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    1989 Oil Dr Casper, WY 82604

    For Sale
    $2,300,618

    High-demand Wyoming storage facility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional self-storage facility in Casper, Wyoming, presents a compelling investment opportunity. Boasting 236 units within a 3.89-acre lot, this 2008-built property enjoys a prime location at 1989 Oil Dr, Casper, WY 82604. Currently operating at 80.25% occupancy, it generates a substantial net operating income (NOI) of $143,435, translating to an attractive 6.23% capitalization rate. The asking price is $2,300,618. Casper's robust economy, fueled by a growing population and expanding commercial sector, ensures consistent demand for storage solutions. The facility's strategic location within Casper, a central Wyoming hub, attracts a diverse clientele from both residential and commercial sectors. The inherent stability of the self-storage industry, characterized by minimal seasonal fluctuations and low maintenance requirements, contributes to a steady income stream and high profit margins. Favorable economic indicators in Casper further solidify this investment's long-term potential. This property offers a rare blend of strong performance, stable cash flow, and significant growth prospects in a thriving market.

    Property Features for 1989 Oil Dr

    General Information

    Property type
    Self storage facilities
    Lot Size
    169,448 SF

    Building Details

    Year Built
    2008
    Units
    236

    HighLights

    • High demand for storage in Casper due to population growth and commercial expansion ensures a strong, growing customer base.
    • Central Casper location provides convenient access for residential and commercial clients throughout the region.
    • Stable, consistent cash flow with minimal seasonal variations.
    • Low operational expenses and high profit margins due to minimal maintenance requirements.
    • Strong local economy supported by positive employment and income indicators fuels sustained storage demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cornerstone Vending Vending Machine Supplier Casper Mini Storage Self-Storage Facility

    Suggested Use

    Restaurant Building Supply Clothing Store Hotel & Motel Wholesale Shop Auto Repair Shop Auto Parts Store Department Store HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Casper
    County
    Natrona
    State
    Wyoming
    Longitude
    -106.42131096451
    Latitude
    42.8740719503

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    FAQs

    What type of property is this?
    Self storage facility - High-demand Wyoming storage facility
    Where is this self storage facility located?
    The property is located at 1989 Oil Dr Casper, WY.
    What is the asking price?
    The asking price for this property is $2,300,618.
    What are key features of this property?
    This property features: High demand for storage in Casper due to population growth and commercial expansion ensures a strong, growing customer base.; Central Casper location provides convenient access for residential and commercial clients throughout the region.; Stable, consistent cash flow with minimal seasonal variations.
    Request Owner's contact information
    1989 Oil Dr Casper, WY 82604
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    Casper, WY 82604
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    Realmo Value Estimation

    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.

    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.

    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
    1989 Oil Dr Casper, WY 82604
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