Warehouse Building with Office
For Sale
$349,900
1138 State St, Green Bay, WI 54304
Steel-frame construction includes office space, central air conditioning, fenced storage, and three-phase power.
Property Size4,656 SF
Price / SF$75.15
Days on Market86
Property Features for 1138 State St
General Information
Standard status
Active
Size
4,656 SF
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
11 ft
Three-Phase Power
Yes
Building Details
Year Built
1983
Construction
steel frame
Listing Agency:
Place Perfect Realty
Listed By:
Taylor R. Hansen · License #91938804
(920) 639-2291
Source:
Moving2greenbay
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 7 at 3:17PM
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 Place Perfect Realty
Investment Insights
Based on property information with market context.
This warehouse property offers 4,656 square feet within a steel-frame building that combines open industrial space with some office area. The original building and office section have central air conditioning, while ceiling height reaches 11 feet in places and varies elsewhere because of the HVAC system. One bay includes a floor drain, an 11-foot clear ceiling, and a 10-foot overhead door. The layout also includes two bathrooms, partitioned rooms, and a 58-foot by 32-foot addition. Newer roofing covers half of the building.
The property is located at 1138 State St in Green Bay, Wisconsin. Site features include a fenced retaining area for storage, an existing parking lot, and street parking. Three-phase power is in place, supporting the building’s industrial configuration.
The property is located at 1138 State St in Green Bay, Wisconsin. Site features include a fenced retaining area for storage, an existing parking lot, and street parking. Three-phase power is in place, supporting the building’s industrial configuration.
Key Highlights
- 4,656‑square‑foot warehouse/industrial building with some office space
- Steel‑frame construction with three‑phase power
- 11‑foot clear height in one bay and a 10‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,596
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,920
$451.9K
Cap Rate 7%
$322,800
$322.8K
Cap Rate 9%
$251,067
$251.1K
Market Conditions
NOI Build-Up for 4,656 SF
Gross rent
$27.4K $5.88/SF
− Vacancy
−$794 −$0.17/SF
EGI
$26.6K $5.71/SF
− OpEx
−$4.0K −$0.86/SF
NOI
$22.6K $4.85/SF
Area
Green Bay, WI
Vacancy
2.90%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,920
Cap Rate 7%
$322,800
Cap Rate 9%
$251,067
Alternative Uses
Best Use
Flex RnD
$597.7K
$523.0K – $697.3K
NOI $41,837 @ 7.0% cap · market cap 11.96%
Second Best
Warehouse
$322.8K
$282.5K – $376.6K
NOI $22,596 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$1.09M
$949.8K – $1.27M
NOI $75,986 @ 7.0% cap · market cap 21.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
11 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 54304, WI
27,679
Population
12,997
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,366
Density / Sq Mi
$60,369
Median Household Income
$38,926
Median Earnings
$935
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Integrated Logistics — 1420 S Broadway, Green Bay, WI 54304
- U & I Movers Express — 1330 S Maple Ave, Green Bay, WI 54304
Frequently Asked Questions
What type of property is this?
Warehouse - Steel-frame construction includes office space, central air conditioning, fenced storage, and three-phase power.
Where is this warehouse located?
The property is located at 1138 State St Green Bay, WI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 4,656‑square‑foot warehouse/industrial building with some office space; Steel‑frame construction with three‑phase power; 11‑foot clear height in one bay and a 10‑foot overhead door
