Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    3400 University Dr Marinette, WI 54143

    Sponsored
    For Lease
    Contact for pricing

    3.27 Acres, B-3 Zoning, High Visibility

    Lot size:
    142,441 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    This exceptional 3.27-acre commercial land parcel presents a unique investment opportunity in Marinette, Wisconsin. Located at 3400 University Drive, the property boasts a highly desirable B-3 Business zoning designation, offering considerable flexibility for a wide range of commercial developments. Its strategic location within Marinette's most prominent retail corridor ensures high visibility and accessibility. The site is conveniently situated just blocks from major institutions including the University of Wisconsin-Marinette, Northwest Technical College, and Bay Area Medical Center, guaranteeing a substantial and diverse potential customer base. The single-tenant zoning allows for focused development and streamlined planning. The property's ample size (3.27 acres, as per Marinette County records, APN #251-00622.010) provides significant room for expansion and future growth. This exceptional location, combined with its versatile zoning and substantial lot size, makes this property an ideal choice for developers seeking a prime location in a thriving community. The property is ready for immediate development, offering a rare opportunity to capitalize on the strong commercial activity in this area of Marinette. Serious inquiries are encouraged to explore the full potential of this outstanding commercial land offering. The address is 3400 University Dr, Marinette, WI 54143.

    Property Features for 3400 University Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    142,441 SF

    Spaces For Lease

    at 3400 University Dr, Marinette, WI 54143 Contact us

    We can help!

    Listing Contact
    Thomas Flynn

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Skin Care Clinic Pharmacy Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Marinette
    County
    Marinette
    State
    Wisconsin
    Longitude
    -87.655734
    Latitude
    45.072173

    Nearby Comparable

    • $16 SF/Yr
      69,245 SF

      Menominee Retail Space Available

      Up to 5,000 SF retail space for lease.
      1319 8Th Ave, Menominee, MI 49858
      View Details
    • $3 SF/Yr
      106,633 SF

      Peshtigo Industrial Property

      106,633 SF Manufacturing/Warehouse
      701 Maple St, Peshtigo, WI 54157
      View Details
    • $10 SF/Yr
      119,975 SF

      Sturgeon Bay Retail Center Investment

      Three Suites Available, High Traffic Area
      1300 Egg Harbor Rd, Sturgeon Bay, WI 54235
      View Details
    • $9 SF/Yr
      34,000 SF

      New Flex Industrial Building

      New flex industrial building ideal for manufacturing, logistics, and warehouse.
      S Neenah Ave, Sturgeon Bay, WI 54235
      View Details
    • $10 SF/Yr
      8,919 SF

      Prime Oconto Falls Office Space

      8,919 SF Single-Tenant Office Building
      500 Cherry Ave, Oconto Falls, WI 54154
      View Details
    • $3,000,000
      144 SF

      Furnished Office Space Available

      Class A office space near University of Wisconsin Green Bay.
      2571 S Hemlock Rd, Green Bay, WI 54311
      View Details
    • Contact for pricing
      8,000 SF

      New Retail Spaces Available

      New retail building with customizable spaces for rent.
      3830 Algoma Rd, New Franken, WI 54229
      View Details
    • $12 SF/Yr
      7,440 SF

      Versatile Flex Space Available

      Flex space available for rent north of 41 on Velp.
      3600 Velp Ave, Green Bay, WI 54313
      View Details
    • $13 SF/Yr
      2,200 SF

      Professional Office Space For Lease

      Office space for lease with signage and parking included.
      2140 Velp Ave, Green Bay, WI 54303
      View Details
    • Contact for pricing
      7,044 SF

      Glendale Ave Retail Center

      Howard Retail Space: 5,658 SF Available
      2598 Glendale Ave, Howard, WI 54313
      View Details
    • $7 SF/Yr
      6,039 SF

      Green Bay Office Space Available

      Flexible workspace solutions in Green Bay, WI.
      2149 Velp Ave 1 &, Green Bay, WI 54303
      View Details
    • $14 SF/Yr
      3,000 SF

      Flex Space with Shop Space

      Flex space featuring showroom, office, bathroom, and shop area.
      1760 Velp Ave, Green Bay, WI 54303
      View Details

    FAQs

    What type of property is this?
    Land - 3.27 Acres, B-3 Zoning, High Visibility
    Where is this land located?
    The property is located at 3400 University Dr Marinette, WI.
    Request Owner's contact information
    3400 University Dr Marinette, WI 54143
    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.
    3400 University Dr
    Marinette, WI 54143
    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
    3400 University Dr Marinette, WI 54143
    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!
    Listing Contact
    Thomas Flynn
    Learn more
    Google sign-in failed. Please try again or use another login method.