Three-Unit Mixed-Use
New
For Sale
$1,649,000
1800 W Mason St, Green Bay, WI 54303
Office, medical, and retail configuration with parking, signage, and access to I-41.
Property Size11,000 SF
Price / SF$149.91
Days on Market2
Property Features for 1800 W Mason St
General Information
Standard status
Active
Size
11,000 SF
Building Details
Year Built
1978
Listing Agency:
Hilgenberg Realty
(920) 435-2002
Listed By:
Paul L. Hamachek · License #9044426
Source:
Lisakawula
Added: Aug 29
Last Checked: Aug 29 at 10:53PM
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 Hilgenberg Realty
Investment Insights
Based on property information with market context.
The 11,000-square-foot property is configured as a three-unit building serving office, medical, and retail uses. Built in 1978, the layout includes a 4,086-square-foot suite with an overhead door and a separate 2,700-square-foot suite. The property is also available for lease in addition to the sale offering.
Located at 1800 W Mason St in Green Bay, the building sits within a busy retail corridor with access to I-41 and other area highways. On-site parking provides more than 70 stalls, while available signage and pylon signage support property identification from the surrounding corridor.
Located at 1800 W Mason St in Green Bay, the building sits within a busy retail corridor with access to I-41 and other area highways. On-site parking provides more than 70 stalls, while available signage and pylon signage support property identification from the surrounding corridor.
Key Highlights
- 11,000 SF multi‑tenant building divided into 3 units
- Office, medical, and retail configuration
- 4,086 SF suite with overhead door
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
$133,294
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
8.08%
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%
$2,665,880
$2.7M
Cap Rate 7%
$1,904,200
$1.9M
Cap Rate 9%
$1,481,044
$1.5M
Market Conditions
NOI Build-Up for 11,000 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
$237.6K $21.60/SF
− Vacancy
−$15.4K −$1.40/SF
EGI
$222.2K $20.20/SF
− OpEx
−$88.9K −$8.08/SF
NOI
$133.3K $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%
$2,665,880
Cap Rate 7%
$1,904,200
Cap Rate 9%
$1,481,044
Alternative Uses
Best Use
Healthcare Medical
$1.90M
$1.67M – $2.22M
NOI $133,294 @ 7.0% cap · market cap 8.08%
Second Best
Office B
$1.86M
$1.62M – $2.16M
NOI $129,888 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,520 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
540
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, medical, and retail configuration with parking, signage, and access to I-41.
Where is this mixed-use property located?
The property is located at 1800 W Mason St Green Bay, WI.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: 11,000 SF multi‑tenant building divided into 3 units; Office, medical, and retail configuration; 4,086 SF suite with overhead door
