%

$759,278

Alternative Uses

Best Use

Warehouse

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $87,962 @ 7.0% cap · market cap 9.43%

Second Best

Industrial

$976.2K

$854.2K – $1.14M (±1% cap)

NOI $68,335 @ 7.0% cap · market cap 7.32%

Theoretical Best

Office A

$3.46M

$3.03M – $4.03M (±1% cap)

NOI $242,059 @ 7.0% cap · market cap 25.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mondelez International (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Pharmacy Kitchen & Bath Showroom Home Appliance Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

215

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Distribution center - Operational distribution facility with dedicated shipping and receiving offices, specialized storage areas, and mixed loading access.

Where is this distribution center located?

The property is located at 1890 N Loop Ave Casper, WY.

What is the asking price?

The asking price for this property is $933,000.

What are key features of this property?

This property features: 15,488 SF distribution facility in Casper, Wyoming; Mix of dock‑high and drive‑in loading doors; Dedicated shipping and receiving office space