1026 2Nd StCasper, WY 82601

Property Details for 1026 2Nd St

Year built

1979

Lot size

0.31 AC

Property size (Sq ft)

15,476 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

3379-10-20-3-00700

APU

33791020300700

Description

This exceptional commercial real estate portfolio in Casper, Wyoming, presents a compelling investment opportunity. Comprising three Class A buildings totaling 55,802 square feet across 3.33 acres, this stabilized investment boasts 100% occupancy with 16 diverse tenants. The portfolio includes a mix of medical and traditional office spaces, zoned C2. The buildings are strategically located at 1026 E 2nd St, 136 S McKinley St, and 940 E 3rd St, all in Natrona County, zip code 82601. Additionally, a 0.37-acre development site at 804 E 3rd St offers significant future potential. The current Net Operating Income (NOI) is $784,853, representing a 6.68% cap rate on an asking price of $11,753,504. Major capital improvements have been completed within the last six years, enhancing the value and longevity of this asset. This multi-tenant portfolio provides a strong, diversified income stream with significant upside potential through future development. The property's prime location in central Casper ensures continued high demand and strong tenant retention. Detailed financial information and due diligence materials are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,352,319

  6.5%

  $3,094,448

  7%

  $2,873,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,695,516

  Geo Method

  $1,278,627

• Alternative Use

  Use

  Valuation

  Residential

  $3,837,116

  Hospitality

  $3,514,778

  Educational

  $2,924,254

  Medical

  $3,024,824

  Retail

  $4,548,839

Location Insight

City

Casper

County

Natrona

State

Wyoming

Latitude

42.849

Longitude

-106.312

CBSA code

16220

CBSA name

CASPER, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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