Manufacturing Facility with Bridge
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For Sale
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2425 Hutson Road, Green Bay, WI 54303
Business park manufacturing facility with heavy power, dock loading, and flexible storage improvements.
Property Size62,750 SF
Price / SF$87.65
Days on Market7
Property Features for 2425 Hutson Road
General Information
Standard status
Active
Size
62,750 SF
Class
A
Property subtype
Retail, Industrial
Zoning
BP-Business Park
Building Details
Year Built
1997
Buildings
3
Listing Agency:
RE Commercial LLC
(920) 997-3334
Listed By:
Todd DeVillers · License #WI 49056-90
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Sep 1 at 4:38AM
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 Commercial LLC
Investment Insights
Based on property information with market context.
Built in 1997, this 62,750-square-foot manufacturing facility is configured for industrial operations and includes heavy power, multiple bridge cranes, and 15 drive-in doors. Dock loading, floor drains, motion-sensor LED lighting, welding air make-up and exhaust, and a 2-stall wash bay support a range of production and service functions. The property also includes a freestanding rear building with heated and unheated storage areas.
Located at 2425 Hutson Road in Green Bay, Wisconsin, the property carries BP-Business Park zoning. Its combination of manufacturing infrastructure, loading capabilities, and supplemental storage provides a functional setting for an industrial user or owner-occupant.
Located at 2425 Hutson Road in Green Bay, Wisconsin, the property carries BP-Business Park zoning. Its combination of manufacturing infrastructure, loading capabilities, and supplemental storage provides a functional setting for an industrial user or owner-occupant.
Key Highlights
- 62,750‑square‑foot manufacturing facility built in 1997
- Heavy power and multiple bridge cranes
- 15 drive‑in doors plus dock loading
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
$304,529
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
5.54%
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%
$6,090,580
$6.1M
Cap Rate 7%
$4,350,414
$4.4M
Cap Rate 9%
$3,383,656
$3.4M
Market Conditions
NOI Build-Up for 62,750 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
$369.0K $5.88/SF
− Vacancy
−$10.7K −$0.17/SF
EGI
$358.3K $5.71/SF
− OpEx
−$53.7K −$0.86/SF
NOI
$304.5K $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%
$6,090,580
Cap Rate 7%
$4,350,414
Cap Rate 9%
$3,383,656
Alternative Uses
Best Use
Warehouse
$4.35M
$3.81M – $5.08M
NOI $304,529 @ 7.0% cap · market cap 5.54%
Second Best
Industrial
$3.99M
$3.49M – $4.66M
NOI $279,511 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$14.63M
$12.80M – $17.07M
NOI $1,024,080 @ 7.0% cap · market cap 18.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
646
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Business park manufacturing facility with heavy power, dock loading, and flexible storage improvements.
Where is this manufacturing property located?
The property is located at 2425 Hutson Road Green Bay, WI.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 62,750‑square‑foot manufacturing facility built in 1997; Heavy power and multiple bridge cranes; 15 drive‑in doors plus dock loading
