Office Unit with On-Site
3009 Forest Avenue, Two Rivers, WI 54241
For Sale
New
Contact for pricing
Vacant office space has separate utility metering and private asphalt parking.
Property Size1,333 SF
Price / SF$0.01
Days on Market4
Property Features for 3009 Forest Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Road Access
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Park Regency Real Estate LLC
(920) 682-0307
Listed By:
George Krause Jr · License #5172190
(920) 905-0550
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:00PM
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 Park Regency Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2004, this 1,333-square-foot office unit is vacant and configured for business office use. The space has separate utility metering, and the building includes private asphalt parking. B-1 zoning applies.
Access is from Forest Avenue, and Two Rivers Family Restaurant is directly in front of the building. The space was previously used as a sales office.
Access is from Forest Avenue, and Two Rivers Family Restaurant is directly in front of the building. The space was previously used as a sales office.
Key Highlights
- 1,333 square feet configured for office use
- Separate utility metering
- Private on‑site asphalt parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,985
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,700
$259.7K
Cap Rate 7%
$185,500
$185.5K
Cap Rate 9%
$144,278
$144.3K
Market Conditions
NOI Build-Up for 1,333 SF
Gross rent
$20.2K $15.12/SF
− Vacancy
−$2.8K −$2.13/SF
EGI
$17.3K $12.99/SF
− OpEx
−$4.3K −$3.25/SF
NOI
$13.0K $9.74/SF
Area
Manitowoc County, WI
Vacancy
14.10%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,700
Cap Rate 7%
$185,500
Cap Rate 9%
$144,278
Alternative Uses
Best Use
Office B
$185.5K
$162.3K – $216.4K
NOI $12,985 @ 7.0% cap · market cap 99,884.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$292.1K
$255.6K – $340.8K
NOI $20,449 @ 7.0% cap · market cap 157,300.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 54241, WI
14,258
Population
7,013
Households
2
Avg Household Size
48
Median Age
22%
College-Educated
94%
High-School Grad
67.4 sq mi
ZIP Area
212
Density / Sq Mi
$63,415
Median Household Income
$40,659
Median Earnings
$757
Median Rent
$146,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Vacant office space has separate utility metering and private asphalt parking.
Where is this office unit located?
The property is located at 3009 Forest Avenue Two Rivers, WI.
What are key features of this property?
This property features: 1,333 square feet configured for office use; Separate utility metering; Private on‑site asphalt parking
