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Property profile & analytics
FOR SALE
Office buildings
1607 Cy Ave Casper, WY 82604
Entity Owned
Free & Clear
Property ID
US95-0049213
For Sale
1 / 12
$1,295,000
1607 Cy Ave, Casper, WY 82604
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
4,989 SF
Lot
0.55 ac (24,106 SF)
APN
3379-17-11-9-00200
UPID
US95-0049213
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
-
Can Do Co Construction Company General Contractor
-
Lower & Co PC Accounting Firm Tax Preparation
-
Engineering Design Associates Engineering Consultant
-
Windy Ridge Psychological Services Physician Medical Clinic
-
Cheryl Godley, Ph.D. Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$585k
Owner & transaction history
LOWER BROTHERS CONST INC
LOWER BROTHERS CONST INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$725,000
+75.3%
Medical building
$430,000
+4.1%
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
OFFICE BUILDING
$415,000
Current use
COMMERCIAL (GENERAL)
$725,000
Change: +75% · Conversion: Easy
MEDICAL BUILDING
$430,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$117 / 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
$7,025
Tax year 2022
Assessed value
$96,372
Assessed 2023
Previous assessed
$87,375
+10.3% YoY
Effective rate
7.29%
On assessed value
Assessed land
$15,832
Assessed improvement
$80,540
Land market value
$166,654
Improvement market value
$847,794
Total market value
$1,014,448
Applied tax rate
150.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1982
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Units
8
Total area
4,989 SF
Lot
0.55 ac (24,106 SF)
APN
3379-17-11-9-00200
UPID
US95-0049213
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
OFFICE BUILDING Current
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$725,000
MEDICAL BUILDING
Est. value
$430,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1982
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
8
Lot
0.55 ac
Current owner
From public records · entity-resolved
LOWER BROTHERS CONST INC
Entity
Free & Clear · 0 yrs held
Mailing address
1607 CY AVE STE #201, CASPER, WY 82604-3573
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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