West Side Commercial/Industrial
For Sale
$825,000
7383 W 6 Wn Rd, Casper, WY 82604
Over 10,000 SF building with shop, offices, and fenced yard.
Property Size10,000 SF
Lot Size0.92 Acres
Price / SF$82.50
Days on Market208
Property Features for 7383 W 6 Wn Rd
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.92 Acres
Taxes and HOA fees
Annual Taxes
$3,680
Listing Agency:
Mastery Real Estate
(720) 445-1121
Listed By:
Mike Hammond · License #RE15834
(720) 445-1121
Source:
Exprealty
Added: Jan 26
Changed: Aug 20
Last Checked: Aug 21 at 12:43PM
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 Mastery Real Estate
Investment Insights
Based on property information with market context.
This West Side commercial/industrial property features a pre-stressed concrete building with over 10,000 square feet. The building includes HVAC, a shop area with a 14-foot overhead door, and quality offices. The property also features a fully fenced yard and ample parking, accommodating a variety of applications. Two separate entries and restroom facilities allow for multiple tenants or an owner-user with additional income opportunities. The property is located near the bypass and close to town.
Key Highlights
- Over 10,000 sq ft bullet proof pre‑stressed concrete building.
- Two separate entries and restroom facilities allow for multiple tenants or owner user with income potential.
- Fully fenced yard and plenty of parking for a variety of applications.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,121
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$882,420
$882.4K
Cap Rate 7%
$630,300
$630.3K
Cap Rate 9%
$490,233
$490.2K
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.0K $6.60/SF
− Vacancy
−$3.0K −$0.30/SF
EGI
$63.0K $6.30/SF
− OpEx
−$18.9K −$1.89/SF
NOI
$44.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$882,420
Cap Rate 7%
$630,300
Cap Rate 9%
$490,233
Alternative Uses
Best Use
Office B
$1.58M
$1.39M – $1.85M
NOI $110,925 @ 7.0% cap · market cap 13.45%
Second Best
Industrial
$630.3K
$551.5K – $735.4K
NOI $44,121 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,288 @ 7.0% cap · market cap 18.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Over 10,000 SF building with shop, offices, and fenced yard.
Where is this industrial property located?
The property is located at 7383 W 6 Wn Rd Casper, WY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Over 10,000 sq ft bullet proof pre‑stressed concrete building.; Two separate entries and restroom facilities allow for multiple tenants or owner user with income potential.; Fully fenced yard and plenty of parking for a variety of applications.
