Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2403 Clover Rd Casper, WY 82604-1800

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2403 Clover Rd Casper, WY 82604-1800

    View on Map
    • Warehouses
    • 8,600 SF
    • 1.29 lot acres
    Off-Market
    Last Sale Jun 9, 2021
    Property ID
    US95-0090042
    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

    • Pump & Process Solutions / Factory / Industrial Manufacturer
    • All Trees LLC / Landscaping / General Contractor

    Property Details for 2403 Clover Rd

    Year built
    1979
    Lot size
    1.29 lot acres
    Property size
    8,600 SF
    Property type
    Warehouses
    APN
    3480-28-40-4-00900
    APU
    34802840400900

    Description

    This exceptional commercial property, located at 2403 Clover Road in Casper, Wyoming, presents a unique investment opportunity. The 8,600 square foot building sits on a spacious 1.29-acre lot and is divided into four distinct units. Units 1 and 2 each offer 1,500 square feet of usable space, while units 3 and 4 provide slightly larger spaces at 1,600 square feet each. This versatile layout allows for a variety of uses, catering to multiple tenants or a single owner-operator seeking ample space. A significant advantage is the inclusion of a substantial 2,400 square foot pole barn, directly attached to Unit 1. Access to the pole barn is convenient, achievable through a garage door within Unit 1 or via a separate exterior entrance. This added space provides significant storage or workshop potential, enhancing the overall value and functionality of the property. The property's location in Casper offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the community. Priced at $535,000, this property represents a compelling investment opportunity in a thriving Wyoming market.

    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
    -106.438
    Latitude
    42.8801
    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
    $2,930
    $10,365
    $32,787
    $43,152
    -
    $109,103
    $345,128
    $454,231

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      482 1st Ave

      WAREHOUSE, STORAGE • 6,000 SF
      482 1st Ave, Mills, WY 82604-2251
      View Details
    • Value Estimation by Request
      1,800 SF

      133 2nd Ave

      WAREHOUSE, STORAGE • 1,800 SF
      133 2nd Ave, Mills, WY 82604
      View Details
    • Value Estimation by Request
      2,244 SF

      55 7th Ave

      WAREHOUSE, STORAGE • 2,244 SF
      55 7th Ave, Mills, WY 82604-2471
      View Details
    • Value Estimation by Request
      2,800 SF

      4988 Buick St

      WAREHOUSE, STORAGE • 2,800 SF
      4988 Buick St, Mills, WY 82604-2426
      View Details
    • Value Estimation by Request
      1,600 SF

      4720 Cleveland St

      WAREHOUSE, STORAGE • 1,600 SF
      4720 Cleveland St, Mills, WY 82604-2347
      View Details
    • Value Estimation by Request
      1,230 SF

      4980 Oregon Trl

      WAREHOUSE, STORAGE • 1,230 SF
      4980 Oregon Trl, Mills, WY 82604-2635
      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
    • Contact for pricing
      10,752 SF

      Versatile Commercial Building For Sale

      Well-maintained, climate-controlled building suitable for various uses.
      7383 West Rd N, 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
    • $225,000

      Industrial Property on Yellowstone Highway

      5,853 SF industrial building on 34,412 SF lot.
      7621 W Yellowstone Hwy, Casper, WY 82604
      View Details
    • $650,000
      5,000 SF

      Mills Industrial Property: 5,000 sq ft

      Spacious industrial building, 1.19 acres, $650,000.
      6747 Uranium Rd, Mills, WY 82604
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property with Fenced Yard

      Lease opportunity: industrial space with office and climate-controlled shop.
      7220 N Derrick Dr, Casper, WY 82604
      View Details
    • Contact for pricing

      Prime Commercial Space in Casper

      High-visibility commercial space ideal for retail, convenience, or gas.
      1010 Cy Ave, Casper, WY 82604
      View Details
    • Contact for pricing

      Retail/Office Spaces on Yellowstone Hwy

      Retail and office spaces available in high-traffic Mills location.
      4693 W Yellowstone Hwy, Mills, WY 82604
      View Details
    • Contact for pricing

      Wyoming Ranch with River Frontage

      35-acre Wyoming ranch featuring river frontage and guest cabins.
      18187 State Highway 220, Casper, WY 82604
      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.
    2403 Clover Rd
    Casper, WY 82604-1800
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!