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

Other commercial real estate

Property subtype

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%

  $2,587,368

  6.5%

  $2,388,340

  7%

  $2,217,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,003,698

  Geo Method

  $1,748,900

• Alternative Use

  Use

  Valuation

  Residential

  $2,014,654

  Hospitality

  $1,845,412

  Educational

  $1,535,361

  Medical

  $1,588,165

  Retail

  $2,388,340

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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