Flex Space with Living
51 Casper View Court, Mills, WY 82604
For Sale
$1,300,000
Light industrial zoning accompanies a property with shop, office, storage, and finished residential space.
Property Size9,600 SF
Price / SF$135.42
Days on Market43
Property Features for 51 Casper View Court
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX The Group
Listed By:
Payton Gladson · License #RE-16504
(307) 259-9759
Source:
Blacktreerealty
Added: Sep 25
Changed: Nov 6
Last Checked: Nov 6 at 2:31PM
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 RE/MAX The Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this flex property includes 9,600 square feet of shop area served by six bay doors. Office space exceeds 1,250 square feet, and additional storage measures more than 2,500 square feet. A finished apartment is also part of the property.
The site is zoned LIGHT INDUST and is located at 51 Casper View in Mills, Wyoming.
The site is zoned LIGHT INDUST and is located at 51 Casper View in Mills, Wyoming.
Key Highlights
- 9,600 square feet of shop space with six bay doors
- More than 2,500 square feet of additional storage
- Office area exceeds 1,250 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,133
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,660
$1.1M
Cap Rate 7%
$787,614
$787.6K
Cap Rate 9%
$612,589
$612.6K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$91.0K $9.48/SF
− Vacancy
−$6.2K −$0.64/SF
EGI
$84.8K $8.84/SF
− OpEx
−$29.7K −$3.09/SF
NOI
$55.1K $5.74/SF
Area
Natrona County, WY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,660
Cap Rate 7%
$787,614
Cap Rate 9%
$612,589
Alternative Uses
Best Use
Flex RnD
$787.6K
$689.2K – $918.9K
NOI $55,133 @ 7.0% cap · market cap 4.24%
Second Best
Warehouse
$778.9K
$681.5K – $908.7K
NOI $54,522 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,036 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial zoning accompanies a property with shop, office, storage, and finished residential space.
Where is this flex space located?
The property is located at 51 Casper View Court Mills, WY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 9,600 square feet of shop space with six bay doors; More than 2,500 square feet of additional storage; Office area exceeds 1,250 square feet
