Assisted Living Group Home
2500 Bel Meadow Dr Green Bay, WI 54311
New
2500 Bel Meadow Dr, Green Bay, WI, 54311
$925,000
For Sale
$925,000
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 Market7
Property Features for 2500 Bel Meadow Dr
General Information
- Standard status
- Active
- Size
- 6,762 SF
Building Details
- Year Built
- 1994
Listing agency
Hilgenberg Realty
(920) 435-2002
Listed by
Paul L Hamachek
Source
Smartteamhomes
Added: Jul 16 Updated: Jul 22 at 12:47AM Checked: Jul 22 at 4:50AM
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.5k | $15.60 |
| − Vacancy | −$5.5k | −$0.81 |
| EGI | $100.0k | $14.79 |
| − OpEx | −$45.0k | −$6.65 |
| NOI | $55.0k | $8.13 |
6,762 SF · lease $15.60/SF/yr · vacancy 5.20% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar For Sale Nearby
Similar Off Market Nearby
- Century Ridge of Green Bay — 2498 Bluestone Pl, Green Bay, WI 54311
FAQs
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
