Two-Unit Mixed-Use
1532 Shawano Avenue, Green Bay, WI 54303
For Sale
New
$525,000
Pending
Office and warehouse components offer separate metering and the option to occupy one space while leasing the other.
Property Size5,000 SF
Days on Market5
Property Features for 1532 Shawano Avenue
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Road Access
Outdoor Storage
Additional Details
Condition
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
separately metered units
overhead door
prominent roadside signage
Public
0.87
No
Assessor
Poured Concrete
5000
Building Details
Building Size
Year Built
Buildings
Listing Agency:
RE/MAX On The Water
(920) 230-8880
Listed By:
Jess Schulz · License WI #9059624
(920) 410-7672
Source:
Oshkoshrealty
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 9 at 6:36PM
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 RE/MAX On The Water
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,000-SF mixed-use building, constructed in 1981, is divided into two separately metered spaces. The office area contains three private offices, an open workspace and meeting area, and two restrooms. The warehouse portion has a large open work area, an overhead door, two flex rooms, and a restroom. The configuration allows the spaces to be used together or separately. Recent property work includes a new roof, siding, soffit and fascia, and windows; two furnaces are also newer.
The property fronts Shawano Avenue in Green Bay and includes roadside signage, paved parking, and a gravel area behind the building. Commercial zoning is identified for the site.
The property fronts Shawano Avenue in Green Bay and includes roadside signage, paved parking, and a gravel area behind the building. Commercial zoning is identified for the site.
Key Highlights
- 5,000‑SF building divided into 2 separately metered spaces
- Office area includes 3 private offices, an open work and meeting area, and 2 restrooms
- Warehouse area has an overhead door, open work area, 2 flex rooms, and a restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,265
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,300
$485.3K
Cap Rate 7%
$346,643
$346.6K
Cap Rate 9%
$269,611
$269.6K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$29.4K $5.88/SF
− Vacancy
−$853 −$0.17/SF
EGI
$28.5K $5.71/SF
− OpEx
−$4.3K −$0.86/SF
NOI
$24.3K $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%
$485,300
Cap Rate 7%
$346,643
Cap Rate 9%
$269,611
Alternative Uses
Best Use
Mixed Use
$739.3K
$646.9K – $862.5K
NOI $51,750 @ 7.0% cap · market cap 9.86%
Second Best
Warehouse
$346.6K
$303.3K – $404.4K
NOI $24,265 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,600 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 54303, WI
27,478
Population
13,088
Households
2.1
Avg Household Size
36
Median Age
18%
College-Educated
91%
High-School Grad
11.5 sq mi
ZIP Area
2,389
Density / Sq Mi
$58,110
Median Household Income
$38,983
Median Earnings
$859
Median Rent
$160,100
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and warehouse components offer separate metering and the option to occupy one space while leasing the other.
Where is this mixed-use property located?
The property is located at 1532 Shawano Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 5,000‑SF building divided into 2 separately metered spaces; Office area includes 3 private offices, an open work and meeting area, and 2 restrooms; Warehouse area has an overhead door, open work area, 2 flex rooms, and a restroom
