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    1345 W Mason St Green Bay, WI 54303

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    For Lease
    Contact for pricing

    Office suites with flexible layouts, natural light, and included utilities.

    Type:Office
    Added:
    Jan 24, 2023
    Days on Market:
    1172
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 1345 W Mason St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1976

    Spaces For Lease

    at 1345 W Mason St Contact us

    Suite 208 $14 /Mo

    Size
    475 SF
    Type
    Office
    This space features two rooms on the second floor. The first room is the main entrance...
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    Contact us

    Suite 209 $14 /Mo

    Size
    1,175 SF
    Type
    Office
    This top floor space features plenty of windows, private offices, open areas and...
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    Contact us

    Suite 200 $17 /Mo

    Size
    700 SF
    Type
    Office
    Space includes a private lobby, two offices and your own conference/meeting room....
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    Contact us

    Suite 201 $14 /Mo

    Size
    668 SF
    Type
    Office
    Suite 201 offers 668 SF of flexible office space with five private rooms and a larger...
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    Contact us

    Suite 203 $14 /Mo

    Size
    453 SF
    Type
    Office
    Suite 203 offers approximately 452 SF of office space with three private rooms, including...
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    We can help!

    Listing Contact
    Adam Kersten

    Listing agent Adam Kersten License #WI 54365-90

    Listing office Kersten Realty

    Listing date Jan 24, 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 Kersten Realty

    Overview

    Professional Office Suites Available

    Office suites are available at The Heritage Building, located at 1345 W. Mason St. Upper-level spaces offer flexible layouts, ranging from private offices to open workspaces, featuring natural light and a professional appearance. Building improvements include LED lighting in common areas, upgraded thermostats for improved efficiency, parking lot enhancements, a refreshed exterior monument sign, and bright LED exterior lighting for added visibility and safety. The rent includes utilities, maintenance, light cleaning, 24/7 access, use of a shared conference room, and on-site parking. Situated along a high-traffic section of Mason Street, The Heritage Building provides visibility and convenient access for professional service businesses. Upper-level suites are currently available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beauty by Blaire Hair Salon Bigelow & Company Tax Preparation Halo Salon Suite Hair Salon Adecco Staffing Employment Agency RYAEI Association / Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -88.0543565
    Latitude
    44.520156

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    FAQs

    What type of property is this?
    Office units - Office suites with flexible layouts, natural light, and included utilities.
    Where is this office units located?
    The property is located at 1345 W Mason St Green Bay, WI.
    What are key features of this property?
    This property features: Rent includes utilities, maintenance, light cleaning, and 24/7 access.; Flexible layouts available, from private offices to open workspace.; Excellent visibility and convenient access on high‑traffic Mason Street.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Adam Kersten
    Real Estate License ID: WI 54365-90
    Learn More
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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
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