Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land in University Heights Title is generated by Realmo AI

    S Hemlock Rd, Green Bay, WI 54229

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    18.46-acre commercial site with 7.5 usable acres.

    Type:Land
    Lot size:
    18.46 Acres
    Added:
    Nov 2, 2021
    Days on Market:
    1672
    Last Refresh:
    May 19 at 9:11 pm

    Property Features for S Hemlock Rd

    General Information

    Standard status
    Active
    Lot size
    18.46 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Todd DeVillers

    Listing agent Todd DeVillers License #WI 49056-90

    Listing office RE Commercial LLC

    Listing date Nov 2, 2021

    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 RE Commercial LLC

    HighLights

    • 18.46‑acre parcel with approximately 7.5 usable acres.
    • Located in a TIF district, offering potential municipal assistance for development costs.
    • Commercial site available in the University Heights Commercial Center.
    • Easy access to Highway 54/57.
    • Located on Green Bay's northeast side.

    Overview

    This 18.46-acre parcel, with approximately 7.5 usable acres, is a commercial site available for sale in the University Heights Commercial Center on Green Bay's northeast side. It offers convenient access to and from Highway 54/57. Located in a TIF district, the site is eligible for municipal assistance with development costs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -87.8653677
    Latitude
    44.5357584

    Nearby Similar for Sale

    • $520,000
      3,202 SF

      Spacious Duplex in Green Bay

      Well-maintained duplex on a large lot in Ashwaubenon.
      1633 PONDEROSA Avenue, GREEN BAY, WI 54313-6062
      View Details
    • $715,000
      3,552 SF

      New Duplex Investment Opportunity

      Modern duplex built in 2024 with reliable cash flow.
      735 HOFFMAN Road, GREEN BAY, WI 54301
      View Details
    • $485,000
      3,473 SF

      Green Bay Bi-Level Multifamily Property

      Well-maintained Green Bay duplex with rental income potential.
      2203 GILSON Court, GREEN BAY, WI 54304-4221
      View Details
    • $429,900
      3,196 SF

      Established Bar in Green Bay

      Well-maintained bar with outdoor area on high-traffic street.
      1803 Main St, Green Bay, WI 54302
      View Details
    • $419,900
      4,344 SF

      Sprawling Ranch Duplex in Green Bay

      Ranch duplex featuring updates, garages, fenced yard, and storage shed.
      401 STEVEN Street, GREEN BAY, WI 54303-4615
      View Details
    • $199,900
      5,040 SF

      Green Bay Commercial Building Opportunity

      Commercial building on .27-acre lot, ready for customization.
      818 South Broadway, Green Bay, WI 54304
      View Details
    • $425,000
      2,484 SF

      Remodeled Duplex in Howard

      Newly remodeled duplex with excellent ROI and rental history.
      2516 N VIEW Court, GREEN BAY, WI 54303-6233
      View Details
    • $449,900
      2,140 SF

      Green Bay Duplex Investment Opportunity

      Well-kept Green Bay duplex, each unit with 2BR/1.5BA.
      2793 AQUARIUS Road, GREEN BAY, WI 54311-6663
      View Details
    • $399,900
      3,267 SF

      Income-Producing Fourplex in Green Bay

      Renovated fourplex with potential for a fifth unit.
      434 S JACKSON Street, GREEN BAY, WI 54301
      View Details
    • $1,195,000
      12,460 SF

      Functional Industrial Facility in Ashwaubenon

      12,460 SF industrial facility with flexible warehouse/office layout.
      3300 Commodity Ln, Green Bay, WI 54304
      View Details
    • $359,900
      2,690 SF

      Well-Maintained Duplex in Green Bay

      Two-unit property with spacious layouts, ideal for homeowners or investors.
      1622 CANARY Lane, GREEN BAY, WI 54304
      View Details
    • $229,900
      1,990 SF

      West Green Bay Duplex Opportunity

      Versatile duplex in prime location, ideal for investors or owner-occupants.
      918 DIVISION Street, GREEN BAY, WI 54303
      View Details

    FAQs

    What type of property is this?
    Commercial land - 18.46-acre commercial site with 7.5 usable acres.
    Where is this commercial land located?
    The property is located at S Hemlock Rd Green Bay, WI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 18.46‑acre parcel with approximately 7.5 usable acres.; Located in a TIF district, offering potential municipal assistance for development costs.; Commercial site available in the University Heights Commercial Center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Todd DeVillers
    Real Estate License ID: WI 49056-90
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    S Hemlock Rd, Green Bay, WI 54229
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!