Built-to-Suit Office
For Sale
$3,500,000
726 Pine St, Green Bay, WI 54301
Downtown office property with a full-service lease and annual 2% rent escalations.
Property Size12,866 SF
Price / SF$272.03
Days on Market54
Property Features for 726 Pine St
General Information
Standard status
Active
Size
12,866 SF
Building Details
Year Built
1981
Listing Agency:
Besaw Properties, Ltd
Listed By:
Timothy J. Besaw
(920) 338-8080
Source:
Smartteamhomes
Added: Aug 22
Changed: Oct 10
Last Checked: Oct 7 at 2:41PM
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 Besaw Properties, Ltd
Investment Insights
Based on property information with market context.
This office building was developed specifically for Forward Services and dates to 1981. The property supports an established occupancy arrangement with a full-service lease and annual 2% rent escalations.
A renewed 5-year extension provides a defined lease term, while the downtown Green Bay setting places the asset within the city’s central business environment. The property is broker owned and is offered as an office investment with an existing lease structure.
A renewed 5-year extension provides a defined lease term, while the downtown Green Bay setting places the asset within the city’s central business environment. The property is broker owned and is offered as an office investment with an existing lease structure.
Key Highlights
- Built specifically for Forward Services
- Renewed 5‑year lease extension
- Full‑service lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,922
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,038,440
$3.0M
Cap Rate 7%
$2,170,314
$2.2M
Cap Rate 9%
$1,688,022
$1.7M
Market Conditions
NOI Build-Up for 12,866 SF
Gross rent
$247.0K $19.20/SF
− Vacancy
−$44.5K −$3.46/SF
EGI
$202.6K $15.74/SF
− OpEx
−$50.6K −$3.94/SF
NOI
$151.9K $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 Rate 5%
$3,038,440
Cap Rate 7%
$2,170,314
Cap Rate 9%
$1,688,022
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.53M
NOI $151,922 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,973 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,618
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Downtown office property with a full-service lease and annual 2% rent escalations.
Where is this office building located?
The property is located at 726 Pine St Green Bay, WI.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Built specifically for Forward Services; Renewed 5‑year lease extension; Full‑service lease structure
