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    Ranch-Style Duplex with Private Outdoor Space Title is generated by Realmo AI

    2802 CORMIER Road, Green Bay, WI 54313

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    For Sale
    $378,900

    MULTI_FAMILY - GREEN BAY, WI

    Property size:
    2,310 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $164/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 2802 CORMIER Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    2 Family/Duplex
    Parking
    1
    Standard status
    Active
    APN
    6H-3476
    Size
    2,310 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5650

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Number of units
    2
    Building materials
    Aluminum Siding, Brick

    We can help!

    Listing Contact
    Scott W. Paradise
    Scott W. Paradise

    Listing agent Scott W. Paradise

    Listing office Resource One Realty, LLC 1740 E Matthew Dr., De Pere, WI

    Listing date Jun 4, 2026

    MLS# 50326750 Listing URL

    Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Custom‑built ranch‑style owner‑occupied duplex, built in 1984
    • Each unit has a fully applianced kitchen with dinette and patio doors to a private deck
    • Both sides include large living rooms and two bedrooms
    • Central air, public water, and public sewer
    • Maintenance‑free exterior with aluminum siding and brick construction
    • Newer roof and newer GFA furnace (2804 side), plus newer flooring and ample storage

    Overview

    This custom-built ranch-style duplex is owner-occupied and configured as two separate sides. Each unit features a fully applianced kitchen with a dinette, patio doors that open to a private deck, and access to a privacy-fenced backyard. The layout includes large living rooms and two good-sized bedrooms per side, along with ample storage throughout. The property includes multiple interior and exterior updates, including a newer roof, a newer GFA furnace, newer flooring, and a maintenance-free exterior, adding ease of ownership.

    Set on a landscaped lot, the duplex benefits from outdoor living areas tied to each unit through patio doors. The listing notes the need to allow 48 hours for review & binding acceptance on offers.

    For buyers seeking a straightforward residential income property, this setup provides two complete, self-contained living spaces within one building. The combination of updated major components such as the roof and furnace, plus the unit-by-unit patio and deck access, may appeal to owner-occupants looking to live in one side while renting the other, or to investors evaluating a duplex with functional, mirrored layouts and private outdoor space for each unit.

    Local Financial Insights For Multifamily LT 5

    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 $30.5k $13.20
    − Vacancy −$1.7k −$0.73
    EGI $28.8k $12.47
    − OpEx −$8.6k −$3.74
    NOI $20.2k $8.73
    2,310 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $288.1K
    $252.1K – $336.2K (±1% cap)
    NOI $20,170 @ 7.0% cap · market cap 5.32%
    Second Best
    Apartment 5plus
    $268.4K
    $234.9K – $313.2K (±1% cap)
    NOI $18,789 @ 7.0% cap · market cap 4.96%
    Theoretical Best
    Office A
    $538.6K
    $471.2K – $628.3K (±1% cap)
    NOI $37,699 @ 7.0% cap · market cap 9.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -88.109626
    Latitude
    44.5023114

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    FAQs

    What type of property is this?
    Duplex - Owner-occupied duplex offers two well-sized units with fully applianced kitchens and private fenced outdoor areas.
    Where is this duplex located?
    The property is located at 2802 CORMIER Road Green Bay, WI.
    What is the asking price?
    The asking price for this property is $378,900.
    What are key features of this property?
    This property features: Custom‑built ranch‑style owner‑occupied duplex, built in 1984; Each unit has a fully applianced kitchen with dinette and patio doors to a private deck; Both sides include large living rooms and two bedrooms
    (920) 425-8828
    We can help!
    Listing Contact
    Scott W. Paradise
    Scott W. Paradise
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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