Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    523 Ctr St Casper, WY 82601-3130
    Back to Search
    Property profile & analytics

    523 Ctr St, Casper, WY 82601-3130

    View on Map
    • Individual retail properties
    • 7,200 SF
    • 0.24 lot acres
    Off-Market
    Property ID
    US95-0047871
    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

    • The SandTrap / Golf Course

    Property Details for 523 Ctr St

    Year built
    1961
    Lot size
    0.24 lot acres
    Property type
    Individual retail properties
    APN
    3379-09-13-0-00700
    APU
    33790913000700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 25, 2019 — Cassity Holding Co LLC Grimshaw Investments LLC Warranty Deed $450k · Hilltop Nat'l Bk
    Aug 22, 2017 — Grimshaw Investments LLC — Deed · related $235k · Wells Fargo Bk
    Nov 25, 2015 — Grimshaw Investments LLC Reeb,george P Warranty Deed · related —
    Sep 11, 2014 — George P Reeb Reeb D Joe Family Trust Quit Claim Deed · related —
    May 13, 2002 — Reeb Trust Reeb,d J Quit Claim Deed · related —
    — — D J Reeb — Deed Of Trust · related $120k · Seller
    — — Grimshaw Investments LLC — Deed Of Trust · related $235k · Wells Fargo Bk

    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
    -106.325
    Latitude
    42.8452
    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
    $3,443
    $9,691
    $37,548
    $47,239
    -
    $102,010
    $395,238
    $497,248

    Comparable in this City

    • Value Estimation by Request
      3,047 SF

      1445 2nd St

      DRY CLEANER
      1445 2nd St, Casper, WY 82601-2930
      View Details
    • Value Estimation by Request
      3,067 SF

      120 5th St

      LAUNDROMAT (SELF-SERVICE)
      120 5th St, Casper, WY 82601-3102
      View Details
    • Value Estimation by Request
      5,998 SF

      946 2nd St

      DRY CLEANER
      946 2nd St, Casper, WY 82601-2625
      View Details
    • Value Estimation by Request
      1,269 SF

      908 Yellowstone Hwy

      RETAIL STORES (PERSONAL SERVICES)
      908 Yellowstone Hwy, Casper, WY 82601-2047
      View Details
    • Value Estimation by Request
      1,050 SF

      633 Collins Dr

      GROCERY, SUPERMARKET
      633 Collins Dr, Casper, WY 82601-2325
      View Details
    • Value Estimation by Request
      1,288 SF

      1335 Mckinley St

      RETAIL STORES (PERSONAL SERVICES)
      1335 Mckinley St, Casper, WY 82601-3958
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,000 SF

      Multi-Tenant Retail Building For Sale

      Three-tenant retail building off I-25 in Casper, Wyoming.
      801 N Center St, Casper, WY 82601
      View Details
    • Contact for pricing
      1,395 SF

      High-Visibility Corner Commercial Building

      Corner commercial building with high visibility and traffic.
      855 Cy Ave, Casper, WY 82601
      View Details
    • Contact for pricing

      Versatile Commercial Building with Shop

      Commercial building with office, showroom, shop space, and alley access.
      1239 S Elk St, Casper, WY 82601
      View Details
    • Contact for pricing
      3,982 SF

      Restaurant Building on 1.23 Acres

      3,982 SF restaurant on 1.23 acres with ample parking.
      900 Pronghorn St, Casper, WY 82601
      View Details
    • $899,999
      9,600 SF

      Commercial Shop in Casper, WY

      9,600 sq/ft commercial shop on 1 acre near I-25.
      635 N Glenn Rd, Casper, WY 82601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces at Big D Oil

      New construction retail spaces available at a Big D Oil.
      4501 SE Wyoming Blvd, Casper, WY 82601
      View Details
    • Contact for pricing

      Versatile Commercial Spaces Available

      Varied spaces with flexible terms in a desirable location.
      4000 S Poplar St, Casper, WY 82601
      View Details
    • Contact for pricing

      Blackmore Marketplace Retail Spaces

      Premier retail spaces available in high-traffic Casper location.
      Blackmore Rd, Casper, WY 82601
      View Details
    • Contact for pricing
      2,268 SF

      Casper Warehouse - Prime Location

      Single-tenant warehouse, 2,268 sq ft.
      840 Cy Ave, Casper, WY 82601
      View Details
    • Contact for pricing

      Industrial Building in Bar Nunn

      20,230 SF industrial building on 5.88 acres for lease.
      1100 W Coyote Ave, Bar Nunn, WY 82601
      View Details
    • Contact for pricing

      Versatile Commercial Space on Poplar

      Adaptable space suitable for various businesses with ample parking.
      1030 N Poplar St, Casper, WY 82601
      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.
    523 Ctr St
    Casper, WY 82601-3130
    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
    523 Ctr St, Casper, WY, 82601
    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!