Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1988 1st Stl-m Casper, WY 82601-2747
    Back to Search
    Property profile & analytics

    1988 1st Stl-m, Casper, WY 82601-2747

    View on Map
    • Investment properties
    • 15,406 SF
    Off-Market
    Last Sale Aug 1, 2022
    Property ID
    US95-0345318
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drug Testing Services Natrona County / Drug Testing Service
    • Broad Reach Health & Wellness / Medical Clinic
    • Wellness Screening / Medical Clinic
    • Quest Diagnostics / Medical Clinic
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 1988 1st Stl-m

    Year built
    1966
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    3379-03-43-5-02900
    APU
    33790343502900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 1, 2022 — Broad Reach Investments LLC Vsr Properties LLC Warranty Deed $90k · Jonah Bank Of Wyoming
    Apr 8, 2021 — Vsr Properties LLC S & R Properties Quit Claim Deed · related —
    Oct 12, 2005 — S Properties Wyoming Orthotics & Prosthesti Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Casper
    County
    Natrona
    State
    Wyoming
    Longitude
    -106.298
    Latitude
    42.8506
    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
    $2,932
    $0.00
    $40,221
    $40,221
    -
    $0.00
    $423,374
    $423,374

    Comparable in this City

    • Value Estimation by Request
      15,406 SF

      1964 1st Sth-i

      OFFICE/RESIDENTIAL (MIXED USE)
      1964 1st Sth-i, Casper, WY 82601-2747
      View Details
    • Value Estimation by Request
      15,406 SF

      1924 1st Std

      OFFICE/RESIDENTIAL (MIXED USE)
      1924 1st Std, Casper, WY 82601-2747
      View Details
    • Value Estimation by Request
      1,878 SF

      733 K St

      OFFICE/RESIDENTIAL (MIXED USE)
      733 K St, Casper, WY 82601-1136
      View Details
    • Value Estimation by Request
      736 SF

      236 Midwest Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      236 Midwest Ave, Casper, WY 82601-2527
      View Details
    • Value Estimation
      $1,860,000
      14,890 SF

      162 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE)
      162 Ctr St, Casper, WY 82601-2522
      View Details
    • Value Estimation by Request
      15,444 SF

      1933 A St, Unit F-G

      OFFICE/RESIDENTIAL (MIXED USE)
      1933 A St, Casper, WY 82601-2224
      View Details

    Similar Nearby for Sale

    • $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
    • 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
    • $330,000
      4,200 SF

      4200 SF Warehouse/Shop in Casper

      4200 SF warehouse/shop with loft space in Casper, WY.
      540 E C 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
    • $43,500
      39.70 Acres

      Wyoming Prairie Land For Sale

      39.70-acre prairie parcel bordering BLM land with mountain views.
      789 Bridger Trl, Casper, WY 82601
      View Details
    • Contact for pricing
      1,395 SF

      High-Visibility Corner Commercial Building

      Corner commercial building with high visibility and traffic.
      855 Cy Ave, Casper, WY 82601
      View Details

    Similar Nearby for Lease

    • 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
      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

      Blackmore Marketplace Retail Spaces

      Premier retail spaces available in high-traffic Casper location.
      Blackmore Rd, Casper, WY 82601
      View Details
    • Contact for pricing

      Industrial Building in Bar Nunn

      20,230 SF industrial building on 5.88 acres for lease.
      1100 W Coyote Ave, Bar Nunn, 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
    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.
    1988 1st Stl-m
    Casper, WY 82601-2747
    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

    Thank You for Inquiry
    1988 1st Stl-m, Casper, WY, 82601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!