Leased Dialysis Medical
For Sale
Contact for pricing
1751 Deckner Avenue, Green Bay, WI 54302
Fee-simple medical facility with ample parking, built in 1991 and renovated in 2012 under a NNN lease.
Property Size14,600 SF
Price / SF$198.63
Days on Market145
Property Features for 1751 Deckner Avenue
General Information
Standard status
Active
Size
14,600 SF
Class
B
Property subtype
Office
Occupancy
90%
Lease Type
NN
Net Operating Income
$194,243
Building Details
Year Built
1991
Year Renovated
2012
Buildings
1
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #BRK.200900214
(888) 737-2264
Source:
Crexi
Added: Apr 15
Changed: Sep 3
Last Checked: Sep 1 at 6:32AM
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 Bang Realty
Investment Insights
Based on property information with market context.
Offered in exclusive fee simple, this leased dialysis medical property is occupied by DaVita, which has been in place since 2012 and recently extended its lease through 2028 under an NNN structure with minimal landlord responsibilities. The building totals 14,600 square feet with ample parking, and DaVita occupies 90.53% of the space. Originally built in 1991, the property was renovated in 2012 to support DaVita’s brand image and functional requirements.
The asset is positioned in a dense major retail trade area with a mix of commercial businesses and residential properties. The offering is located in Green Bay, Wisconsin.
The remaining 9.47% of the building presents options for prospective owners, including exploring expansion plans associated with the tenant’s previously expressed interest in occupying 100% of the space, renting the remainder to another tenant, or occupying it themselves.
The asset is positioned in a dense major retail trade area with a mix of commercial businesses and residential properties. The offering is located in Green Bay, Wisconsin.
The remaining 9.47% of the building presents options for prospective owners, including exploring expansion plans associated with the tenant’s previously expressed interest in occupying 100% of the space, renting the remainder to another tenant, or occupying it themselves.
Key Highlights
- 14,600 SF fee‑simple medical facility at 1751 Deckner Ave, Green Bay, WI
- Built in 1991; renovated in 2012 to support the tenant’s brand image and function
- DaVita occupied since 2012 and recently extended the lease through 2028 under an NNN lease
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
$176,917
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
6.10%
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%
$3,538,340
$3.5M
Cap Rate 7%
$2,527,386
$2.5M
Cap Rate 9%
$1,965,744
$2.0M
Market Conditions
NOI Build-Up for 14,600 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
$315.4K $21.60/SF
− Vacancy
−$20.5K −$1.40/SF
EGI
$294.9K $20.20/SF
− OpEx
−$117.9K −$8.08/SF
NOI
$176.9K $12.12/SF
Area
Green Bay, WI
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$3,538,340
Cap Rate 7%
$2,527,386
Cap Rate 9%
$1,965,744
Alternative Uses
Best Use
Healthcare Medical
$2.53M
$2.21M – $2.95M
NOI $176,917 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,272 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 54302, WI
31,327
Population
13,390
Households
2.3
Avg Household Size
34
Median Age
19%
College-Educated
81%
High-School Grad
9.2 sq mi
ZIP Area
3,405
Density / Sq Mi
$55,772
Median Household Income
$37,257
Median Earnings
$881
Median Rent
$164,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Fee-simple medical facility with ample parking, built in 1991 and renovated in 2012 under a NNN lease.
Where is this medical center located?
The property is located at 1751 Deckner Avenue Green Bay, WI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 14,600 SF fee‑simple medical facility at 1751 Deckner Ave, Green Bay, WI; Built in 1991; renovated in 2012 to support the tenant’s brand image and function; DaVita occupied since 2012 and recently extended the lease through 2028 under an NNN lease
