Renovated
For Sale
$329,900
2255 DEER Trail, Green Bay, WI 54302
One side has been comprehensively updated, while the other needs only limited cosmetic work before occupancy.
Property Size1,740 SF
Price / SF$189.60
Days on Market12
Property Features for 2255 DEER Trail
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Duplex
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,191
Amenities
central AC
forced air heating
Building Details
Building Size
1,740 SF
Year Built
1974
Buildings
1
Listing Agency:
Resource One Realty, LLC
(920) 536-0125
Listed By:
James D. Depas · License #91-700983
(920) 536-0125
Source:
C21ace
Added: Jul 30
Changed: Aug 10
Last Checked: Aug 10 at 9:12AM
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 Resource One Realty, LLC
Investment Insights
Based on property information with market context.
This duplex was built in 1974 and includes two separate residential sides. The 2255 side is vacant and has a remodeled kitchen, refreshed bathroom, and new flooring. The 2257 side was maintained by a long-term owner occupant and needs fresh paint and bedroom carpeting before it is ready for occupancy. Property features include newer windows, a 10-year-old roof, central air conditioning, forced-air heating, a poured foundation, and substantial on-site parking.
The property occupies a corner lot on a quiet street in Green Bay, with mature trees surrounding the site. Baird's Creek, schools, and shopping are located nearby. The combination of one updated side and one lightly unfinished side provides a clearly defined duplex configuration for ownership or leasing considerations.
The property occupies a corner lot on a quiet street in Green Bay, with mature trees surrounding the site. Baird's Creek, schools, and shopping are located nearby. The combination of one updated side and one lightly unfinished side provides a clearly defined duplex configuration for ownership or leasing considerations.
Key Highlights
- Two‑sided duplex with a vacant 2255 residence and a 2257 residence formerly occupied by its owner
- 2255 side includes a remodeled kitchen, updated bathroom, and new flooring
- 2257 side needs fresh paint and bedroom carpeting before occupancy
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
$15,193
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
4.61%
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%
$303,860
$303.9K
Cap Rate 7%
$217,043
$217.0K
Cap Rate 9%
$168,811
$168.8K
Market Conditions
NOI Build-Up for 1,740 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
$23.0K $13.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$21.7K $12.47/SF
− OpEx
−$6.5K −$3.74/SF
NOI
$15.2K $8.73/SF
Area
Green Bay, WI
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$303,860
Cap Rate 7%
$217,043
Cap Rate 9%
$168,811
Alternative Uses
Best Use
Multifamily LT 5
$217.0K
$189.9K – $253.2K
NOI $15,193 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$202.2K
$176.9K – $235.9K
NOI $14,153 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,397 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One side has been comprehensively updated, while the other needs only limited cosmetic work before occupancy.
Where is this duplex located?
The property is located at 2255 DEER Trail Green Bay, WI.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑sided duplex with a vacant 2255 residence and a 2257 residence formerly occupied by its owner; 2255 side includes a remodeled kitchen, updated bathroom, and new flooring; 2257 side needs fresh paint and bedroom carpeting before occupancy
