Office Suites With Private
For Sale
Contact for pricing
301 N Adams St, Green Bay, WI 54301
Professional office suites offering private kitchen and bathroom facilities within a Class A condominium setting.
Property Size12,010 SF
Price / SF$149.88
Days on Market61
Property Features for 301 N Adams St
General Information
Standard status
Active
Size
12,010 SF
Class
A
Property subtype
Office
Building Details
Buildings
1
Stories
2
Listing Agency:
NAI Pfefferle
Listed By:
Teresa Knuth · License #WI 89096-94
(920) 968-4700
Source:
Crexi
Added: Jul 9
Changed: Aug 22
Last Checked: Sep 7 at 5:53AM
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 NAI Pfefferle
Investment Insights
Based on property information with market context.
These office suites are offered for lease or purchase and range from 3,210 to 12,010 SF. Each suite is designed with an open-concept, single large office configuration and includes a private kitchen and bathroom.
The space is located inside the Class A office component of Bay Lake City Center Condominiums in the heart of Downtown Green Bay. The building features a professional common interior.
Available suite sizes support a range of office needs within the same condominium environment, with the private in-suite kitchen and bath offering added convenience for day-to-day operations.
The space is located inside the Class A office component of Bay Lake City Center Condominiums in the heart of Downtown Green Bay. The building features a professional common interior.
Available suite sizes support a range of office needs within the same condominium environment, with the private in-suite kitchen and bath offering added convenience for day-to-day operations.
Key Highlights
- Available 3,210 to 12,010 SF office space for lease or purchase
- Pricing: $113/SF; lease rate $14/SF gross (all‑inclusive gross rent)
- Each suite includes a private kitchen and private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$141,814
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,836,280
$2.8M
Cap Rate 7%
$2,025,914
$2.0M
Cap Rate 9%
$1,575,711
$1.6M
Market Conditions
NOI Build-Up for 12,010 SF
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.
Gross rent
$230.6K $19.20/SF
− Vacancy
−$41.5K −$3.46/SF
EGI
$189.1K $15.74/SF
− OpEx
−$47.3K −$3.94/SF
NOI
$141.8K $11.81/SF
Area
Green Bay, WI
Vacancy
18.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,836,280
Cap Rate 7%
$2,025,914
Cap Rate 9%
$1,575,711
Alternative Uses
Best Use
Office B
$2.03M
$1.77M – $2.36M
NOI $141,814 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,003 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,924
Businesses Nearby
Explore this area
Business Placement
Demographics for 54301, WI
22,875
Population
10,532
Households
2.2
Avg Household Size
39
Median Age
38%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
3,519
Density / Sq Mi
$76,768
Median Household Income
$45,717
Median Earnings
$929
Median Rent
$205,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office suites offering private kitchen and bathroom facilities within a Class A condominium setting.
Where is this office units located?
The property is located at 301 N Adams St Green Bay, WI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Available 3,210 to 12,010 SF office space for lease or purchase; Pricing: $113/SF; lease rate $14/SF gross (all‑inclusive gross rent); Each suite includes a private kitchen and private bathroom
