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Property profile & analytics
OFF-MARKET Estimated value $1,660,000
Medical Office Space

1026 2nd St Casper, WY 82601-2902

15,476 SF 0.31 ac lot Built 1979
Entity Owned 8-yr Hold Free & Clear
Property ID
US95-0009305
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Total area 15,476 SF
Lot 0.31 ac (13,550 SF)
APN 3379-10-20-3-00700
UPID US95-0009305
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Digestive Care Specialists Physician
  • Dr. Jeffrey W. Cloud, MD Physician
  • William S. Shear, MD Physician
  • Anna Knopp, FNP-C Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$1.66M
Owner & transaction history
Sugar Dog LLC · 8 yrs held
Sugar Dog LLC
since 2018
7 recorded transactions
2019
Price N/A
2018
Price N/A
2014
Price N/A
2009
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.3M +51.4%
Restaurant $1.7M +13.2%
Apartment house (5+ units) $1.6M +7.2%
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