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    3200 Riverside Dr Allouez, WI 54301

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    For Lease
    Contact for pricing

    Prime Green Bay Office Space: 5,000-20,000 SF Available

    Lot size:
    68,924 SF

    Property Features for 3200 Riverside Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    68,924 SF
    Total Rate
    91898.67

    Building Details

    Year Built
    1977
    Stories
    2

    Spaces For Lease

    at 3200 Riverside Dr, Allouez, WI 54301 Contact us
    Unit Available Space 2

    $16 /Mo

    Size
    20,000 SF
    Contact us
    Unit Available Space 1

    $16 /Mo

    Size
    5,000 SF
    Contact us

    We can help!

    Listing Contact
    Marc Veras
    Marc Veras

    Listing Agency: RE Commercial LLC Listing Agent: Marc Veras

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional office property, located at 3200 Riverside Drive in Green Bay, offers immediate availability for lease. The building, constructed in 1977, boasts a total of 68,924 square feet across two stories, situated on a spacious 14.43-acre lot. The property features a beautifully landscaped setting, enhanced by a walking trail along the western lot line, providing a tranquil and attractive environment for tenants. The available space ranges from a minimum of 5,000 square feet to a maximum contiguous space of 20,000 square feet, currently presenting 20,000 square feet of vacant space on the first floor. This flexible layout is ideal for a variety of businesses, including executive offices and medical practices. The open-concept design incorporates several executive offices and benefits from abundant natural light. Ample parking is provided with 110 spaces available. The building enjoys a highly convenient location on the east side of Green Bay, offering easy access to major transportation arteries including I-41, Highway 172, and I-43, ensuring seamless commutes for employees and clients. This is a rare opportunity to secure high-quality office space in a desirable location with immediate occupancy. The property is suitable for multiple tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Allouez
    County
    Brown
    State
    Wisconsin
    Longitude
    -88.043458068561
    Latitude
    44.469368543987

    Nearby Similar for Lease

    • Contact for pricing
      7,835 SF

      Green Bay Retail Space Available

      High-traffic storefront, ample parking.
      3921 Webster Ave, Allouez, WI 54301
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Green Bay Office Space: 5,000-20,000 SF Available
    Where is this medical office located?
    The property is located at 3200 Riverside Dr Allouez, WI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 68,924 SF office building with 20,000 SF of immediately available space.; Multiple tenancy options available, ranging from 5,000 SF to 20,000 SF contiguous spaces.; Located in Green Bay, WI with convenient access to I-41, Hwy 172, and I-43.
    (920) 997-3334 Call to check price and availability
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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
    3200 Riverside Dr Allouez, WI 54301
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marc Veras
    Marc Veras
    Real Estate License ID: 4755190
    (920) 997-3334
    Learn more
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