Property summary
This exceptional investment opportunity presents a single-tenant, net-leased industrial property located at 152 Industrial Dr, Rock Springs, Wyoming, 82901. The property consists of a ±9,000 square foot building situated on a 1.14-acre lot. Currently 100% occupied by Praxair Distribution, Inc., a globally recognized industrial gas company, under a NNN lease expiring January 31, 2026, offering a remaining lease term of approximately 1.2 years. The property boasts a strong net operating income (NOI) of $105,660, translating to an attractive 8.45% cap rate. The asking price is $1,250,000, representing a price per square foot of $138.89. Built in 1975, this single-story building is classified as a distribution, flex, and warehouse space. The property's strategic location along US Highway 191, a major city thoroughfare, provides excellent visibility and accessibility. The lease includes options for 2 and 3-year extensions, offering potential for long-term income generation. The property's APN is 04-1905-22-1-00-010.00. This is a compelling investment opportunity for those seeking a stable, high-yield return in a desirable location. Seller carry financing is available.
Property profile
VerifiedCap rate & NOI
Current use
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Big Box & Wholesale Store Building Supply
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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