Building Details

Year Built 1997

Buildings 3

Listing Agency: RE Commercial LLC

Listed By: Todd DeVillers · License #WI 49056-90 Show Phone

Source: Crexi

Added: Aug 26 Changed: Oct 9 Last Checked: Oct 16 at 9:36AM

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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.

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 / Yr

$304,529

Cap Rate

5.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,090,580 $6.1M

Cap Rate 7%

$4,350,414 $4.4M

Cap Rate 9%

$3,383,656 $3.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 62,750 SF

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 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 (±1% cap)

NOI $304,529 @ 7.0% cap · market cap 5.54%

Second Best

Industrial

$3.99M

$3.49M – $4.66M (±1% cap)

NOI $279,511 @ 7.0% cap · market cap 5.08%

Theoretical Best

Office A

$14.63M

$12.80M – $17.07M (±1% cap)

NOI $1,024,080 @ 7.0% cap · market cap 18.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Badger Gro Tech ... Factory VeriPure Home Appliance Store

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Storage Facility Auto Repair Shop Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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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