Industrial Shop with Fenced
For Sale
$899,999
635 N Glenn, Casper, WY 82601
M1-zoned workspace offers concrete flooring, a private restroom, laundry connections, and a utility sink.
Property Size9,600 SF
Price / SF$93.75
Days on Market217
Property Features for 635 N Glenn
General Information
Standard status
Active
Size
9,600 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
M1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Building Details
Year Built
2002
Listing Agency:
The Edgeworth Real Estate Firm, LLC
(307) 234-2000
Listed By:
Jim Edgeworth · License #1411
(307) 262-1095
Source:
Jimedgeworth
Added: Mar 23
Changed: Oct 24
Last Checked: Oct 24 at 2:45PM
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 The Edgeworth Real Estate Firm, LLC
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Investment Insights
Based on property information with market context.
Built in 2002, this 9,600-square-foot industrial shop sits on just over 1 acre in Casper. Interior features include concrete flooring, a private bathroom, laundry hookups, and a utility sink. Chain-link fencing encloses most of the parcel, and the property is zoned M1.
The site is at 635 N Glenn in Casper, with immediate access to I-25.
The site is at 635 N Glenn in Casper, with immediate access to I-25.
Key Highlights
- 9,600‑square‑foot industrial shop built in 2002
- Just over 1 acre; most of the lot is enclosed by chain‑link fencing
- M1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,356
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,120
$847.1K
Cap Rate 7%
$605,086
$605.1K
Cap Rate 9%
$470,622
$470.6K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$63.4K $6.60/SF
− Vacancy
−$2.9K −$0.30/SF
EGI
$60.5K $6.30/SF
− OpEx
−$18.2K −$1.89/SF
NOI
$42.4K $4.41/SF
Area
Natrona County, WY
Vacancy
4.50%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,120
Cap Rate 7%
$605,086
Cap Rate 9%
$470,622
Alternative Uses
Best Use
Industrial
$605.1K
$529.5K – $705.9K
NOI $42,356 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,036 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - M1-zoned workspace offers concrete flooring, a private restroom, laundry connections, and a utility sink.
Where is this industrial property located?
The property is located at 635 N Glenn Casper, WY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 9,600‑square‑foot industrial shop built in 2002; Just over 1 acre; most of the lot is enclosed by chain‑link fencing; M1 zoning
