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    1850 Cy Ave Casper, WY 82604-3447
    Property profile & analytics

    1850 Cy Ave, Casper, WY 82604-3447

    View on Map
    • Showrooms
    • 5,200 SF
    • 0.85 lot acres
    Off-Market
    Property ID
    US95-0049407
    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
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shifters / Alternative Medicine Practice / Spa & Massage Center
    • Interior Solutions / Building Supply / Hardware & Home Improvement

    Property Details for 1850 Cy Ave

    Year built
    1976
    Lot size
    0.85 lot acres
    Property size
    5,200 SF
    Property type
    Showrooms
    APN
    3379-17-21-5-04800
    APU
    33791721504800

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $665,000
      6.5%
      $615,000
      7%
      $570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Casper
    County
    Natrona
    State
    Wyoming
    Longitude
    -106.348
    Latitude
    42.8307
    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
    $6,076
    $20,402
    $62,961
    $83,363
    -
    $214,753
    $662,750
    $877,503

    Comparable in this City

    • Value Estimation
      $600,000
      5,104 SF

      5805 Cy Ave

      SHOW ROOM, WAREHOUSE • 5,104 SF
      5805 Cy Ave, Casper, WY 82604-4102
      View Details
    • Value Estimation
      $510,000
      4,101 SF

      2727 Cy Ave

      SHOW ROOM, WAREHOUSE • 4,101 SF
      2727 Cy Ave, Casper, WY 82604-3434
      View Details
    • Value Estimation
      $1,070,000
      8,288 SF

      1700 1st St

      SHOW ROOM, WAREHOUSE • 8,288 SF
      1700 1st St, Casper, WY 82604-2876
      View Details
    • Value Estimation
      $1,160,000
      14,030 SF

      1071 Cy Ave

      DRUG STORE, PHARMACY • 14,030 SF
      1071 Cy Ave, Casper, WY 82604-3515
      View Details
    • Value Estimation
      $805,000
      5,917 SF

      4651 Yellowstone Hwy

      CONVENIENCE STORE • 5,917 SF
      4651 Yellowstone Hwy, Mills, WY 82604-2211
      View Details
    • Value Estimation by Request
      5,856 SF

      3500 Cy Ave

      FINANCIAL BUILDING • 5,856 SF
      3500 Cy Ave, Casper, WY 82604-4343
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,827 SF

      Versatile Commercial Property Opportunity

      High-visibility commercial property with warehouse space and ample parking.
      4113 W Yellowstone Hwy, Casper, WY 82604
      View Details
    • $1,430,000

      Prime Commercial Property on Yellowstone Hwy

      High-visibility commercial property with warehouse space and ample parking.
      4113 W Yellowstone Hwy, Mills, WY 82604
      View Details
    • $750,000
      2,428 SF

      Mills, WY Convenience Store Opportunity

      Convenience store for sale in Mills, Wyoming.
      4603 W Yellowstone Hwy, Mills, WY 82604
      View Details
    • Contact for pricing
      10,599 SF

      Les Schwab NNN Lease Investment

      20-year NNN lease with rental increases and corporate guarantee.
      3325 Aerie Dr, Casper, WY 82604
      View Details
    • $175,000
      2,306 SF

      Mills, WY Commercial Property

      Affordable 2,306 sq ft Commercial Space
      4921 Highway St, Mills, WY 82604
      View Details
    • $375,000
      5,853 SF

      Casper Commercial Building - Prime Location

      High-traffic area, 5,853 sq ft, 0.79 acres.
      7621 Yellowstone Hwy, Casper, WY 82604
      View Details
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    Casper, WY 82604-3447
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    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
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