Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    159 Wolcott St Casper, WY 82601-1987
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    159 Wolcott St Casper, WY 82601-1987

    View on Map
    • Office buildings
    • 71,717 SF
    • 0.58 lot acres
    Off-Market
    Property ID
    US95-0030386
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • First American Title Insurance Company / Escrow Service / Title Company
    • Ide Land & Leasing Company / Real Estate Agency
    • Wyoming Outfitters & Guides Association / Association Or Organization
    • Welborn Sullivan Meck & Tooley, P.C. / Law Firm
    • Schwartz Ryan J / Law Firm

    Property Details for 159 Wolcott St

    Year built
    1949
    Lot size
    0.58 lot acres
    Property size
    71,717 SF
    Property type
    Office buildings
    APN
    3379-04-41-7-00400
    APU
    33790441700400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,284,000
      Market price range: $2.28M - $10.6M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Casper
    County
    Natrona
    State
    Wyoming
    Longitude
    -106.323
    Latitude
    42.8511
    CBSA code
    16220
    CBSA name
    CASPER, WY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,810
    $16,254
    $195,353
    $211,607
    -
    $171,096
    $2,056,350
    $2,227,446

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      513 Lennox St

      OFFICE BUILDING • 1,280 SF
      513 Lennox St, Casper, WY 82601-2144
      View Details
    • Value Estimation by Request
      779 SF

      1414 Burlington Ave

      OFFICE BUILDING • 779 SF
      1414 Burlington Ave, Casper, WY 82601-2107
      View Details
    • Value Estimation
      $530,000
      18,286 SF

      777 Overland Trl Ste, Unit 103

      OFFICE BUILDING • 18,286 SF
      777 Overland Trl Ste, Casper, WY 82601-1319
      View Details
    • Value Estimation
      $530,000
      18,286 SF

      777 Overland Trl, Unit 202

      OFFICE BUILDING • 18,286 SF
      777 Overland Trl, Casper, WY 82601-1318
      View Details
    • Value Estimation
      $1,280,000
      7,768 SF

      302 David St

      OFFICE BUILDING • 7,768 SF
      302 David St, Casper, WY 82601-1778
      View Details
    • Value Estimation
      $1,485,000
      13,160 SF

      120 Durbin St

      OFFICE BUILDING • 13,160 SF
      120 Durbin St, Casper, WY 82601-2512
      View Details

    Similar Nearby for Sale

    • $725,000

      Remodeled Office Building in Casper

      Turn-key commercial property with high visibility and ample parking.
      1445 S Poplar St, Casper, WY 82601
      View Details
    • Contact for pricing

      Multi-Story Office Building for Sale

      94,000 SF office building in Casper, Wyoming for sale.
      104 S Wolcott St, Casper, WY 82601
      View Details
    • Contact for pricing
      27,754 SF

      Historic Casper Tower Redevelopment Opportunity

      Iconic nine-story building in the heart of Casper.
      100 N Center St, Casper, WY 82601
      View Details
    • $600,000
      0.32 Acres

      Historic Casper Building For Redevelopment

      Iconic nine-story building in Casper, WY, for redevelopment.
      100 N Center St, Casper, WY 82601
      View Details
    • $1,950,000

      Downtown Casper Office Building Opportunity

      Prime downtown office building with parking and expansion potential.
      201 N Wolcott St, Casper, WY 82601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Cottonwood Park

      Office suites available in convenient Casper location near I-25.
      907 N Poplar St, Casper, WY 82601
      View Details
    • Contact for pricing

      Versatile Commercial Space on Poplar

      Adaptable space suitable for various businesses with ample parking.
      1030 N Poplar St, Casper, WY 82601
      View Details
    • Contact for pricing
      2,268 SF

      Casper Warehouse - Prime Location

      Single-tenant warehouse, 2,268 sq ft.
      840 Cy Ave, Casper, WY 82601
      View Details
    • Contact for pricing

      Versatile Commercial Spaces Available

      Varied spaces with flexible terms in a desirable location.
      4000 S Poplar St, Casper, WY 82601
      View Details
    • Contact for pricing

      Retail Spaces at Big D Oil

      New construction retail spaces available at a Big D Oil.
      4501 SE Wyoming Blvd, Casper, WY 82601
      View Details
    • Contact for pricing

      Industrial Land Near I-25

      4.77 acres of industrial land for lease near I-25.
      3029 Salt Creek Hwy, Casper, WY 82601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    159 Wolcott St
    Casper, WY 82601-1987
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!