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    Turnkey Professional Office Building Title is generated by Realmo AI

    5880 E 2nd Street, Casper, WY 82609

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    For Sale
    $1,245,000

    Building - Casper, WY

    Property size:
    4,000 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $311/SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 5880 E 2nd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Plnd Unit Dev
    Interior features
    Fire Detectors, Kitchen Area, Restrooms
    Standard status
    Active
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4762

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2012
    Building materials
    Stone, Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Colton "CJ" Golay

    Listing agent Colton "CJ" Golay License #RE-16586

    Listing office eXp Realty, LLC 2617 E. Lincolnway, Suite A-5, Cheyenne, WY

    Listing date May 29, 2026

    MLS# 20262750 Listing URL

    Copyright © 2026 Wyoming Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4,000 SF professional office building built in 2012, vacant and move‑in ready
    • Configured as two fully built‑out, independent suites for flexible occupancy or leasing
    • Includes 11 offices, 3 bathrooms, 3 break rooms, open work areas, and welcoming lobbies
    • Forced air natural gas heating with central air cooling
    • Separate utility metering plus a security system and handicap accessibility
    • Stucco and stone exterior with 50 parking spaces and highway access on E. 2nd Street

    Overview

    Foothills Professional Offices is a vacant, move-in-ready professional office building offering two fully built-out, independent suites within one property. The space is designed with 11 offices, 3 bathrooms, 3 break rooms, and open work areas, supported by welcoming lobbies throughout. Interior appointments include stone countertops, barn wood accents, and custom stonework. The building also features separate utility metering, forced-air HVAC with central air, a security system, and handicap accessibility. Externally, it has a durable stucco and stone exterior.

    Located on the east side of Casper, Wyoming, the property benefits from highway access and high visibility on E. 2nd Street. With 50 parking spaces available, it is positioned to support both tenant and client traffic. The site is offered under Plnd Unit Dev zoning.

    This configuration is well suited to tenants or owners seeking flexibility, whether for owner-occupancy of one suite while leasing the other, operating the building as a single tenancy, or leasing both suites independently. Built-out office improvements and operational systems already in place can simplify move-in planning and day-to-day management for a new operator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Frontier Eye Care Optometrist Ashley Alden OD Eye Care Center Austen Wisroth Alternative Medicine Practice Austen Scott Wisroth Alternative Medicine Practice Luke Donald Eddington Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Hair Salon Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Casper
    County
    Natrona
    State
    Wyoming
    Longitude
    -106.229219
    Latitude
    42.840238

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    FAQs

    What type of property is this?
    Office building - Vacant office building with two independently built-out suites, flexible occupancy, and ample on-site parking.
    Where is this office building located?
    The property is located at 5880 E 2nd Street Casper, WY.
    What is the asking price?
    The asking price for this property is $1,245,000.
    What are key features of this property?
    This property features: 4,000 SF professional office building built in 2012, vacant and move‑in ready; Configured as two fully built‑out, independent suites for flexible occupancy or leasing; Includes 11 offices, 3 bathrooms, 3 break rooms, open work areas, and welcoming lobbies
    (307) 259-8671
    We can help!
    Listing Contact
    Colton "CJ" Golay
    Real Estate License ID: RE-16586
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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