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The Casper Clinic 940 E 3rd St 32,940 SF 100% Leased Office Building Casper, WY 82601 $3,900,000 ($118.40/SF) 8.10% Cap Rate
Investment Highlights
- Multi-tenant medical office
- Remodeled and 100% Leased
- Located 1 block from Banner Wyoming Medical Center
Executive Summary
Luker Realty is pleased to offer for sale the Casper Clinic. A rare chance to acquire a fully remodeled, 100% leased, strategically located healthcare asset in the heart of central Wyoming’s medical corridor.
• Location & Visibility – Commanding a high-profile corner at South McKinley St. and East 3rd St. totaling 1.54 acres, the property sits one block from Banner Wyoming Medical Center—the state’s largest hospital and a regional trauma and referral hub serving 11 counties and over 250,000 residents.
• Building & Zoning – Zoned C-2 (City of Casper), the 32,489 RSF facility comprises 14 suites, common areas showcase exposed wood ceilings, a central plaza, and an ADA compliant design with a 32% load factor.
• Diverse Tenant Mix – Stable income from a laboratory, pediatrics, family practice, aesthetic spa, dermatology, massage school, psychological services, among others creates resilient, healthcare-driven cash flow.
• Parking & Expansion – 39 on-site spaces plus 78 additional across South Jefferson St. deliver a 5 per 1,000 USF ratio, while western parking lot parcels add upside for future development potential.
• Offering Highlights – Purpose-built medical office available at $3,900,000 ($120 per ft.²) with a 8.1% cap rate.
• Location & Visibility – Commanding a high-profile corner at South McKinley St. and East 3rd St. totaling 1.54 acres, the property sits one block from Banner Wyoming Medical Center—the state’s largest hospital and a regional trauma and referral hub serving 11 counties and over 250,000 residents.
• Building & Zoning – Zoned C-2 (City of Casper), the 32,489 RSF facility comprises 14 suites, common areas showcase exposed wood ceilings, a central plaza, and an ADA compliant design with a 32% load factor.
• Diverse Tenant Mix – Stable income from a laboratory, pediatrics, family practice, aesthetic spa, dermatology, massage school, psychological services, among others creates resilient, healthcare-driven cash flow.
• Parking & Expansion – 39 on-site spaces plus 78 additional across South Jefferson St. deliver a 5 per 1,000 USF ratio, while western parking lot parcels add upside for future development potential.
• Offering Highlights – Purpose-built medical office available at $3,900,000 ($120 per ft.²) with a 8.1% cap rate.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
32,940 SF
Building Class
A
Year Built
1966
Price
$3,900,000
Price Per SF
$118.40
Cap Rate
8.10%
NOI
$315,985
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,470 SF
Building FAR
0.49
Lot Size
1.54 AC
Zoning
Commercial - C2
Parking
169 Spaces (5.13 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Property Manager on Site
- Skylights
- Central Heating
- Wi-Fi
- Air Conditioning
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Numbers | Improvements Assessment | $388,354 | |
| Land Assessment | $44,471 | Total Assessment | $432,825 |
Property Taxes
Parcel Numbers
Land Assessment
$44,471
Improvements Assessment
$388,354
Total Assessment
$432,825
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The Casper Clinic | 940 E 3rd St
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