Industrial Distribution
New
For Sale
$933,000
1890 North Loop Avenue, Casper, WY 82601
Distribution facility with dock-high and drive-in loading, dedicated shipping and receiving areas, and organized storage zones.
Property Size15,488 SF
Price / SF$60.24
Days on Market7
Property Features for 1890 North Loop Avenue
General Information
Standard status
Active
Size
15,488 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
15,488 SF
Listing Agency:
CBRE - Fort Collins
(970) 372-3859
Listed By:
Steve Stoecker · License #16488
(970) 372-3859
Source:
Cbre
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 15 at 1:25PM
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 CBRE - Fort Collins
Investment Insights
Based on property information with market context.
This 15,488 SF industrial distribution facility is currently configured for distribution operations, with a dedicated shipping and receiving office, staging areas, existing racking configurations, and specialized case-processing storage. The loading setup combines dock-high and drive-in doors to accommodate both semi-trucks and local delivery vehicles. Interior areas are arranged to support inventory storage, racking, shipping, receiving, and operational workflow staging.
The property is adjacent to Interstate 25 near the I-25 and US26 intersection in Casper, providing access to a regional transportation corridor. Its established distribution layout includes organized storage and processing areas that can support continued logistics use or other industrial and commercial operations, subject to applicable requirements.
The property is adjacent to Interstate 25 near the I-25 and US26 intersection in Casper, providing access to a regional transportation corridor. Its established distribution layout includes organized storage and processing areas that can support continued logistics use or other industrial and commercial operations, subject to applicable requirements.
Key Highlights
- 15,488 SF distribution facility
- Mix of dock‑high and drive‑in loading doors
- Adjacent to Interstate 25 near the I‑25 and US26 intersection
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,335
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,366,700
$1.4M
Cap Rate 7%
$976,214
$976.2K
Cap Rate 9%
$759,278
$759.3K
Market Conditions
NOI Build-Up for 15,488 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $87,962 @ 7.0% cap · market cap 9.43%
Second Best
Industrial
$976.2K
$854.2K – $1.14M
NOI $68,335 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$3.46M
$3.03M – $4.03M
NOI $242,059 @ 7.0% cap · market cap 25.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Distribution center - Distribution facility with dock-high and drive-in loading, dedicated shipping and receiving areas, and organized storage zones.
Where is this distribution center located?
The property is located at 1890 North Loop Avenue 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; Mix of dock‑high and drive‑in loading doors; Adjacent to Interstate 25 near the I‑25 and US26 intersection
