2-Bay Auto
For Sale
$480,000
641 E 2nd, Casper, WY 82601
Office space, off-street parking, and general business zoning complement the service garage.
Property Size2,268 SF
Price / SF$211.64
Days on Market86
Property Features for 641 E 2nd
General Information
Standard status
Active
Size
2,268 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
General business
Additional Details
Road Access
Yes
Drive-In Doors
2
Service Bays
2
Building Details
Year Built
1952
Building Size
2,268 SF
Listing Agency:
Re/Max The Group
(307) 265-0200
Listed By:
Jacob Carlson · License #RE-15964
(307) 251-5730
Source:
Jimedgeworth
Added: Aug 1
Changed: Oct 24
Last Checked: Oct 24 at 2:36PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This auto shop at 641 E 2nd in Casper contains 2,268 square feet, including office space and a 2-bay garage. The property was built in 1952 and has off-street parking.
The site is zoned General business and is located along E 2nd Street.
The site is zoned General business and is located along E 2nd Street.
Key Highlights
- 2,268 square feet of space
- 2‑bay garage
- Office space and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,156
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,120
$403.1K
Cap Rate 7%
$287,943
$287.9K
Cap Rate 9%
$223,956
$224.0K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$31.3K $13.80/SF
− Vacancy
−$2.5K −$1.10/SF
EGI
$28.8K $12.70/SF
− OpEx
−$8.6K −$3.81/SF
NOI
$20.2K $8.89/SF
Area
Natrona County, WY
Vacancy
8.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,120
Cap Rate 7%
$287,943
Cap Rate 9%
$223,956
Alternative Uses
Best Use
Retail
$287.9K
$252.0K – $335.9K
NOI $20,156 @ 7.0% cap · market cap 4.20%
Second Best
Flex RnD
$186.1K
$162.8K – $217.1K
NOI $13,025 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$506.4K
$443.1K – $590.8K
NOI $35,446 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
2
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,586
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Vincent Heavy Duty Towing — 802 Lind Ave, Casper, WY 82601
- Reed's Automotive & Custom Exhaust — 255 W Collins Dr, Casper, WY 82601
- Prazma Paint & Auto Body Inc — 500 W Yellowstone Hwy, Casper, WY 82601
- Impact Paintless Dent Repair — 448 W Yellowstone Hwy, Casper, WY 82601
- Skelly Tires Batteries — S Elm St, Casper, WY 82601
Frequently Asked Questions
What type of property is this?
Auto shop - Office space, off-street parking, and general business zoning complement the service garage.
Where is this auto shop located?
The property is located at 641 E 2nd Casper, WY.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2,268 square feet of space; 2‑bay garage; Office space and off‑street parking
