Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wyoming Land Tract Near Casper Title is generated by Realmo AI

    Lot 738 Wagon Train, Casper, WY 82601

    View on Map
    Claim this Listing
    New
    For Sale
    $43,000

    39.7 acres of land near Casper, Wyoming.

    Type:Lots and Land / Agricultural Land
    Lot size:
    39.70 Acres
    Added:
    May 26, 2026
    Days on Market:
    5
    Last Refresh:
    May 27 at 8:17 am

    Property Features for Lot 738 Wagon Train

    General Information

    Standard status
    Active
    Lot size
    39.70 Acres
    Property subtype
    Lots and Land / Agricultural Land

    We can help!

    Listing Contact
    Derek Zarello
    Derek Zarello

    Listing agent Derek Zarello License #RE-14888

    Listing office United Country Real Estate Zarello Land & Legacy

    Listing date May 26, 2026

    Source Compass

    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 United Country Real Estate Zarello Land & Legacy

    HighLights

    • 39.7± acres of land with open views toward Casper Mountain
    • Zoned Ranch Ag and Mining (RAM) offering flexibility for various uses
    • Year‑round access via HOA‑maintained gravel road
    • Relatively flat terrain with rolling hills
    • Unfenced, providing a blank canvas for customization
    • Convenient proximity to Casper, Wyoming

    Overview

    This 39.7± acre parcel is located north of Casper, Wyoming, within the BB Brooks subdivision. The property features relatively flat terrain with some rolling hills, native grasses, sagebrush, and cactus. Open views extend toward Casper Mountain. Access is facilitated by an HOA-maintained gravel road, typically providing year-round access. The property is not fenced. Zoned Ranch Ag and Mining (RAM), the acreage allows for rural residential use, recreation, off-grid living, horses, or long-term land banking.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon 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
    -106.36
    Latitude
    43.1744

    Nearby Similar for Sale

    • $899,999

      Commercial Shop in Casper, WY

      9,600 sq/ft commercial shop on 1 acre near I-25.
      635 N Glenn, Casper, WY 82601
      View Details
    • $600,000

      Historic Casper Building For Redevelopment

      Iconic nine-story building in Casper, WY, for redevelopment.
      100 N Center Street, Casper, WY 82601
      View Details
    • $975,000

      Historic Grocery and Market Building

      Established grocery and market with a rich history since 1921.
      815 S Grant Avenue, Casper, WY 82601
      View Details
    • $555,000
      3,886 SF

      Turnkey Four-Plex in Casper, WY

      Westside 4-plex with proven income and zero vacancy.
      2044 Westwood Hill, Casper, WY 82604
      View Details
    • $885,000

      Prime Commercial Lot I-25 Frontage

      High-visibility 0.67-acre commercial lot near I-25 in Casper, WY.
      450 W F Street, Casper, WY 82601
      View Details
    • $3,575,000
      4,095 SF

      Equestrian Estate with Mountain Views

      Turn-key equestrian estate on 106± acres near Casper, Wyoming.
      11373 Hat Six Road, Casper, WY 82609
      View Details
    • $525,000
      1,536 SF

      Turnkey Income-Producing Duplex in Casper

      Remodeled duplex with modern interiors, ready for immediate income.
      1105 & 1107 S Chestnut Street, Casper, WY 82601
      View Details
    • $725,000

      Remodeled Office Building in Casper

      Turn-key commercial property with high visibility and ample parking.
      1445 S Poplar Street, Casper, WY 82601
      View Details
    • $330,000

      4200 SF Warehouse/Shop in Casper

      4200 SF warehouse/shop with loft space in Casper, WY.
      540 E C Street, Casper, WY 82601
      View Details
    • $1,100,000

      Hotel/Motel in Casper, WY

      Commercial hotel/motel property for sale in Casper, Wyoming.
      440 E A Street, Casper, WY 82601
      View Details
    • $500,000

      Prime Commercial Land in Casper

      Exceptional commercial land opportunity in Casper's bustling business district.
      935 W Yellowstone, Casper, WY 82601
      View Details
    • $1,950,000

      Downtown Casper Office Building Opportunity

      Prime downtown office building with parking and expansion potential.
      201 N Wolcott Street, Casper, WY 82601
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 39.7 acres of land near Casper, Wyoming.
    Where is this agricultural land / farmland located?
    The property is located at Lot 738 Wagon Train Casper, WY.
    What is the asking price?
    The asking price for this property is $43,000.
    What are key features of this property?
    This property features: 39.7± acres of land with open views toward Casper Mountain; Zoned Ranch Ag and Mining (RAM) offering flexibility for various uses; Year‑round access via HOA‑maintained gravel road
    (307) 337-9282
    We can help!
    Listing Contact
    Derek Zarello
    Derek Zarello
    Real Estate License ID: RE-14888
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot 738 Wagon Train, Casper, WY 82601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!