Building Details

Year Built 2001

Listing Agency: RLT Real Estate LLC

Listed By: Casey L. Ladowski · License #5656790 Show Phone

Source: Lisakawula

Added: Jul 18 Changed: Oct 15 Last Checked: Oct 7 at 4:27PM

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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 RLT Real Estate LLC

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Investment Insights

Based on property information with market context.

This turn-key medical office suite was previously operated as a veterinary clinic and is being offered fully equipped and furnished. The interior features polished floors and appears well maintained, with mechanical equipment reported as fully maintained. The layout includes multiple exam rooms, an operating room, and a dedicated bathing area, along with a waiting room and reception area. Additional improvements include a security system and a generator.

The property is located at 14605 Velp Avenue in Suamico, Wisconsin.

In addition to the clinic buildout, the offering includes a bonus opportunity to utilize a former customer list of almost 2,000 past clients accumulated over more than 20 years of operation.

Key Highlights

• Previously a veterinary clinic with multiple exam rooms and an on‑site reception/waiting area
• Includes operating room plus a bathing area for animal care services
• Completely equipped and furnished, including office equipment and computer systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,864

Cap Rate

8.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$697,280 $697.3K

Cap Rate 7%

$498,057 $498.1K

Cap Rate 9%

$387,378 $387.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,520 SF

Gross rent

$63.5K $25.20/SF

− Vacancy

−$5.4K −$2.14/SF

EGI

$58.1K $23.06/SF

− OpEx

−$23.2K −$9.22/SF

NOI

$34.9K $13.83/SF

Area

Brown County, WI

Vacancy

8.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$697,280

Cap Rate 7%

$498,057

Cap Rate 9%

$387,378

Alternative Uses

Best Use

Healthcare Medical

$498.1K

$435.8K – $581.1K (±1% cap)

NOI $34,864 @ 7.0% cap · market cap 8.73%

Second Best

Office B

$418.0K

$365.7K – $487.6K (±1% cap)

NOI $29,257 @ 7.0% cap · market cap 7.32%

Theoretical Best

Warehouse

$2.11M

$1.84M – $2.46M (±1% cap)

NOI $147,505 @ 7.0% cap · market cap 36.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Electrical Service Plumbing Service Storage Facility Garden Center Bakery Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 54173, WI

4,086

Population

1,468

Households

2.8

Avg Household Size

44

Median Age

33%

College-Educated

94%

High-School Grad

14.2 sq mi

ZIP Area

288

Density / Sq Mi

$105,294

Median Household Income

$54,023

Median Earnings

$1,250

Median Rent

$340,000

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Medical Office Space - Previously a veterinary clinic, the suite offers multiple exam rooms, reception/waiting areas, and an on-site security system.

Where is this medical office space located?

The property is located at 14605 Velp Ave Suamico, WI.

What is the asking price?

The asking price for this property is $399,500.

What are key features of this property?

This property features: Previously a veterinary clinic with multiple exam rooms and an on‑site reception/waiting area; Includes operating room plus a bathing area for animal care services; Completely equipped and furnished, including office equipment and computer systems