Single-Tenant Industrial
For Sale
Contact for pricing
1836 Sal Street, Green Bay, WI 54302
Single-tenant industrial facility with 16-foot clear height, heavy power, and LED lighting, leased through January 31, 2028.
Property Size39,548 SF
Lot Size1.86 Acres
Price / SF$70.55
Days on Market67
Property Features for 1836 Sal Street
General Information
Standard status
Active
Size
39,548 SF
Total Parking Spaces
50
Lot size
1.86 Acres
Property subtype
Industrial
Lease Type
NNN
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
1
Drive-In Doors
2
Heavy Power
Yes
Building Details
Year Built
1971
Buildings
1
Tenancy
Single
Listing Agency:
Bartlett Capital Group
Listed By:
Caitlin Dinkel, Landlord rep · License #0931
Source:
Crexi
Added: Jul 1
Changed: Aug 8
Last Checked: Sep 4 at 8:40PM
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 Bartlett Capital Group
Investment Insights
Based on property information with market context.
1836 Sal Street is a single-tenant industrial property offering a manufacturing and warehouse layout with 16-foot clear height. The facility includes heavy three-phase power, two drive-in doors, and one exterior loading dock, supported by new LED warehouse lighting. Recent exterior and site improvements include exterior paint and pavement work on the roads on both sides of the building through special assessment.
The property sits on approximately 1.86 acres and provides about 50 parking spaces. It is occupied under an NNN lease through January 31, 2028.
For investors seeking a long-term, leased industrial asset, this building is positioned as a functional manufacturing/warehouse space with multiple loading options and dedicated on-site parking.
The property sits on approximately 1.86 acres and provides about 50 parking spaces. It is occupied under an NNN lease through January 31, 2028.
For investors seeking a long-term, leased industrial asset, this building is positioned as a functional manufacturing/warehouse space with multiple loading options and dedicated on-site parking.
Key Highlights
- 39,548 SF single‑tenant industrial facility in Green Bay, WI
- NNN lease in place through January 31, 2028
- 2026 contractual rent of $182,093.70 annually
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
$191,929
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
6.88%
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%
$3,838,580
$3.8M
Cap Rate 7%
$2,741,843
$2.7M
Cap Rate 9%
$2,132,544
$2.1M
Market Conditions
NOI Build-Up for 39,548 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
$232.5K $5.88/SF
− Vacancy
−$6.7K −$0.17/SF
EGI
$225.8K $5.71/SF
− OpEx
−$33.9K −$0.86/SF
NOI
$191.9K $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 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%
$3,838,580
Cap Rate 7%
$2,741,843
Cap Rate 9%
$2,132,544
Alternative Uses
Best Use
Warehouse
$2.74M
$2.40M – $3.20M
NOI $191,929 @ 7.0% cap · market cap 6.88%
Second Best
Industrial
$2.52M
$2.20M – $2.94M
NOI $176,161 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$9.22M
$8.07M – $10.76M
NOI $645,423 @ 7.0% cap · market cap 23.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
330
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Single-tenant industrial facility with 16-foot clear height, heavy power, and LED lighting, leased through January 31, 2028.
Where is this manufacturing property located?
The property is located at 1836 Sal Street Green Bay, WI.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: 39,548 SF single‑tenant industrial facility in Green Bay, WI; NNN lease in place through January 31, 2028; 2026 contractual rent of $182,093.70 annually
