Building Details

Year Built 1940

Listing Agency: Keller Williams Green Bay

Listed By: Ann M Senn · License #9445527 Show Phone

Source: Moving2greenbay

Added: Jul 26 Changed: Oct 26 Last Checked: Oct 24 at 10:06PM

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Investment Insights

Based on property information with market context.

This flex building includes a front office/reception area, a separate private office, a half bath, and a kitchenette. It also features an adjoining heated garage/shop with a shower and laundry.

The property provides easy access to highways. It is located in Oconto Falls, approximately a half hour north of Green Bay.

As configured, the space supports both office and shop needs within a single building footprint.

Key Highlights

• Flex building with front office/reception area and a separate private office
• Includes 1/2 bath and kitchenette for office use
• Adjoining heated garage/shop includes a shower and laundry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,502

Cap Rate

6.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$230,040 $230.0K

Cap Rate 7%

$164,314 $164.3K

Cap Rate 9%

$127,800 $127.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,280 SF

Gross rent

$18.4K $14.40/SF

− Vacancy

−$737 −$0.58/SF

EGI

$17.7K $13.82/SF

− OpEx

−$6.2K −$4.84/SF

NOI

$11.5K $8.99/SF

Area

Oconto County, WI

Vacancy

4.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$230,040

Cap Rate 7%

$164,314

Cap Rate 9%

$127,800

Alternative Uses

Best Use

Flex RnD

$164.3K

$143.8K – $191.7K (±1% cap)

NOI $11,502 @ 7.0% cap · market cap 6.93%

Second Best

Warehouse

$88.7K

$77.7K – $103.5K (±1% cap)

NOI $6,212 @ 7.0% cap · market cap 3.74%

Theoretical Best

Office A

$298.4K

$261.1K – $348.2K (±1% cap)

NOI $20,890 @ 7.0% cap · market cap 12.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply HVAC Service Pharmacy Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

291

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 54141, WI

2,731

Population

1,309

Households

2.1

Avg Household Size

44

Median Age

19%

College-Educated

93%

High-School Grad

25.5 sq mi

ZIP Area

107

Density / Sq Mi

$100,370

Median Household Income

$53,586

Median Earnings

$906

Median Rent

$269,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flex building with front office, private office, kitchenette, and an adjoining heated garage/shop.

Where is this flex space located?

The property is located at 537 Caldwell Ave Oconto Falls, WI.

What is the asking price?

The asking price for this property is $165,900.

What are key features of this property?

This property features: Flex building with front office/reception area and a separate private office; Includes 1/2 bath and kitchenette for office use; Adjoining heated garage/shop includes a shower and laundry