Downtown Office
927 S 8th Street, Manitowoc, WI 54220
For Sale
New
Contact for pricing
Upper-level suites feature woodwork and access to a shared reception area.
Property Size23,000 SF
Price / SF$0.02
Days on Market2
Property Features for 927 S 8th Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway Starck Real Estate
(920) 663-4001
Listed By:
Amy Townsend · License WI #5839790
(920) 323-3450
Source:
Howardandwilliams
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 11 at 4:19PM
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 Berkshire Hathaway Starck Real Estate
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Investment Insights
Based on property information with market context.
Office suites are available on the second and third floors of this 23,000-square-foot property. The interior includes warm woodwork and a large reception area, with suite sizes available in a range of configurations.
Built in 1895, the building is at 927 S 8th Street in downtown Manitowoc and is zoned B-4.
Built in 1895, the building is at 927 S 8th Street in downtown Manitowoc and is zoned B-4.
Key Highlights
- Office space on the second and third floors
- 23,000‑square‑foot building
- Large reception area and warm woodwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,044
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,480,880
$4.5M
Cap Rate 7%
$3,200,629
$3.2M
Cap Rate 9%
$2,489,378
$2.5M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$347.8K $15.12/SF
− Vacancy
−$49.0K −$2.13/SF
EGI
$298.7K $12.99/SF
− OpEx
−$74.7K −$3.25/SF
NOI
$224.0K $9.74/SF
Area
Manitowoc County, WI
Vacancy
14.10%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,480,880
Cap Rate 7%
$3,200,629
Cap Rate 9%
$2,489,378
Alternative Uses
Best Use
Office B
$3.20M
$2.80M – $3.73M
NOI $224,044 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.04M
$4.41M – $5.88M
NOI $352,832 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
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Business Placement
Demographics for 54220, WI
40,737
Population
18,942
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
91%
High-School Grad
98.7 sq mi
ZIP Area
413
Density / Sq Mi
$65,188
Median Household Income
$40,791
Median Earnings
$790
Median Rent
$159,500
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Upper-level suites feature woodwork and access to a shared reception area.
Where is this office unit located?
The property is located at 927 S 8th Street Manitowoc, WI.
What are key features of this property?
This property features: Office space on the second and third floors; 23,000‑square‑foot building; Large reception area and warm woodwork
