Royal Inn Hotel
For Sale
Contact for pricing
440 E A St, Casper, WY 82601
39-key hotel in Casper, Wyoming with value-add potential.
Property Size12,948 SF
Price / SF$84.96
Days on Market145
Property Features for 440 E A St
General Information
Standard status
Active
Size
12,948 SF
Property subtype
Hospitality
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1961
Buildings
1
Stories
2
Listing Agency:
Keller Williams Realty Western Trails
(801) 948-3783
Listed By:
Kody M. Watts · License #WY RE-15364
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 10 at 6:18AM
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 Keller Williams Realty Western Trails
Investment Insights
Based on property information with market context.
The Royal Inn is a 39-key hotel located in Casper, Wyoming. This property presents a value-add hospitality asset with opportunities for increased returns. Currently under absentee ownership, the property may benefit from active management or an owner/operator model, which could improve operations and overall property performance. The independent motel also has potential for rebranding to a branded franchise, which could elevate market presence, attract broader customer demand, and increase revenue potential. The site may also support redevelopment into a multifamily opportunity, adding an additional layer of value and flexibility. The property size is 12948 square feet.
Key Highlights
- 39‑key hotel with significant upside potential.
- Value‑add opportunity through active management or owner/operator model.
- Potential for rebranding to a branded franchise.
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
$81,184
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
7.38%
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%
$1,623,680
$1.6M
Cap Rate 7%
$1,159,771
$1.2M
Cap Rate 9%
$902,044
$902.0K
Market Conditions
NOI Build-Up for 12,948 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
$194.2K $15.00/SF
− Vacancy
−$23.3K −$1.80/SF
EGI
$170.9K $13.20/SF
− OpEx
−$89.7K −$6.93/SF
NOI
$81.2K $6.27/SF
Area
Natrona County, WY
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
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%
$1,623,680
Cap Rate 7%
$1,159,771
Cap Rate 9%
$902,044
Alternative Uses
Best Use
Hotel Hospitality
$1.16M
$1.01M – $1.35M
NOI $81,184 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,362 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,596
Businesses Nearby
Well-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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Lyric – Casper Wyoming — 230 W Yellowstone Hwy, Casper, WY 82601
- Casper Wedding Chapel — 514 S Beech St, Casper, WY 82601
- David Street Station — 200 S David St, Casper, WY 82601
- JB Properties LLC — 519 s jackson st #3, casper, wy 82601
- Yellowstone Garage Bar, Grill & Venue — 355 W Yellowstone Hwy, Casper, WY 82601
Frequently Asked Questions
What type of property is this?
Motel - 39-key hotel in Casper, Wyoming with value-add potential.
Where is this motel located?
The property is located at 440 E A St Casper, WY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 39‑key hotel with significant upside potential.; Value‑add opportunity through active management or owner/operator model.; Potential for rebranding to a branded franchise.
