Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2940 Talon Dr Casper, WY 82604

    • Land
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2940 Talon Dr

    Lot size
    0.18 lot acres
    Property type
    Land

    Description

    This exceptional 0.18-acre commercial land parcel, located at 2940 Talon Dr in Casper, Wyoming, presents a unique investment opportunity. Zoned C2, this property is situated within a Planned Unit Development (PUD), offering a prime location for various commercial ventures. The sale includes an undivided interest in the common area, ensuring shared responsibility for maintenance and upkeep. A CAM (Common Area Maintenance) fee will be assessed; the exact amount is to be determined. Prospective buyers should note that all construction plans must receive prior approval from the Architectural Control Committee, ensuring the consistent aesthetic appeal of the development. The property's address is 2940 Talon Dr, Casper, WY 82604, and is conveniently located in Natrona County. The asking price for this exceptional commercial land opportunity is $441,728. This is an ideal site for entrepreneurs seeking a strategic location in a thriving Casper commercial area. The property's coordinates are 42.8157733 latitude and -106.3617589 longitude. Don't miss this chance to acquire a valuable asset in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Casper
    County
    Natrona
    State
    Wyoming
    Longitude
    -106.362
    Latitude
    42.8158

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      2930 Talon Dr

      Land • 0.17 Acres
      2930 Talon Dr, Casper, WY 82604
      View Details
    • Value Estimation by Request
      0.18 Acres

      3080 Talon Dr

      Land • 0.18 Acres
      3080 Talon Dr, Casper, WY 82604
      View Details
    • Value Estimation by Request
      0.18 Acres

      2950 Talon Dr

      Land • 0.18 Acres
      2950 Talon Dr, Casper, WY 82604
      View Details
    • Value Estimation by Request

      3250 Talon Dr

      Land
      3250 Talon Dr, Casper, WY 82604
      View Details
    • Value Estimation by Request
      1.19 Acres

      3367 Patriot Dr

      Land • 1.19 Acres
      3367 Patriot Dr, Casper, WY 82604
      View Details
    • Value Estimation by Request
      6.26 Acres

      2921 Independence Ct

      Land • 6.26 Acres
      2921 Independence Ct, Casper, WY 82604
      View Details

    Similar Nearby for Sale

    • $550,000
      0.53 Acres

      Prime Casper Commercial Land

      0.53-acre lot, ideal business location
      12 Plaza Dr, Casper, WY 82604
      View Details
    • $450,000
      9.73 Acres

      Casper Mountain View Lot

      9.73 Acres, Build Your Dream Home
      6471 Zero Rd, Mills, WY 82604
      View Details
    • $6,400,000
      1,422.00 Acres

      I-25 Frontage Agricultural Land

      1,422 Acres, Casper, WY, I-25 Access
      I-25 Frontage Ormsby, Bessemer Bend, WY 82604
      View Details
    • $1,175,000
      80.00 Acres

      Oregon Trail Ranch: Alcova, WY

      80± Acres, Stunning Views, Historic Ranch
      28050 Turkey Track Rd, Casper, WY 82604
      View Details
    • $429,000

      Heavy Industrial Land with Shops

      5.19 acres of heavy industrial land with two shops.
      425 Gehring St, Casper, WY 82604
      View Details
    • $375,000
      5,853 SF

      Casper Commercial Building - Prime Location

      High-traffic area, 5,853 sq ft, 0.79 acres.
      7621 Yellowstone Hwy, Casper, WY 82604
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      33,000 SF

      Mountain View Retail Center

      High-traffic retail spaces available
      4693 Yellowstone Hwy, Mills, WY 82604
      View Details
    • Contact for pricing
      1,980 SF

      Casper Westside Gas Station Investment

      High-traffic retail location, 1,980 sq ft.
      1010 Cy Ave, Casper, WY 82604
      View Details
    • $7 SF/Yr
      9,070 SF

      Casper Industrial Flex Space For Lease

      9,070 SF Flex Space w/ Office & Yard
      7220 Derrick Dr, Casper, WY 82604
      View Details
    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.
    2940 Talon Dr
    Casper, WY 82604
    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

    Google sign-in failed. Please try again or use another login method.