Warehouse with Office and Fenced
For Sale
$2,445,482
4101 W Yellowstone Highway, Casper, WY 82604
High-visibility highway site with warehouse/shop area, offices, showroom, and a secure fenced yard with extensive off-street parking.
Property Size20,827 SF
Days on Market48
Property Features for 4101 W Yellowstone Highway
General Information
Standard status
Active
Size
20,827 SF
Property subtype
Commercial
Zoning
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$13,092
Amenities
Natural Gas
Other
Lengthly Legal, See Preliminary Title Commitment
City
Rocky Mountain Power
Three Phase
yes
Central Air
Forced Air Gas, Radiant Gas
no
5402
16 Foot or More
Chain Link
Concrete Block
134,800 sqft
Concrete
14 Foot or More
Restrooms
20+
1
20000 +
20,827
Building Details
Building Size
20,827 SF
Year Built
1955
Buildings
1
Listing Agency:
(307) 259-8004
Listed By:
Justin and Charlotte Putzier
(307) 259-8004
Source:
Mycasperhome.idxbroker
Added: Jun 30
Changed: Aug 8
Last Checked: Aug 16 at 3:07AM
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
Investment Insights
Based on property information with market context.
The offering includes 4113 W Yellowstone Highway, a facility with nearly 23,000 square feet of total building space. The layout is built around a former truck dealership configuration, featuring approximately 17,000 square feet of adaptable warehouse/shop area plus supporting offices, a showroom, and a parts room. The site also includes a secure fenced yard and extensive off-street parking, supported by a paved lot and highway-ready site improvements.
Situated at the hard corner of SW Wyoming Blvd and West Yellowstone Hwy, the property has street frontage and high visibility from one of Wyoming’s busiest intersections. The remarks note traffic of over 15,000 vehicles daily, with the location minutes from Casper/Natrona County International Airport (11.7 miles). Access is described as seamless to Interstate 25 and the business bypass, supporting efficient regional distribution.
For tenants or owner-users seeking a warehouse-and-office footprint with external storage and direct highway exposure, this assemblage offers a practical, adaptable starting point. The existing dealership-style program can support a variety of commercial operations, and the fenced yard plus parking support day-to-day vehicle and equipment needs. The property is also presented as a development opportunity for assembling a custom commercial hub, or for tailoring the site to future business requirements.
Situated at the hard corner of SW Wyoming Blvd and West Yellowstone Hwy, the property has street frontage and high visibility from one of Wyoming’s busiest intersections. The remarks note traffic of over 15,000 vehicles daily, with the location minutes from Casper/Natrona County International Airport (11.7 miles). Access is described as seamless to Interstate 25 and the business bypass, supporting efficient regional distribution.
For tenants or owner-users seeking a warehouse-and-office footprint with external storage and direct highway exposure, this assemblage offers a practical, adaptable starting point. The existing dealership-style program can support a variety of commercial operations, and the fenced yard plus parking support day-to-day vehicle and equipment needs. The property is also presented as a development opportunity for assembling a custom commercial hub, or for tailoring the site to future business requirements.
Key Highlights
- 20,827 total SF in a 1‑building commercial facility (201+ parking spaces) with a 14+ ft overhead door and restrooms
- Nearly 17,000 SF adaptable warehouse/shop area with offices, showroom, and parts‑room layout from a former truck dealership
- Secure chain‑link fenced yard with city sewer and concrete block construction on a 134,800 SF lot
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
$185,094
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
7.57%
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%
$3,701,880
$3.7M
Cap Rate 7%
$2,644,200
$2.6M
Cap Rate 9%
$2,056,600
$2.1M
Market Conditions
NOI Build-Up for 20,827 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
$287.4K $13.80/SF
− Vacancy
−$23.0K −$1.10/SF
EGI
$264.4K $12.70/SF
− OpEx
−$79.3K −$3.81/SF
NOI
$185.1K $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 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%
$3,701,880
Cap Rate 7%
$2,644,200
Cap Rate 9%
$2,056,600
Alternative Uses
Best Use
Office B
$3.30M
$2.89M – $3.85M
NOI $231,023 @ 7.0% cap · market cap 9.45%
Second Best
Retail
$2.64M
$2.31M – $3.08M
NOI $185,094 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$4.65M
$4.07M – $5.43M
NOI $325,501 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 82604, WY
26,539
Population
11,589
Households
2.3
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
1,048.4 sq mi
ZIP Area
25
Density / Sq Mi
$75,683
Median Household Income
$41,825
Median Earnings
$1,090
Median Rent
$270,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Casper Discount Storage — 620 Salt Creek Hwy, Casper, WY 82601
- Extra Storage Mills — 222 Pendell Blvd, Mills, WY 82604
- Myzwel Store It Self Storage — 542 2nd St, Mills, WY 82604
- Fossil Creek Secure Storage — 4461 Pontiac St, Mills, WY 82644
- Move Now LLC — 46 Roosevelt St, Mills, WY 82604
Frequently Asked Questions
What type of property is this?
Warehouse - High-visibility highway site with warehouse/shop area, offices, showroom, and a secure fenced yard with extensive off-street parking.
Where is this warehouse located?
The property is located at 4101 W Yellowstone Highway Casper, WY.
What is the asking price?
The asking price for this property is $2,445,482.
What are key features of this property?
This property features: 20,827 total SF in a 1‑building commercial facility (201+ parking spaces) with a 14+ ft overhead door and restrooms; Nearly 17,000 SF adaptable warehouse/shop area with offices, showroom, and parts‑room layout from a former truck dealership; Secure chain‑link fenced yard with city sewer and concrete block construction on a 134,800 SF lot
