4-Bay Mixed-Use Commercial
402 E 2nd St, Casper, WY 82601
For Sale
$1,529,150
Vacant downtown property combines customer-facing showroom space with storage and vehicle-accessible service areas.
Property Size9,089 SF
Days on Market49
Property Features for 402 E 2nd St
General Information
Standard status
Size
Property subtype
Zoning
Amenities
CASPER BLK 18 LOT 5 S 1/2, 6-7 ALL & TRI TR ADJ COMMERCIAL
City
Other
no
5000
16 Foot or More
Flat Roof
Brick
21017
Existing-has been occupied
Under 14 Foot
15
1
10000 - 19999
9089
Building Details
Building Size
Year Built
Buildings
Listed By:
Justin and Charlotte Putzier
(307) 259-8004
Source:
Mycasperhome.idxbroker
Added: Sep 26
Changed: Nov 3
Last Checked: Nov 12 at 4:15AM
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 Justin and Charlotte Putzier
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Investment Insights
Based on property information with market context.
At 402 E 2nd Street, this vacant mixed-use property contains approximately 9,089 square feet in a 1969 building on a 21,017-square-foot site, equal to approximately 0.4825 acres. The interior combines an open showroom with large windows, counters and display fixtures, back-of-house storage, and warehouse space with shelving. Four drive-through service bays connect directly to the retail area, and vehicles can reach the rear of the building. The site also has parking for 15 vehicles.
Located in downtown Casper, Wyoming, the property has street-facing retail exposure and C3 zoning. Its existing showroom, storage, warehouse area, and service bays provide a varied commercial layout within one property.
Located in downtown Casper, Wyoming, the property has street-facing retail exposure and C3 zoning. Its existing showroom, storage, warehouse area, and service bays provide a varied commercial layout within one property.
Key Highlights
- Approximately 9,089 square feet on a 21,017‑square‑foot site (approximately 0.4825 acres)
- Four drive‑through service bays connected to the retail area
- Showroom with large windows, existing counters and display fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,776
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,615,520
$1.6M
Cap Rate 7%
$1,153,943
$1.2M
Cap Rate 9%
$897,511
$897.5K
Market Conditions
NOI Build-Up for 9,089 SF
Gross rent
$125.4K $13.80/SF
− Vacancy
−$10.0K −$1.10/SF
EGI
$115.4K $12.70/SF
− OpEx
−$34.6K −$3.81/SF
NOI
$80.8K $8.89/SF
Area
Natrona County, WY
Vacancy
8.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,615,520
Cap Rate 7%
$1,153,943
Cap Rate 9%
$897,511
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.35M
NOI $80,776 @ 7.0% cap · market cap 5.28%
Second Best
Mixed Use
$996.2K
$871.7K – $1.16M
NOI $69,735 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,050 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,661
Businesses Nearby
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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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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant downtown property combines customer-facing showroom space with storage and vehicle-accessible service areas.
Where is this mixed-use property located?
The property is located at 402 E 2nd St Casper, WY.
What is the asking price?
The asking price for this property is $1,529,150.
What are key features of this property?
This property features: Approximately 9,089 square feet on a 21,017‑square‑foot site (approximately 0.4825 acres); Four drive‑through service bays connected to the retail area; Showroom with large windows, existing counters and display fixtures
