Versatile Single-Story Office
For Sale
Contact for pricing
1325 S Broadway St, De Pere, WI 54115
Single-story office building with ample parking and natural light.
Property Size7,300 SF
Price / SF$164.25
Days on Market1480
Property Features for 1325 S Broadway St
General Information
Standard status
Active
Size
7,300 SF
Class
A
Property subtype
Office
Zoning
B-2
Building Details
Year Built
2008
Listing Agency:
Prime Space LLC
(920) 265-8804
Listed By:
Johnny Simpson · License #55781
Source:
Crexi
Added: Aug 4, 2022
Changed: Aug 8
Last Checked: Aug 8 at 11:10AM
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 Prime Space LLC
Investment Insights
Based on property information with market context.
This newer, single-story office building offers versatility for various office users. The property features ADA-accessible features and easy access with no stairs. Two parking fields and exterior entrances facilitate separate employee and visitor parking. The interior includes 17 perimeter offices with natural light, 4 interior offices, 3 conference/meeting rooms, 3 bathrooms, a kitchen/break room, a lobby with a waiting room, a filing room, a storage room, and an IT room. There are 43 parking spaces available. High-speed internet is available. The estimated real estate taxes, property insurance, and common area expenses (CAM), often referred to as NNN "triple net expenses," are estimated at $4.82 per square foot annually, totaling $2,932 per month. The property is located in De Pere, WI.
Key Highlights
- Versatile single‑story office building with no stairs and ADA accessibility.
- Ample parking with 43 spaces and separate parking fields for employees and visitors.
- 17 perimeter offices with abundant natural light.**
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
$84,753
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
7.07%
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%
$1,695,060
$1.7M
Cap Rate 7%
$1,210,757
$1.2M
Cap Rate 9%
$941,700
$941.7K
Market Conditions
NOI Build-Up for 7,300 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
$131.4K $18.00/SF
− Vacancy
−$18.4K −$2.52/SF
EGI
$113.0K $15.48/SF
− OpEx
−$28.3K −$3.87/SF
NOI
$84.8K $11.61/SF
Area
Brown County, WI
Vacancy
14.00%
Lease Rate
$18.00 /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%
$1,695,060
Cap Rate 7%
$1,210,757
Cap Rate 9%
$941,700
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,753 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.10M
$5.34M – $7.12M
NOI $427,297 @ 7.0% cap · market cap 35.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
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 building - Single-story office building with ample parking and natural light.
Where is this office building located?
The property is located at 1325 S Broadway St De Pere, WI.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Versatile single‑story office building with no stairs and ADA accessibility.; Ample parking with 43 spaces and separate parking fields for employees and visitors.; 17 perimeter offices with abundant natural light.**
