Strip Mall With Tenant
940 Hansen Rd, Green Bay, WI 54304
For Sale
$4,650,000
Multi-tenant retail center with leases averaging 3–5 years.
Property Size23,843 SF
Price / SF$195.03
Days on Market101
Property Features for 940 Hansen Rd
General Information
Standard status
Size
Building Details
Year Built
Tenancy
Listing Agency:
Besaw Properties, Ltd
Listed By:
Timothy J. Besaw · License #52657
(920) 680-8080
Source:
Lisakawula
Added: Aug 1
Changed: Nov 4
Last Checked: Oct 7 at 1:42PM
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 Besaw Properties, Ltd
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Investment Insights
Based on property information with market context.
This 23,834-square-foot strip mall is configured as a multi-tenant retail center with an established mix of occupants. Lease terms average 3–5 years across the property, providing a defined tenancy profile for evaluation. The property is broker owned and located at 940 Hansen Rd in Green Bay, Wisconsin.
Key Highlights
- 23,834‑square‑foot strip mall
- Multi‑tenant retail center with a tenant mix
- Leases average 3–5 years across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$263,570
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,271,400
$5.3M
Cap Rate 7%
$3,765,286
$3.8M
Cap Rate 9%
$2,928,556
$2.9M
Market Conditions
NOI Build-Up for 23,843 SF
Gross rent
$400.6K $16.80/SF
− Vacancy
−$24.0K −$1.01/SF
EGI
$376.5K $15.79/SF
− OpEx
−$113.0K −$4.74/SF
NOI
$263.6K $11.05/SF
Area
Green Bay, WI
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,271,400
Cap Rate 7%
$3,765,286
Cap Rate 9%
$2,928,556
Alternative Uses
Best Use
Retail
$3.77M
$3.29M – $4.39M
NOI $263,570 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.56M
$4.86M – $6.49M
NOI $389,118 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
531k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 36%
Apparel 21%
Groceries 3%
DICK'S Sporting Goods
Apparel
79,056 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
57,754 visits/mo
0.5 miles
Kwik Trip
Shops & Services
52,129 visits/mo
0.1 miles
Olive Garden
Dining
36,687 visits/mo
0.2 miles
Jo-Ann Fabric and Craft
Shops & Services
30,762 visits/mo
0.3 miles
Demographics for 54304, WI
27,679
Population
12,997
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,366
Density / Sq Mi
$60,369
Median Household Income
$38,926
Median Earnings
$935
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail center with leases averaging 3–5 years.
Where is this strip mall located?
The property is located at 940 Hansen Rd Green Bay, WI.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 23,834‑square‑foot strip mall; Multi‑tenant retail center with a tenant mix; Leases average 3–5 years across the property
