Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wyoming Blvd Commercial Property Title is generated by Realmo AI

    350 SE Wyoming Blvd, Casper, WY 82609

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial property available for sale in Casper, Wyoming.

    Type:Retail
    Added:
    Jun 6, 2024
    Days on Market:
    727
    Last Refresh:
    May 12 at 9:56 pm

    Property Features for 350 SE Wyoming Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Chuck Hawley

    Listing agent Chuck Hawley License #WY

    Listing office Cornerstone Real Estate

    Listing date Jun 6, 2024

    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 Cornerstone Real Estate

    HighLights

    • Year Built: 1984
    • Contact Chuck Hawley at 307‑259‑1315
    • Contact Forrest Leff at 307‑262‑2393

    Overview

    Located on SE Wyoming Blvd in Casper, Wyoming, this commercial property is available for sale. Please contact Chuck Hawley or Forrest Leff for more information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Los Amigos Mexican ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Casper
    County
    Natrona
    State
    Wyoming
    Longitude
    -106.2710462
    Latitude
    42.8475619

    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
    • $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
    • $328,000
      1,216 SF

      Versatile Duplex in Casper, Wyoming

      Duplex with six bedrooms, ideal for homeowners or investors.
      831 E 3rd St, 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
    • $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
    • $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

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for sale in Casper, Wyoming.
    Where is this specialty property located?
    The property is located at 350 SE Wyoming Blvd Casper, WY.
    What are key features of this property?
    This property features: Year Built: 1984; Contact Chuck Hawley at 307‑259‑1315; Contact Forrest Leff at 307‑262‑2393
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chuck Hawley
    Real Estate License ID: WY
    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
    350 SE Wyoming Blvd, Casper, WY 82609
    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!