Industrial Facility with Outdoor Operating
2327 Coleman Circle, Casper, WY 82601
For Sale
Contact for pricing
A fully occupied service property pairs office space with industrial work areas and an NNN lease structure.
Property Size16,430 SF
Lot Size2.05 Acres
Price / SF$129.14
Days on Market29
Property Features for 2327 Coleman Circle
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Highway Access
Outdoor Storage
Warehouse & Industrial
Clear Height
Office Build-Out
Drive-In Doors
Truck Court Depth
Three-Phase Power
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Building Details
Year Built
Buildings
Building Size
Tenancy
Listing Agency:
Northmarq - Tulsa
Listed By:
Melissa McKenzie · License WY #15569
(918) 794-9518
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 10 at 8:54AM
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 Northmarq - Tulsa
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Investment Insights
Based on property information with market context.
This 16,430-square-foot industrial facility occupies 2.05 acres in Casper, Wyoming. Built in 2007, it combines approximately 4,530 square feet of office space with industrial service areas and outdoor operating space. Building features include 20-foot clear height, five drive-in doors, three-phase power, an approximately 100-foot truck court and a 10-ton bridge crane. Integrated Power Services, LLC occupies the property for industrial-service and field-support operations in the Powder River Basin.
The property is leased on an NNN basis through September 2029, with 3% annual rent increases and two five-year renewal options. It sits in Casper’s industrial corridor near Interstate 25 and U.S. Highways 20 and 26. The property is also offered as part of a portfolio.
The property is leased on an NNN basis through September 2029, with 3% annual rent increases and two five-year renewal options. It sits in Casper’s industrial corridor near Interstate 25 and U.S. Highways 20 and 26. The property is also offered as part of a portfolio.
Key Highlights
- 16,430‑square‑foot building on 2.05 acres
- Approximately 4,530 square feet of office space
- 20‑foot clear height, five drive‑in doors and three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,491
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,820
$1.4M
Cap Rate 7%
$1,035,586
$1.0M
Cap Rate 9%
$805,456
$805.5K
Market Conditions
NOI Build-Up for 16,430 SF
Gross rent
$108.4K $6.60/SF
− Vacancy
−$4.9K −$0.30/SF
EGI
$103.6K $6.30/SF
− OpEx
−$31.1K −$1.89/SF
NOI
$72.5K $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%
$1,449,820
Cap Rate 7%
$1,035,586
Cap Rate 9%
$805,456
Alternative Uses
Best Use
Industrial
$1.04M
$906.1K – $1.21M
NOI $72,491 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,781 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
5
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
120
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
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 fully occupied service property pairs office space with industrial work areas and an NNN lease structure.
Where is this industrial property located?
The property is located at 2327 Coleman Circle Casper, WY.
What is the asking price?
The asking price for this property is $2,121,800.
What are key features of this property?
This property features: 16,430‑square‑foot building on 2.05 acres; Approximately 4,530 square feet of office space; 20‑foot clear height, five drive‑in doors and three‑phase power
