Flex Office-Shop Building with
For Sale
$450,000
431 N Mckinley Street, Casper, WY 82601
Flex office and rear shop space on M-1 Light Industrial, with an additional south lot and secondary building for options.
Property Size2,600 SF
Lot Size0.50 Acres
Price / SF$173.08
Days on Market72
Property Features for 431 N Mckinley Street
General Information
Standard status
Active
Size
2,600 SF
Lot size
0.50 Acres
Zoning
M-1
Additional Details
Highway Access
Yes
Listing Agency:
Vertical Realty Group, LLC
(307) 259-1276
Listed By:
Steven Freel · License #RE-14148
(307) 259-1276
Source:
Exprealty
Added: May 26
Changed: Jul 10
Last Checked: Jul 31 at 8:06PM
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 Vertical Realty Group, LLC
Investment Insights
Based on property information with market context.
This for-sale flex property includes a versatile 12,600-square-foot commercial building configured with front office space and a rear shop area designed for light industrial or service-oriented operations. The layout separates professional, client-facing or administrative functions from the practical utility of the back shop, supporting a range of business uses under one roof. An additional 0.50-acre lot sits directly south of the main building, and the adjacent lot also includes a secondary 1,600-square-foot building, creating extra space for storage, workspace, or other operational needs.
The property is zoned M-1 Light Industrial. It is positioned for connectivity to Interstate 25, supporting efficient access for transportation, logistics, and daily operations.
For owner-users, the combination of office front and functional shop back can streamline day-to-day management while keeping the shop area available for work. For buyers evaluating flexible property structures, the second building on the adjacent parcel provides a separate option for staging, storage, or additional workspace, alongside the ability to plan around the south lot as needs change.
The property is zoned M-1 Light Industrial. It is positioned for connectivity to Interstate 25, supporting efficient access for transportation, logistics, and daily operations.
For owner-users, the combination of office front and functional shop back can streamline day-to-day management while keeping the shop area available for work. For buyers evaluating flexible property structures, the second building on the adjacent parcel provides a separate option for staging, storage, or additional workspace, alongside the ability to plan around the south lot as needs change.
Key Highlights
- 2,600 SF commercial building with front office space and a rear shop area for light industrial or trade‑related businesses
- Zoned M‑1 Light Industrial, supporting a variety of commercial and industrial uses
- Includes an additional 0.50‑acre lot directly south of the main building
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.2k | $17.40 |
| − Vacancy | −$6.8k | −$2.61 |
| EGI | $38.5k | $14.79 |
| − OpEx | −$9.6k | −$3.70 |
| NOI | $28.8k | $11.09 |
2,600 SF · lease $17.40/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$412.0K
$360.5K – $480.7K
NOI $28,840 @ 7.0% cap · market cap 6.41%
Second Best
Flex RnD
$213.3K
$186.7K – $248.9K
NOI $14,932 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$580.5K
$507.9K – $677.3K
NOI $40,635 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
Under-served
Demand for This Use
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 Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Essence of Life Catering — 1343 S Washington St, Casper, WY 82601
Frequently Asked Questions
What type of property is this?
Flex space - Flex office and rear shop space on M-1 Light Industrial, with an additional south lot and secondary building for options.
Where is this flex space located?
The property is located at 431 N Mckinley Street Casper, WY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,600 SF commercial building with front office space and a rear shop area for light industrial or trade‑related businesses; Zoned M‑1 Light Industrial, supporting a variety of commercial and industrial uses; Includes an additional 0.50‑acre lot directly south of the main building
