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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Manufacturing properties
1450 7th Mile Rd, Casper, WY 82604-2039
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US95-0052215
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Total area
19,978 SF
Lot
10.33 ac (449,801 SF)
APN
3480-32-40-0-04300
UPID
US95-0052215
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
-
Reeb Welding General Contractor
-
Fabrication Technologies Inc Construction Company General Contractor
-
Wind River Mining-Engineering Industrial Park Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$951k
Blend (final)
Blend
$935k
Owner & transaction history
Reeb Holdings LLC · 1 yrs held
Reeb Holdings LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+36.4%
Warehouse, storage
$1.1M
+22.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Casper submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Casper submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$860,000
Current use
RETAIL STORES
$1,175,000
Change: +36% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,055,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$47 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$17,928
Tax year 2022
Assessed value
$264,072
Assessed 2023
Previous assessed
$213,150
+23.9% YoY
Effective rate
6.79%
On assessed value
Assessed land
$40,527
Assessed improvement
$223,545
Land market value
$352,411
Improvement market value
$1,943,872
Total market value
$2,296,283
Applied tax rate
120.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
19,978 SF
Lot
10.33 ac (449,801 SF)
APN
3480-32-40-0-04300
UPID
US95-0052215
Jurisdiction
NATRONA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$860,000
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
10.33 ac
Current owner
From public records · entity-resolved
Reeb Holdings LLC
Entity
Mailing address
9652 W POISON SPIDER RD, CASPER, WY 82604-9506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
—
Reeb Holdings LLC
—
Deed
related
$700,000 · First State Bank
Jul 17, 2025
—
Reeb Holdings LLC
—
Deed
related
$1,102,415 · First State Bank Of Wyoming
May 13, 2025
—
Reeb Holdings LLC
—
Deed
related
$660,000 · First State Bank
Apr 25, 2025
—
Reeb Holdings LLC
Aaron D Reeb
Deed
related
$660,000 · First State Bank
Jul 10, 2020
—
Reeb Welding LLC
—
Deed
related
$1,266,000 · First State Bank
Jun 8, 2018
—
Reeb Welding LLC
Rubis Land Co LLC
Warranty Deed
$1,280,000 · First Interstate Bk
Feb 9, 2017
$1,200,100
Rubis Land Co LLC
Black Range Minerals Ablation
Deed In Lieu Of Foreclosure
$1,200,000 · Rubis Land Co LLC
Apr 2, 2015
—
Black Range Minerals Ablation
Ablation Technologies LLC
Quit Claim Deed
related
—
Jul 19, 2012
—
Ablation Technologies LLC
Rubis Land Co LLC
Warranty Deed
$1,200,000 · Rubis Land Co LLC
—
—
Rubis Land Co LLC
—
Deed Of Trust
related
$332,000 · Frontier Certified Dev Co INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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