Assisted Living Group Home
For Sale
$925,000
2500 Bel Meadow Dr, Green Bay, WI 54311
Former group home is well maintained with multiple resident rooms, bathrooms, and common living areas.
Property Size6,762 SF
Price / SF$136.79
Days on Market99
Property Features for 2500 Bel Meadow Dr
General Information
Standard status
Active
Size
6,762 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1994
Listing Agency:
Hilgenberg Realty
Listed By:
Paul L Hamachek · License #9044426
(920) 621-7864
Source:
Smartteamhomes
Added: Jul 16
Changed: Oct 17
Last Checked: Oct 7 at 2:25PM
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
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Investment Insights
Based on property information with market context.
This well maintained former CBRF residential group home includes resident rooms and multiple bathrooms, along with a full kitchen, dining room, and living room, providing a layout designed for on-site residential living. Abundant on-site parking supports daily access needs.
The property is positioned for easy access to main highways and is described as being adjacent to a quiet residential neighborhood. The parent parcel is being divided to form a smaller parcel in the NW corner of the lot, with lot sizes to be determined.
The offering includes a pricing structure for the building and lot without the smaller NW corner parcel, as well as a combined price with the smaller parcel included.
The property is positioned for easy access to main highways and is described as being adjacent to a quiet residential neighborhood. The parent parcel is being divided to form a smaller parcel in the NW corner of the lot, with lot sizes to be determined.
The offering includes a pricing structure for the building and lot without the smaller NW corner parcel, as well as a combined price with the smaller parcel included.
Key Highlights
- Year built 1994—former group home that was recently occupied as a residential group home
- Multiple resident rooms with multiple bathrooms
- Includes full kitchen, dining room, and living room/common living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,001
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,020
$1.1M
Cap Rate 7%
$785,729
$785.7K
Cap Rate 9%
$611,122
$611.1K
Market Conditions
NOI Build-Up for 6,762 SF
Gross rent
$105.5K $15.60/SF
− Vacancy
−$5.5K −$0.81/SF
EGI
$100.0K $14.79/SF
− OpEx
−$45.0K −$6.65/SF
NOI
$55.0K $8.13/SF
Area
Green Bay, WI
Vacancy
5.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,020
Cap Rate 7%
$785,729
Cap Rate 9%
$611,122
Alternative Uses
Best Use
Apartment 5plus
$785.7K
$687.5K – $916.7K
NOI $55,001 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,356 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54311, WI
37,532
Population
15,047
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
94%
High-School Grad
68.2 sq mi
ZIP Area
550
Density / Sq Mi
$83,178
Median Household Income
$43,191
Median Earnings
$1,063
Median Rent
$272,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Century Ridge of Green Bay — 2498 Bluestone Pl, Green Bay, WI 54311
Frequently Asked Questions
What type of property is this?
Assisted living facility - Former group home is well maintained with multiple resident rooms, bathrooms, and common living areas.
Where is this assisted living facility located?
The property is located at 2500 Bel Meadow Dr Green Bay, WI.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Year built 1994—former group home that was recently occupied as a residential group home; Multiple resident rooms with multiple bathrooms; Includes full kitchen, dining room, and living room/common living areas
