Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Hemlock Rd Green Bay, WI 54229

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    18-Acre Commercial/Industrial Site, Hwy 54 Access

    Property Features for 0 Hemlock Rd

    General Information

    Property type
    Land
    Lot Size
    804,118 SF

    We can help!

    Listing Contact
    Todd Devillers
    Todd Devillers

    Listing Agency: RE Commercial LLC Listing Agent: Todd Devillers

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

    Learn more

    Overview

    This exceptional 18.46-acre parcel presents a prime commercial and industrial development opportunity in Green Bay, Wisconsin. Located on S Hemlock Rd, near the intersection of Highway 54/57, this property boasts convenient access to major transportation routes. The site is zoned for Commercial/Mixed Use, offering flexibility for a variety of development projects. Approximately 7.5 usable acres are available within the University Heights Commercial Center on Green Bay's northeast side. The property's APN is 22-SC482. Its strategic location within a Tax Increment Financing (TIF) district provides potential for municipal assistance with development costs, making this an attractive investment. The asking price for this significant land holding is $295,000. This is a rare opportunity to acquire a substantial parcel in a thriving area with excellent infrastructure and development incentives. The property is being offered for sale by owner. Serious inquiries only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -87.866464
    Latitude
    44.5435642

    Nearby Similar for Sale

    • $1,299,900
      28,560 SF

      Green Bay Office Building

      Spacious office building with executive spaces and parking.
      414 E Walnut St, Green Bay, WI 54301
      View Details
    • $299,900
      1,582 SF

      Versatile Two-Family Home Near Astor Park

      Two-unit property near Astor Park, ideal for investment or single-family.
      1343 Eliza St, Green Bay, WI 54391
      View Details
    • $999,999
      2,048 SF

      Turn-Key Duplex Near Lambeau Field

      Duplex near Lambeau Field with high-end finishes and rental income.
      1839 S Oneida St, Green Bay, WI 54304
      View Details
    • $400,000
      3,204 SF

      Green Bay Multifamily Investment Opportunity

      Multifamily property with immediate cash flow in Green Bay.
      1015 E Walnut St, Green Bay, WI 54301
      View Details
    • $649,900
      19,236 SF

      Historical Green Bay Commercial Building

      Historical Green Bay building with commercial or residential conversion potential.
      815 Chicago St, Green Bay, WI 54301
      View Details
    • $750,000
      2,560 SF

      Turnkey Restaurant and Real Estate

      Established restaurant with real estate in Green Bay's Broadway District.
      201 S Broadway, Green Bay, WI 54302
      View Details
    • $179,900
      1,747 SF

      Green Bay Duplex with Potential

      Charming duplex in Green Bay with income potential.
      828 Mather St, Green Bay, WI 54303
      View Details
    • $299,900
      2,318 SF

      Green Bay Duplex with History

      Duplex in Green Bay with good rental history and storage.
      539 S Clay St, Green Bay, WI 54301
      View Details
    • $290,000
      2,432 SF

      Green Bay Multifamily Property

      Well-maintained upper-lower duplex with strong rental history in Green Bay.
      1174 Cherry St, Green Bay, WI 54301
      View Details
    • $249,900
      1,889 SF

      Green Bay Triplex Investment Opportunity

      Triplex in Green Bay near hospitals with detached four-stall garage.
      1028 Stuart St, Green Bay, WI 54301
      View Details
    • New
      $424,000
      2,016 SF

      Green Bay Duplex Investment Property

      Turnkey duplex in Howard generating $2,850 monthly rents.
      1151 Rockwell Rd, Green Bay, WI 54313
      View Details
    • New
      $449,000
      Pending

      Spacious Duplex Near Lambeau Field

      Turn-key duplex near Lambeau Field, generating $3300/month net rent.
      2138 Patty Ln, Green Bay, WI 54304
      View Details

    FAQs

    What type of property is this?
    Land - 18-Acre Commercial/Industrial Site, Hwy 54 Access
    Where is this land located?
    The property is located at Hemlock Rd Green Bay, WI.
    What is the asking price?
    The asking price for this property is $295,000.
    (920) 997-3334 Call to check price and availability
    Request Owner's contact information
    Hemlock Rd Green Bay, WI 54229
    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.
    Hemlock Rd
    Green Bay, WI 54229
    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
    Hemlock Rd Green Bay, WI 54229
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Todd Devillers
    Todd Devillers
    Real Estate License ID: 4905690
    (920) 997-3334 (920) 470-7573
    Learn more
    Google sign-in failed. Please try again or use another login method.