Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Restaurant Building on 1.23 Acres Title is generated by Realmo AI

    900 Pronghorn Street, Casper, WY 82601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3,982 SF restaurant on 1.23 acres with ample parking.

    Type:Retail
    Property size:
    3,982 SF
    Lot size:
    1.23 Acres
    Price / SF:
    $247/SF
    Added:
    Feb 5, 2026
    Days on Market:
    99
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 900 Pronghorn Street

    General Information

    Standard status
    Active
    Size
    3,982 SF
    Lot size
    1.23 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Steve Sauter

    Listing agent Steve Sauter License #CA 01084092

    Listing office Marcus & Millichap - Palo Alto

    Listing date Feb 5, 2026

    Source Crexi

    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 Marcus & Millichap - Palo Alto

    HighLights

    • +/- 3,982 sq. ft. restaurant with C‑4 zoning, allowing various commercial uses.
    • +/- 1.23 acre parcel with ample parking: 57 spaces (14.28 per 1,000 sq. ft.).
    • Equipped with walk‑in refrigerator, walk‑in freezer, and 4 kitchen hoods.
    • Available power: 3 phase 800 amp.
    • Seating capacity for 70 people.
    • Built in 2006.

    Overview

    This +/-3,982 sq. ft. restaurant is situated on a +/-1.23 acre parcel of land. It presents an opportunity for an owner/user or an investor looking to add value. The property is zoned C-4 (Highway Business), allowing for various permitted uses, including other QSR concepts or commercial tenants. The restaurant includes a walk-in refrigerator, a walk-in freezer, and four kitchen hoods, with available power of 3 phase 800 amp. The dining room has seating for 70 people and includes men's and women's private restrooms. There is abundant on-site parking with 57 spaces, which is 14.28 spaces per 1,000 sq. ft.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -106.3361185
    Latitude
    42.8492674

    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
    • $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
    • $399,000

      Casper Office Building For Sale

      Corner lot near Banner WY Medical Center, ideal for medical use.
      337 S Conwell 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
    • $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
    • $950,000
      8,000 SF

      Multi-Tenant Retail Building For Sale

      Three-tenant retail building off I-25 in Casper, Wyoming.
      801 N Center St, Casper, WY
      View Details
    • $430,500
      2,460 SF

      Retail Property in Casper, Wyoming

      Spacious 2,460 SF retail property on S McKinley Street.
      1455 South McKinley Street, Casper, WY, 82601
      View Details
    • $535,000
      4,156 SF

      Residential Rental Property With Upside

      Two-building residential rental property with five units and potential upside.
      602 West 13th Street, Casper, WY 82601
      View Details

    FAQs

    What type of property is this?
    Restaurant - 3,982 SF restaurant on 1.23 acres with ample parking.
    Where is this restaurant located?
    The property is located at 900 Pronghorn Street Casper, WY.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: +/- 3,982 sq. ft. restaurant with C‑4 zoning, allowing various commercial uses.; +/- 1.23 acre parcel with ample parking: 57 spaces (14.28 per 1,000 sq. ft.).; Equipped with walk‑in refrigerator, walk‑in freezer, and **4 kitchen hoods**.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Sauter
    Real Estate License ID: CA 01084092
    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
    900 Pronghorn Street, 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!