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    The Largest CRE Database in the US with Over 1 Million Listings

    201 Military Ave Green Bay, WI 54303

    Sponsored
    For Lease
    $15 SF/Yr ($17,131 /Mo)

    Prime Green Bay Office Suites Available

    Lot size:
    13,705 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    420
    This exceptional three-story commercial property at 201 S Military Avenue in Green Bay, Wisconsin, offers a unique opportunity for businesses seeking executive office space. Located in Brown County, this 13,705 square foot building features a mix of retail and office space, currently offering three available suites ranging from 1,414 to 1,609 square feet. The property boasts ample surface parking, a significant advantage for employees and clients. The building's multi-tenant configuration provides a diverse and vibrant business environment. The available spaces are ideal for businesses seeking a professional and convenient location in a thriving area of Green Bay. With its strategic location and substantial parking, this property offers excellent visibility and accessibility. The building's three stories provide a variety of layout options to suit different business needs. Currently, 4,563 square feet of space is available for lease, presenting a chance to establish or expand your business in a prime Green Bay location. The property's classification as both retail and office space allows for flexibility in tenant selection and potential business synergy. The zip code is 54303. Contact us today to learn more about leasing opportunities.

    Property Features for 201 Military Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,705 SF
    Total Rate
    17131.25

    Building Details

    Stories
    3

    Spaces For Lease

    at 201 Military Ave, Green Bay, WI 54303 Contact us
    Unit Suite 203

    $15 /Mo

    Size
    1,540 SF
    Contact us
    Unit Suite 201

    $15 /Mo

    Size
    1,414 SF
    Contact us
    Unit Suite 202

    $15 /Mo

    Size
    1,609 SF
    Contact us

    We can help!

    Listing Contact
    Philip Hilgenberg, Ccim
    Philip Hilgenberg, Ccim

    Learn more

    HighLights

    • Ample surface parking.
    • Excellent retail and restaurant synergy.
    • High visibility on a major thoroughfare.
    • Negotiable lease terms.
    • Desirable demographics.
    Property Profile Location Intelligence

    Current Use by Public Records

    BMO Bank N.A ... Bank COMSA, A Resource Center ... Association / Organization M&i Financial Advisors Financial Advisor BMO Harris Bank ... Loan Service BMO Harris Bank ... Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -88.0597636
    Latitude
    44.5281018

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Green Bay Office Suites Available
    Where is this office property / space located?
    The property is located at 201 Military Ave Green Bay, WI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Ample surface parking.; Excellent retail and restaurant synergy.; High visibility on a major thoroughfare.
    Request Owner's contact information
    201 Military Ave Green Bay, WI 54303
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    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
    201 Military Ave Green Bay, WI 54303
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    We can help!
    Listing Contact
    Philip Hilgenberg, Ccim
    Philip Hilgenberg, Ccim
    Real Estate License ID: 9030297
    Learn more
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