Casper, WY
Commercial Real Estate Market Trends & Data

$122 Avg asking sale price
$14 Avg asking lease rate
11,195 SF Avg unit lease size
24,049 SF Avg building size for sale
7.56% Average cap rate

Casper's Demographic Profile

Casper has 24,347 households and a median income of $63,577, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 58,263
# Households 24,347
Median age 40
Median household income $63,577
Avg household size 2.0
Renter-occupied housing units 8,602
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Casper, WY

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Casper $168 11,893 SF
Mills $69 20,827 SF
Evansville $122 9,308 SF
Glenrock $129 3,110 SF
Lysite $53 1,500 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Casper $111 65,640 SF 8.30%
Douglas $175 36,309 SF 6.70%

Commercial Properties For Sale in Casper

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

450 W F St

Casper, WY 82601

  • 0.67 AC Lot
  • 1 Commercial Lot
  • $885,000
For Sale

4113 W Yellowstone Hwy

Casper, WY 82604

  • 20,827 SF Flex Building
  • $1,430,000
For Sale

246 S Center St

Casper, WY 82601

  • 12,888 SF Office Building
  • $980,000
For Sale

7242 W Yellowstone Hwy

Casper, WY 82604

  • 50,162 SF Industrial Building
  • $3,800,000
For Sale

Royal Inn

Casper, WY 82601

  • 12,948 SF Hospitality
  • 7.75% Cap Rate
  • $1,100,000
For Sale

150 N Walsh Dr

Casper, WY 82609

  • 14,800 SF Retail Building
  • $1,664,750

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Casper pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Casper $122 24,049 SF
Mills $97 20,992 SF
Bar Nunn $80 30,000 SF
Evansville $123 9,983 SF

Regional Demographic Comparison

This comparison places Casper alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Casper or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Casper 58,263 24,347 40 $63,577 2 8,602 2%
Bar Nunn 2,843 949 36 $90,437 3 70 1%
Alcova 65 26 49 $80,000 3 6 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Casper, WY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Casper

View All Commercial Real Estate For Sale in Casper
Is Casper a good market for a first-time commercial real estate investor?

Casper offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Casper?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Casper. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Casper?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Casper. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Casper compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Casper. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Casper acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Casper, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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