152 Industrial DrRock Springs, WY 82901

Property Details for 152 Industrial Dr

Year built

1975

Lot size

1.49 AC

Property size (Sq ft)

8,400 SF

Property type

Showrooms

APN

1905-22-1-00-030-00

APU

19052210003000

Description

This exceptional investment opportunity presents a single-tenant, net-leased industrial property located at 152 Industrial Dr, Rock Springs, Wyoming, 82901. The property consists of a ±9,000 square foot building situated on a 1.14-acre lot. Currently 100% occupied by Praxair Distribution, Inc., a globally recognized industrial gas company, under a NNN lease expiring January 31, 2026, offering a remaining lease term of approximately 1.2 years. The property boasts a strong net operating income (NOI) of $105,660, translating to an attractive 8.45% cap rate. The asking price is $1,250,000, representing a price per square foot of $138.89. Built in 1975, this single-story building is classified as a distribution, flex, and warehouse space. The property's strategic location along US Highway 191, a major city thoroughfare, provides excellent visibility and accessibility. The lease includes options for 2 and 3-year extensions, offering potential for long-term income generation. The property's APN is 04-1905-22-1-00-010.00. This is a compelling investment opportunity for those seeking a stable, high-yield return in a desirable location. Seller carry financing is available.

• CAP approach

  CAP return

  Valuation

  6%

  $2,010,390

  6.5%

  $1,855,750

  7%

  $1,723,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,065,020

  Geo Method

  $721,768

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,614,990

  Mixed-Use / Specialty

  $1,850,710

  Hospitality / Lodging

  $1,359,850

  Office

  $1,841,350

  Institutional / Educational

  $1,924,550

  Residential Income

  $2,251,720

  Multifamily

  $2,691,870

  Automotive / Energy

  $1,649,610

  Parking / Income-Based Land

  $567,707

  Restaurant / Food Service

  $965,926

  Healthcare / Senior Housing

  $1,896,250

Location Insight

City

Rock Springs

County

Sweetwater

State

Wyoming

Latitude

41.6174

Longitude

-109.234

CBSA code

40540

CBSA name

ROCK SPRINGS, WY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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