Office Unit With Private
For Sale
$249,900
W7003 Parkview Drive Unit 9, Greenville, WI 54942
Former dental-office configuration with reception, private offices, and a bathroom for flexible commercial use.
Property Size1,350 SF
Price / SF$185.11
Days on Market32
Property Features for W7003 Parkview Drive Unit 9
General Information
Standard status
Active
Size
1,350 SF
Additional Details
Office Units
1
Amenities
private offices
reception area
bathroom
private entrances
Building Details
Year Built
1998
Listing Agency:
LPT Realty
(920) 808-0867
Listed By:
Lexi J Tullberg · License #9496953
Source:
Heathergossen
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 29 at 12:29PM
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 LPT Realty
Investment Insights
Based on property information with market context.
This office unit retains a practical professional-services layout that includes three private offices, a reception area, one bathroom, and two separate entrances. The property previously operated as a dental office for more than 20 years, providing a documented history of commercial use. Built in 1998, the space can accommodate office, medical, retail, or other professional-service applications supported by the existing configuration.
The property is located on W7003 Parkview Drive in Greenville, Wisconsin. Its combination of multiple offices, customer-facing reception space, and independent access points offers a functional starting point for an owner-user or business seeking a configurable commercial setting.
The property is located on W7003 Parkview Drive in Greenville, Wisconsin. Its combination of multiple offices, customer-facing reception space, and independent access points offers a functional starting point for an owner-user or business seeking a configurable commercial setting.
Key Highlights
- Three private offices plus a reception area
- Two private entrances provide separate access points
- One bathroom included in the existing layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,101
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$402,020
$402.0K
Cap Rate 7%
$287,157
$287.2K
Cap Rate 9%
$223,344
$223.3K
Market Conditions
NOI Build-Up for 1,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.5K $22.56/SF
− Vacancy
−$3.7K −$2.71/SF
EGI
$26.8K $19.85/SF
− OpEx
−$6.7K −$4.96/SF
NOI
$20.1K $14.89/SF
Area
Outagamie County, WI
Vacancy
12.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$402,020
Cap Rate 7%
$287,157
Cap Rate 9%
$223,344
Alternative Uses
Best Use
Office B
$287.2K
$251.3K – $335.0K
NOI $20,101 @ 7.0% cap · market cap 8.04%
Second Best
Healthcare Medical
$281.7K
$246.5K – $328.7K
NOI $19,721 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$372.2K
$325.7K – $434.3K
NOI $26,055 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 54942, WI
10,403
Population
4,056
Households
2.6
Avg Household Size
38
Median Age
44%
College-Educated
99%
High-School Grad
16.0 sq mi
ZIP Area
650
Density / Sq Mi
$113,633
Median Household Income
$63,596
Median Earnings
$1,156
Median Rent
$336,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Former dental-office configuration with reception, private offices, and a bathroom for flexible commercial use.
Where is this office units located?
The property is located at W7003 Parkview Drive Unit 9 Greenville, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three private offices plus a reception area; Two private entrances provide separate access points; One bathroom included in the existing layout
