Industrial Property with Cold
1980 Skyview Drive, Casper, WY 82601
For Sale
$790,000
A modified gross lease occupies the main facility, while a separate steel storage building is vacant.
Property Size4,850 SF
Lot Size1.02 Acres
Price / SF$162.89
Days on Market176
Property Features for 1980 Skyview Drive
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Cold Storage
Cold Storage Area
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
CBC Cornerstone Real Estate
Listed By:
Shawn McCoul
(307) 267-4966
Source:
Blacktreerealty
Added: May 19
Changed: Nov 7
Last Checked: Nov 10 at 6:43PM
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 CBC Cornerstone Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 4,850-square-foot industrial building constructed in 1978 and a separate 2,800-square-foot steel cold-storage building. The industrial building is leased under a modified gross arrangement to an established national tenant. The cold-storage building is currently vacant.
Both buildings sit on a 1.02-acre lot at 1980 Skyview Drive in Casper, Wyoming.
Both buildings sit on a 1.02-acre lot at 1980 Skyview Drive in Casper, Wyoming.
Key Highlights
- 4,850 SF industrial building built in 1978
- Modified gross lease to an established national tenant
- Separate 2,800 SF steel cold‑storage building, currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,545
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,900
$550.9K
Cap Rate 7%
$393,500
$393.5K
Cap Rate 9%
$306,056
$306.1K
Market Conditions
NOI Build-Up for 4,850 SF
Gross rent
$33.8K $6.96/SF
− Vacancy
−$1.4K −$0.28/SF
EGI
$32.4K $6.68/SF
− OpEx
−$4.9K −$1.00/SF
NOI
$27.5K $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%
$550,900
Cap Rate 7%
$393,500
Cap Rate 9%
$306,056
Alternative Uses
Best Use
Warehouse
$393.5K
$344.3K – $459.1K
NOI $27,545 @ 7.0% cap · market cap 3.49%
Second Best
Industrial
$305.7K
$267.5K – $356.7K
NOI $21,399 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.08M
$947.5K – $1.26M
NOI $75,800 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
116
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Industrial properties in Casper
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - A modified gross lease occupies the main facility, while a separate steel storage building is vacant.
Where is this industrial property located?
The property is located at 1980 Skyview Drive Casper, WY.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 4,850 SF industrial building built in 1978; Modified gross lease to an established national tenant; Separate 2,800 SF steel cold‑storage building, currently vacant
