Brick Office Building with Two
2980 Walker Dr Green Bay, WI 54311
For Sale
Contact for pricing
Brick office building with two wings, open cubicle areas, reception, and conference space with a full fire suppression system.
Property Size8,616 SF
Lot Size2.60 Acres
Price / SF$159.59
Days on Market185
Property Features for 2980 Walker Dr
General Information
Standard status
Active
Size
8,616 SF
Lot size
2.60 Acres
Property subtype
OFFICE
Listing Agency:
Seidl & Associates
(920) 328-7885
Listed By:
Joe Moore · License #9481867
(920) 328-7885
Source:
Moodyscre
Added: Jan 26
Changed: Jul 29
Last Checked: Jul 29 at 2:13PM
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 Seidl & Associates
Investment Insights
Based on property information with market context.
This brick office building on 2980 Walker Dr, Green Bay, WI features a layout designed around two wings with open floor areas equipped with cubicle systems, plus private offices and conference rooms. A welcoming reception area anchors the front entry, while a centrally located collaboration center serves as the hub of the building. The property includes a full fire suppression/sprinkler system.
The building sits on a 2.6-acre parcel with a wooded backdrop and ample parking, supporting an owner-user or a growing organization. Construction is brick with a steel roof.
With 8,616 square feet of office space, the configuration provides a mix of collaborative and enclosed work areas for day-to-day operations.
The building sits on a 2.6-acre parcel with a wooded backdrop and ample parking, supporting an owner-user or a growing organization. Construction is brick with a steel roof.
With 8,616 square feet of office space, the configuration provides a mix of collaborative and enclosed work areas for day-to-day operations.
Key Highlights
- Two‑wing office layout with open cubicle areas plus private offices and conference rooms
- Reception area at the front entry and a centrally located collaboration center
- 2.6‑acre parcel with wooded backdrop and ample parking
Financial Insights For Office B
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 | $165.4k | $19.20 |
| − Vacancy | −$29.8k | −$3.46 |
| EGI | $135.7k | $15.74 |
| − OpEx | −$33.9k | −$3.94 |
| NOI | $101.7k | $11.81 |
8,616 SF · lease $19.20/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.70M
NOI $101,738 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,613 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Brick office building with two wings, open cubicle areas, reception, and conference space with a full fire suppression system.
Where is this office building located?
The property is located at 2980 Walker Dr Green Bay, WI.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Two‑wing office layout with open cubicle areas plus private offices and conference rooms; Reception area at the front entry and a centrally located collaboration center; 2.6‑acre parcel with wooded backdrop and ample parking
