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

    4901 2Nd St Casper, WY 82609

    • Banks
    • 3,966 SF
    • 1.08 lot acres
    For Sale
    View listing
    $1,800,000
    Last Sale
    May 06, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US95-0031449
    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.

    Current Use by Public Records

    • First Interstate Bank / Bank
    • First Interstate Bank - ATM / Atm / Money Transfer Service

    Property Details for 4901 2Nd St

    Year built
    2020
    Lot size
    1.08 lot acres
    Property size
    3,966 SF
    Property type
    Banks
    APN
    3379-12-10-7-00900
    APU
    33791210700900

    Description

    This exceptional 1.54-acre commercial land parcel presents a remarkable investment opportunity in Casper, Wyoming. Located at 4901 E 2nd St, this property boasts a highly desirable C2 zoning designation, opening doors to a wide array of development possibilities. The expansive lot offers significant potential for retail ventures, given its strategic location with convenient access to both E 2nd Street and Landmark Drive, ensuring high visibility and accessibility for potential businesses. The asking price is $1,800,000. The property's APN is 33791210700700. Situated in Natrona County, Wyoming, with a zip code of 82609, this location provides excellent connectivity within the Casper metropolitan area. The property's coordinates are 42.8477818 latitude and -106.2607916 longitude. This developable land is ready for your vision, offering a unique chance to establish a thriving commercial presence in a growing market. Serious inquiries are encouraged to explore the full potential of this exceptional property. The property is zoned for general commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $321,000
      Market price range: $176k - $321k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $260,000
      Current use
      COMMERCIAL (GENERAL)
      $430,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $360,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $290,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Casper
    County
    Natrona
    State
    Wyoming
    Longitude
    -106.26
    Latitude
    42.8473
    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
    $10,180
    $23,530
    $126,424
    $149,954
    -
    $247,686
    $1,330,784
    $1,578,470

    Comparable in this City

    • Value Estimation
      $335,000
      4,120 SF

      777 Landmark Dr

      FINANCIAL BUILDING • 4,120 SF
      777 Landmark Dr, Casper, WY 82609-4225
      View Details
    • Value Estimation
      $600,000
      12,256 SF

      5271 2nd St

      FINANCIAL BUILDING • 12,256 SF
      5271 2nd St, Casper, WY 82609-4591
      View Details
    • Value Estimation
      $1,055,000
      53,685 SF

      300 Country Clb Rd

      FINANCIAL BUILDING • 53,685 SF
      300 Country Clb Rd, Casper, WY 82609-2141
      View Details
    • Value Estimation
      $360,000
      4,521 SF

      1521 Centennial Ct

      FINANCIAL BUILDING • 4,521 SF
      1521 Centennial Ct, Casper, WY 82609-7304
      View Details
    • Value Estimation
      $220,000
      2,604 SF

      410 Wyoming Blvd

      FINANCIAL BUILDING • 2,604 SF
      410 Wyoming Blvd, Casper, WY 82609-4223
      View Details
    • Value Estimation
      $275,000
      4,059 SF

      4141 2nd St

      FINANCIAL BUILDING • 4,059 SF
      4141 2nd St, Casper, WY 82609-2318
      View Details

    Similar Nearby for Sale

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      Enterprise Drive Commercial Land Available

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      Casper Commercial Land - $140k

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      Casper Ranch: Prime Development Land

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    Similar Nearby for Lease

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      Eastridge Mall Retail Space

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      Blackmore Marketplace Retail Spaces

      Casper, WY Retail Opportunity
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      Casper Restaurant - Prime Location

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      126,000 SF

      Hilltop Shopping Center Lease Opportunity

      Casper, WY Retail/Flex Space Available
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      Casper Retail Center - Prime Location

      High-traffic retail space, 7,968 sq ft.
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    • $30 SF/Yr
      6,000 SF

      Prime Casper Warehouse Space

      6,000 sq ft industrial warehouse; single tenant.
      4801 2Nd St, Casper, WY 82609
      View Details
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    4901 2Nd St
    Casper, WY 82609
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    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
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