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.
- Added:
- May 26, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 16 at 3:01 am
Property Features for 431 N Mckinley Street
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.50 Acres
Listing agent Steven Freel License #WY RE-14148 (307) 259-1276
Listing office Vertical Realty Group, LLC (307) 259-1276
Listing date May 26, 2026
Source Exprealty
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
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
- Adjacent lot includes a secondary 600 SF building for storage, workspace, or other use options
- Property is positioned for convenient access to Interstate 25 for transportation and daily operations
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Casper
- County
- Natrona
- State
- Wyoming
- Longitude
- -106.312065
- Latitude
- 42.845974
