Property profile

1989 Oil Dr Casper, WY 82604

OFF-MARKET
Warehouses
Property ID
US95-0054659
3,600 SF 1.67 ac lot Built 2008
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional self-storage facility in Casper, Wyoming, presents a compelling investment opportunity. Boasting 236 units within a 3.89-acre lot, this 2008-built property enjoys a prime location at 1989 Oil Dr, Casper, WY 82604. Currently operating at 80.25% occupancy, it generates a substantial net operating income (NOI) of $143,435, translating to an attractive 6.23% capitalization rate. The asking price is $2,300,618. Casper's robust economy, fueled by a growing population and expanding commercial sector, ensures consistent demand for storage solutions. The facility's strategic location within Casper, a central Wyoming hub, attracts a diverse clientele from both residential and commercial sectors. The inherent stability of the self-storage industry, characterized by minimal seasonal fluctuations and low maintenance requirements, contributes to a steady income stream and high profit margins. Favorable economic indicators in Casper further solidify this investment's long-term potential. This property offers a rare blend of strong performance, stable cash flow, and significant growth prospects in a thriving market.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2008
Total area 3,600 SF
Lot 1.67 ac (72,745 SF)
APN 3480-34-10-2-01700
UPID US95-0054659

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Storage Facility

Location

1989 Oil Dr Casper, WY 82604-1510
Casper metro Census 1802 CASPER, WY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2013
7 recorded transactions
2018
Price N/A
2016
Price N/A
2013
Price N/A
2007
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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