Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Sheboygan Office Space Title is generated by Realmo AI

    701 N 8th St, Sheboygan, WI 53081

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Remodeled office space in historic downtown Sheboygan.

    Type:Office
    Added:
    Mar 17, 2023
    Days on Market:
    1172
    Last Refresh:
    May 12 at 9:57 pm

    Property Features for 701 N 8th St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1880

    Spaces For Lease

    at 701 N 8th St Contact us

    Suite 200 $10/Mo

    Size
    Type
    Office
    Perfect space for a small business with reception area, large conference room, copy...
    show more
    Contact us

    We can help!

    Listing Contact
    Caleb Hayes

    Listing agent Caleb Hayes License #WI 56667

    Listing office Caleb Hayes Enterprises

    Listing date Mar 17, 2023

    Source Crexi

    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 Caleb Hayes Enterprises

    HighLights

    • Prime location in historic downtown Sheboygan near key amenities.
    • Extensively remodeled in the late 1990s.
    • Beautiful restoration of classic details.
    • Bright, modern offices and kitchenettes.
    • Elevator access.
    • Close proximity to shopping, dining, and entertainment.

    Overview

    Located in historic downtown Sheboygan, this office space is situated on a prime corner near the Encore Apartments, City Green park, library, and the JMK Art Center. The property is within walking distance of shopping, dining, and entertainment options. The building was extensively remodeled in the late 1990s, with restoration of classic details and modern offices, kitchenettes, an elevator, and storage spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sheboygan Drums Music Venue sheboygan recording Recording Studio DMW Homes LLC Property Management Company Peter Haase - Realtor Real Estate Agency Lauren Hudson | Epic ... Loan Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sheboygan
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.712542
    Latitude
    43.752307

    Nearby Similar for Lease

    • Sponsored
      $119-$3,466/Mo
      11-1,292 SF

      WI, Sheboygan - N 8th St

      703 8Th St, Unit 300, Sheboygan, WI 53081
      View Details
    • $12 SF/Yr
      2,000 SF

      Retail Space in High-Traffic Area

      Retail space available in a highly-trafficked Sheboygan location.
      3424-3510 Kohler Memorial Dr, Sheboygan, WI
      View Details
    • $25 SF/Yr
      1,800 SF

      Retail Space Available For Lease

      Retail space available for lease, approximately 1,800 square feet.
      2619 Calumet Drive, Sheboygan, WI, 53083
      View Details
    • $7 SF/Yr
      4,625 SF

      Modern Flex Space Available

      Flex/industrial space with interstate access and modern building image.
      4706-4738 S Taylor Dr, Sheboygan, WI
      View Details
    • Contact for pricing
      12,550 SF

      Sheboygan Riverfront Office Space

      Professional office space with riverfront views, available summer 2026.
      712 Riverfront Dr, Sheboygan, WI 53081
      View Details
    • $22 SF/Yr
      1,050 SF

      Retail Space on Business Drive

      Retail space available in vibrant business corridor near Piggly Wiggly.
      2932 S Business Dr, Sheboygan, WI
      View Details
    • Contact for pricing
      8,200 SF

      Sheboygan Truck Terminal For Rent

      8,200± SF truck terminal available for lease.
      4117 Playbird Road, Sheboygan, WI 53083
      View Details
    • Contact for pricing
      20,798 SF

      Retail Space Available

      20,798 SF retail space, formerly American Freight and Gander Outdoors.
      4224 Gander Rd | Sheboygan, WI 53083
      View Details
    • Contact for pricing

      Sheboygan Retail Space and Outlots

      Retail spaces and outlots available at Walmart-anchored center.
      I-43 & Hwy 42, Sheboygan, WI, 53081
      View Details
    • Contact for pricing

      Retail Center with Prominent Anchors

      High-visibility retail space in Sheboygan with strong co-tenants.
      2836-3124 South Business Drive, Sheboygan, WI, 53081
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      924 N Taylor Dr, Sheboygan, WI 53081
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Sheboygan, Wisconsin.
      526 S Taylor Dr, Sheboygan, WI 53081
      View Details

    FAQs

    What type of property is this?
    Office units - Remodeled office space in historic downtown Sheboygan.
    Where is this office units located?
    The property is located at 701 N 8th St Sheboygan, WI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Prime location in historic downtown Sheboygan near key amenities.; Extensively remodeled in the late 1990s.; **Beautiful restoration of classic details.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Caleb Hayes
    Real Estate License ID: WI 56667
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    701 N 8th St, Sheboygan, WI 53081
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!