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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Apartment buildings
751 Andrea Ln Casper, WY 82609-2768
Individually Owned
20-yr Hold
Absentee Owner
Property ID
US95-0018609
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
FRAME
Total area
6,624 SF
Lot
1.52 ac (66,185 SF)
APN
3379-12-22-1-00800
UPID
US95-0018609
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$628k
Blend (final)
Blend
$580k
Owner & transaction history
Spring Hill Hsng Assocs I Ltd · 20 yrs held
Spring Hill Hsng Assocs I Ltd
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$720,000
+50.9%
Office building
$605,000
+27.0%
Restaurant
$490,000
+2.5%
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%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$475,000
Current use
COMMERCIAL (GENERAL)
$720,000
Change: +51% · Conversion: Moderate
OFFICE BUILDING
$605,000
Change: +27% · Conversion: Moderate
RESTAURANT
$490,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$480,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$88 / 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
$13,347
Tax year 2022
Assessed value
$183,108
Assessed 2023
Previous assessed
$183,108
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$28,750
Assessed improvement
$154,358
Land market value
$302,635
Improvement market value
$1,624,817
Total market value
$1,927,452
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
FORCED AIR
Buildings
5
Stories
2
Units
8
Rooms
4
Bathrooms
8
Total area
6,624 SF
Lot
1.52 ac (66,185 SF)
APN
3379-12-22-1-00800
UPID
US95-0018609
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$720,000
OFFICE BUILDING
Est. value
$605,000
RESTAURANT
Est. value
$490,000
MEDICAL BUILDING
Est. value
$480,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
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
1975
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
5
Units
8
Rooms
4
Bathrooms
8
Lot
1.52 ac
Current owner
From public records · entity-resolved
Spring Hill Hsng Assocs I Ltd
Individual
Mailing address
650 S WALSH DR, CASPER, WY 82609-2304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2020
—
Spring Hill Apartments LLC
—
Deed Of Trust
related
$2,217,500 · Wyoming Cmnty Dev Auth
Aug 18, 2020
—
Spring Hill Apartments LLC
—
Deed
related
$1,000,000 · Wyoming Cmnty Dev Auth
Jun 29, 2020
—
Spring Hill Apartments LLC
—
Deed
related
$4,707,900 · Dwight Cap
Apr 28, 2006
—
Spring Hill Hsng Assocs I Ltd
Spring Hill Hsng Assocs III
Quit Claim Deed
$1,596,000 · Capitalsource Mtg Fin
—
—
Whn One LLC
—
Deed Of Trust
related
$4,862,400 · Centennial Mortgage
—
—
Whn One LLC
—
Deed Of Trust
related
$764,000 · Wyoming Community Dev Auth
—
—
Spring Hill Apartments LLC
—
Deed Of Trust
related
$4,707,900 · Dwight Cap
—
—
Spring Hill Apartments LLC
—
Deed Of Trust
related
$1,000,000 · Wyoming Cmnty Dev Auth
—
—
Spring Hill Apartments LLC
—
Deed Of Trust
related
$2,217,500 · Wyoming Cmnty Dev Auth
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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