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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office buildings
229 2nd St Casper, WY 82601-3198
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US95-0050992
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1918
Total area
8,190 SF
Lot
0.11 ac (5,000 SF)
APN
3379-09-11-0-00600
UPID
US95-0050992
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
-
Eggington's Restaurant
-
Michael David LLC Accounting Firm
-
United Country Real Estate - Zarello Land & Legacy Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$900k
Owner & transaction history
Eggingtons LLC · 5 yrs held
Eggingtons LLC
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+48.0%
Restaurant
$895,000
+10.6%
Apartment house (5+ units)
$845,000
+4.8%
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
$810,000
Current use
RETAIL STORES
$1,195,000
Change: +48% · Conversion: Moderate
RESTAURANT
$895,000
Change: +11% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$790,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$690,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$110 / 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
$9,747
Tax year 2022
Assessed value
$109,647
Assessed 2023
Previous assessed
$104,272
+5.2% YoY
Effective rate
8.89%
On assessed value
Assessed land
$6,251
Assessed improvement
$103,396
Land market value
$65,796
Improvement market value
$1,088,380
Total market value
$1,154,176
Applied tax rate
156.0000
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
Off-Market
Year built
1918
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
8,190 SF
Lot
0.11 ac (5,000 SF)
APN
3379-09-11-0-00600
UPID
US95-0050992
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
$810,000
RETAIL STORES
Est. value
$1.2M
RESTAURANT
Est. value
$895,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
MEDICAL BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$690,000
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1918
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Eggingtons LLC
Entity
Mailing address
2330 EASTHAVEN AVE, CASPER, WY 82609-4664
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2020
—
Eggingtons LLC
Ricor Properties LLC
Warranty Deed
$660,000 · Hilltop National Bank
Sep 25, 2020
—
Ricor Properties LLC
Allan L Mattern
Warranty Deed
related
—
Sep 10, 1998
—
Allan L Mattern
Kirkwood,william C
Grant Deed
related
—
—
—
Allan L Mattern
—
Deed Of Trust
related
$273,700 · Norwest Bank Wyoming NA
—
—
Allan L Mattern
—
Deed Of Trust
related
$60,000 · Norwest Bank Wyoming NA
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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