1607 Cy AveCasper, WY 82604

Property Details for 1607 Cy Ave

Year built

1982

Lot size

0.55 AC

Property size (Sq ft)

4,989 SF

Property type

Office properties

Property subtype

Office buildings

APN

3379-17-11-9-00200

APU

33791711900200

Description

This exceptional 14,000 square foot creative office building, located at 1607 CY Avenue in Casper, Wyoming, presents a compelling owner-user investment opportunity. Priced at $1,500,000 ($105.26/SF), this Class B property boasts high visibility overlooking Garden Creek Park and ample off-street parking with 40 spaces. The building, constructed in 1982, comprises three stories within a single building on a 35,295 square foot lot, zoned for General Business use. The 90% occupancy rate across its 12 units indicates strong tenant demand. The property features a gross lease type and offers 14,250 total square feet of space. Recent major updates to the building's operating systems enhance its efficiency and appeal. This is an excellent opportunity for a business seeking a prominent location with substantial space and convenient parking in a thriving Casper community. The corporation ownership structure offers a streamlined acquisition process.

• CAP approach

  CAP return

  Valuation

  6%

  $1,080,739

  6.5%

  $997,605

  7%

  $926,347

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,191,379

  Geo Method

  $412,191

• Alternative Use

  Use

  Valuation

  Residential

  $1,237,030

  Hospitality

  $1,133,113

  Educational

  $942,737

  Medical

  $975,159

  Retail

  $1,466,479

Location Insight

City

Casper

County

Natrona

State

Wyoming

Latitude

42.8307

Longitude

-106.345

CBSA code

16220

CBSA name

CASPER, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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