Country Inn & Suites
For Sale
$9,500,000
850 Kepler Dr # 2, Green Bay, WI 54311
Renovated hotel property with dedicated on-site parking.
Property Size172,818 SF
Days on Market109
Property Features for 850 Kepler Dr # 2
General Information
Standard status
Active
Size
172,818 SF
Total Parking Spaces
106
Property subtype
Hospitality
Building Details
Building Size
172,818 SF
Year Built
2007
Year Renovated
2018
Listing Agency:
NAI Sioux Falls
(605) 351-1218
Listed By:
Dale Zomer · License #16458
(605) 351-1218
Source:
Naiglobal
Added: May 14
Changed: Aug 29
Last Checked: May 26 at 10:07AM
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 Sioux Falls
Investment Insights
Based on property information with market context.
Country Inn & Suites by Radisson is a 106-room hotel property at 850 Kepler Dr # 2 in Green Bay, Wisconsin. The building was completed in 2007 and underwent a full renovation in 2018.
The property includes 106 parking spaces, matching the room count and providing dedicated parking on site. Its branded hotel identity and updated condition are established by the named operation and documented renovation.
The property includes 106 parking spaces, matching the room count and providing dedicated parking on site. Its branded hotel identity and updated condition are established by the named operation and documented renovation.
Key Highlights
- 106‑room hotel property
- 106 parking spaces
- Fully renovated in 2018
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
$433,428
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
4.56%
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%
$8,668,560
$8.7M
Cap Rate 7%
$6,191,829
$6.2M
Cap Rate 9%
$4,815,867
$4.8M
Market Conditions
NOI Build-Up for 172,818 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
$1.66M $9.60/SF
− Vacancy
−$746.6K −$4.32/SF
EGI
$912.5K $5.28/SF
− OpEx
−$479.1K −$2.77/SF
NOI
$433.4K $2.51/SF
Area
Green Bay, WI
Vacancy
45.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
52.50%
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%
$8,668,560
Cap Rate 7%
$6,191,829
Cap Rate 9%
$4,815,867
Alternative Uses
Best Use
Hotel Hospitality
$6.19M
$5.42M – $7.22M
NOI $433,428 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$40.29M
$35.25M – $47.01M
NOI $2,820,390 @ 7.0% cap · market cap 29.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 54311, WI
37,532
Population
15,047
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
94%
High-School Grad
68.2 sq mi
ZIP Area
550
Density / Sq Mi
$83,178
Median Household Income
$43,191
Median Earnings
$1,063
Median Rent
$272,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Renovated hotel property with dedicated on-site parking.
Where is this hotel located?
The property is located at 850 Kepler Dr # 2 Green Bay, WI.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 106‑room hotel property; 106 parking spaces; Fully renovated in 2018
