Office Suite with On-Site
New
For Sale
Contact for pricing
1 E Waldo Boulevard, Manitowoc, WI 54220
Set within a professional business park, the space has convenient vehicle access and nearby waterfront surroundings.
Property Size1,500 SF
Price / SF$0.01
Days on Market3
Property Features for 1 E Waldo Boulevard
General Information
Standard status
Active
Size
1,500 SF
Class
Class B
Total Parking Spaces
10
Property subtype
Commercial
Zoning
B-1
Additional Details
Property Use
Office
Building Details
Building Size
1,500 SF
Year Built
1988
Listing Agency:
Park Regency Real Estate LLC
(920) 682-0307
Listed By:
George Krause Jr · License #5172190
(920) 905-0550
Source:
Coactionrealestate
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Park Regency Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 4 offers 1,500 square feet of office space in a professional business park. The office property was built in 1988 and is zoned B-1, with on-site parking and convenient vehicle access.
At 1 E Waldo Boulevard in Manitowoc, the property is one block from the waterfront. New specialist medical, assisted living, commercial, apartment, and condominium developments are planned across the road.
At 1 E Waldo Boulevard in Manitowoc, the property is one block from the waterfront. New specialist medical, assisted living, commercial, apartment, and condominium developments are planned across the road.
Key Highlights
- Suite 4 contains 1,500 square feet of office space
- B‑1 zoning
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,612
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,240
$292.2K
Cap Rate 7%
$208,743
$208.7K
Cap Rate 9%
$162,356
$162.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$22.7K $15.12/SF
− Vacancy
−$3.2K −$2.13/SF
EGI
$19.5K $12.99/SF
− OpEx
−$4.9K −$3.25/SF
NOI
$14.6K $9.74/SF
Area
Manitowoc County, WI
Vacancy
14.10%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,240
Cap Rate 7%
$208,743
Cap Rate 9%
$162,356
Alternative Uses
Best Use
Office B
$208.7K
$182.7K – $243.5K
NOI $14,612 @ 7.0% cap · market cap 112,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$328.7K
$287.6K – $383.5K
NOI $23,011 @ 7.0% cap · market cap 177,007.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 54220, WI
40,737
Population
18,942
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
91%
High-School Grad
98.7 sq mi
ZIP Area
413
Density / Sq Mi
$65,188
Median Household Income
$40,791
Median Earnings
$790
Median Rent
$159,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Set within a professional business park, the space has convenient vehicle access and nearby waterfront surroundings.
Where is this office unit located?
The property is located at 1 E Waldo Boulevard Manitowoc, WI.
What are key features of this property?
This property features: Suite 4 contains 1,500 square feet of office space; B‑1 zoning; Built in 1988
