Office Unit Near
1 E Waldo Blvd, Manitowoc, WI 54220
For Sale
Contact for pricing
N, Manitowoc, WI
Property Size1,500 SF
Lot Size1.18 Acres
Price / SF$0.01
Days on Market2313
Property Features for 1 E Waldo Blvd
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Architectural style
Listing Agency:
Park Regency Real Estate LLC
(920) 682-0307
Listed By:
George Krause Jr · License WI #5172190
(920) 905-0550
Added: Jul 13, 2020
Changed: Oct 10
Last Checked: Nov 11 at 10:06PM
MLS# 1698803
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Suite #4 provides 1,500 square feet of office space within a Class B professional office property built in 1988. The unit is part of a 1.18-acre site and is positioned for professional business use under B-1 zoning, with on-site parking available for occupants and visitors.
The property is located in the Professional Business Park near E Waldo Blvd, one block from the waterfront. The surrounding area includes planned additions such as a specialists clinic, assisted living facility, businesses, apartments, and residential condominiums. Its setting also provides convenient ingress and egress for daily office operations.
The property is located in the Professional Business Park near E Waldo Blvd, one block from the waterfront. The surrounding area includes planned additions such as a specialists clinic, assisted living facility, businesses, apartments, and residential condominiums. Its setting also provides convenient ingress and egress for daily office operations.
Key Highlights
- 1,500‑square‑foot Suite #4 available within the office property
- 1.18‑acre site with on‑site parking
- B‑1 zoning for office use
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
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$328.7K
$287.6K – $383.5K
NOI $23,011 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - B-1 zoning, on-site parking, and straightforward access support a practical office setting.
Where is this office unit located?
The property is located at 1 E Waldo Blvd Manitowoc, WI.
What are key features of this property?
This property features: 1,500‑square‑foot Suite #4 available within the office property; 1.18‑acre site with on‑site parking; B‑1 zoning for office use
