Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5121 2nd St Casper, WY 82609-4525

    Property Lookup

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

    5121 2nd St Casper, WY 82609-4525

    View on Map
    • Retail space
    • 8,280 SF
    • 1.15 lot acres
    Off-Market
    Property ID
    US95-0100105
    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

    • Verizon Business Services / Business To Business Service
    • Verizon / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 5121 2nd St

    Year built
    2016
    Lot size
    1.15 lot acres
    Property size
    8,280 SF
    Property type
    Retail space
    APN
    3378-07-20-1-00700
    APU
    33780720100700

    Description

    This exceptional Class A retail property, located at 5121 E 2nd St, Casper, WY 82609, presents a unique investment opportunity. The 7,852 square foot building, constructed in 2015 and renovated in 2016, sits on a 1.15-acre lot (APN 33780720100700) and offers a single, multi-tenant suite. The property is zoned C and boasts a highly desirable endcap location with excellent visibility and Interstate 25 exposure. With a minimum divisible space of 1,200 square feet and a maximum contiguous space of 7,852 square feet, this property is adaptable to a variety of retail uses. The site benefits from high traffic counts, with an average daily traffic (ADT) of 27,069 on East 2nd Street, and enjoys adjacency to a substantial 416-unit high-end residential development, ensuring a strong customer base. Ample parking is provided with 71 spaces. The property features a single story building and is conveniently located near the intersection of 2nd Street and Blackmore Road in Natrona County. This is a rare opportunity to acquire a prime retail space in a thriving Casper, Wyoming location. Contact us for pricing and further details.

    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
    -106.252
    Latitude
    42.8465
    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
    $7,500
    $24,389
    $78,507
    $102,896
    -
    $256,727
    $826,388
    $1,083,115

    Comparable in this City

    • Value Estimation by Request
      936 SF

      152 University Ct

      RETAIL STORES (PERSONAL SERVICES) • 936 SF
      152 University Ct, Casper, WY 82609-2024
      View Details
    • Value Estimation
      $600,000
      15,400 SF

      5050 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 15,400 SF
      5050 2nd St, Casper, WY 82609-4200
      View Details
    • Value Estimation by Request
      4,640 SF

      310 Walsh Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,640 SF
      310 Walsh Dr, Casper, WY 82609-2308
      View Details
    • Value Estimation by Request
      3,164 SF

      521 Wyoming Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,164 SF
      521 Wyoming Blvd, Casper, WY 82609-4220
      View Details
    • Value Estimation
      $1,200,000
      58,000 SF

      2911 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 58,000 SF
      2911 2nd St, Casper, WY 82609-2163
      View Details
    • Value Estimation
      $505,000
      8,991 SF

      555 Newport

      RETAIL STORES (PERSONAL SERVICES) • 8,991 SF
      555 Newport, Casper, WY 82609-3748
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,064 SF

      Turnkey Medical Facility in Casper

      13,064 SF medical facility on 2.08 acres for sale.
      733 Landmark Dr, Casper, WY 82609
      View Details
    • Contact for pricing

      2009 S Beverly St, Casper, WY 82609

      Land
      2009 S Beverly St, Casper, WY 82609
      View Details
    • Contact for pricing

      Prime Land for Retail Development

      Land with high visibility and easy interstate access.
      5070 E 2Nd St, Casper, WY 82609
      View Details
    • $1,245,000
      0.09 Acres

      Move-in Ready Commercial Building

      4,000 SF commercial building with high-end finishes in Casper.
      5880 E 2Nd St, Casper, WY 82609
      View Details
    • $9,950,000
      3,780.00 Acres

      Casper Ranch: Prime Development Land

      3,780-acre Wyoming ranch near Casper
      0 Ranch Rd, Casper, WY 82609
      View Details
    • $1,200,000
      3,060 SF

      Prime Casper Restaurant Opportunity

      Established Eatery, 3,060 sq ft, $1.2M
      2877 2Nd St, Casper, WY 82609
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hilltop Shopping Center Retail Suites

      Retail suites available for lease in established shopping center.
      2625 E 2Nd St, Casper, WY 82609
      View Details
    • Contact for pricing

      Prime Retail Space in Casper

      Retail space available in Triangle Plaza Shopping Center.
      4801 E 2Nd St, Casper, WY 82609
      View Details
    • Contact for pricing

      4336 E 2nd St, Casper, WY 82609

      Retail space
      4336 E 2Nd St, Casper, WY 82609
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 350 SE Wyoming Blvd.
      350 SE Wyoming Blvd, Casper, WY 82609
      View Details
    • Contact for pricing

      Retail Spaces Near Eastridge Mall

      Retail spaces available near Eastridge Mall and residential development.
      401 Newport Rd, Casper, WY 82609
      View Details
    • Contact for pricing

      Eastridge Mall Retail Opportunity

      Regional shopping destination with flexible leasing options and diverse amenities.
      601 SE Wyoming Blvd, Casper, WY 82609
      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.
    5121 2nd St
    Casper, WY 82609-4525
    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

    Thank You for Inquiry

    5121 2nd St, Casper, WY, 82609

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!