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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Warehouses
240 Nichols Ave Casper, WY 82601-1800
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US95-0030490
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,832 SF
Lot
0.32 ac (13,842 SF)
APN
3379-04-31-5-00100
UPID
US95-0030490
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
-
Hose & Rubber Supply - Warehouse Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Hose & Rubber Supply Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$543k
Blend (final)
Blend
$505k
Owner & transaction history
Gifthorse LLC · 3 yrs held
Gifthorse LLC
since 2023
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$810,000
+82.7%
Office building
$770,000
+74.4%
Medical building
$755,000
+70.5%
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%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$445,000
Current use
APARTMENT HOUSE (5+ UNITS)
$810,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: +70% · Conversion: Difficult
COMMERCIAL (GENERAL)
$660,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$445,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$64 / 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
$4,902
Tax year 2022
Assessed value
$67,256
Assessed 2023
Previous assessed
$69,243
-2.9% YoY
Effective rate
7.29%
On assessed value
Assessed land
$11,409
Assessed improvement
$55,847
Land market value
$120,092
Improvement market value
$587,864
Total market value
$707,956
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Total area
7,832 SF
Lot
0.32 ac (13,842 SF)
APN
3379-04-31-5-00100
UPID
US95-0030490
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
WAREHOUSE, STORAGE Current
Est. value
$445,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$810,000
OFFICE BUILDING
Est. value
$770,000
MEDICAL BUILDING
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$445,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Gifthorse LLC
Entity
Mailing address
240 NICHOLS AVE, CASPER, WY 82601-1800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
—
Gifthorse LLC
—
Deed
related
$1,256,000 · First State Bank
Jun 12, 2023
—
Gifthorse LLC
—
Deed
related
$30,000 · First State Bank
Mar 20, 2023
—
Gifthorse LLC
Lester L Crawford JR
Warranty Deed
$420,000 · First State Bank
Mar 16, 2023
—
Gifthorse LLC
—
Deed
related
$420,000 · First State Bank
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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