Add Listing
    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

    S Hemlock Rd Green Bay, WI 54229

    View on Map
    Loading data...
    Loading data...
    Loading data...
    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:
    1613
    Last Refresh:
    Mar 17 at 1:14 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

    Overview

    Commercial Land in University Heights

    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.
    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

    • $474,900
      2,771 SF

      New Ranch-Style Duplex in Green Bay

      Modern 2024 duplex with expansion potential, ideal for investment.
      2323 DECKNER Avenue, GREEN BAY, WI 54302
      View Details
    • $499,900
      2,598 SF

      Well-Maintained Duplex in Green Bay

      Spacious duplex with strong rental history and desirable layouts.
      1528 VAN Road, GREEN BAY, WI 54311
      View Details
    • $385,000
      1,698 SF

      Turn-Key Duplex in Green Bay

      Side-by-side duplex with income potential in Green Bay, WI.
      2220 DEER Trail, GREEN BAY, WI 54302
      View Details
    • $1,500,000
      1,311 SF

      Green Bay Gas Station Opportunity

      Turn-key gas station with convenience store in high-traffic Green Bay.
      2115 Main St, Green Bay, WI 54302
      View Details
    • $329,900
      2,262 SF

      Green Bay Duplex Investment Opportunity

      Side-by-side duplex in Howard location, great investment opportunity.
      961 ALTA Street, GREEN BAY, WI 54313-7053
      View Details
    • $410,000
      2,300 SF

      Well-Maintained Duplex with Rental History

      Green Bay duplex featuring 2-bedroom units and attached garages.
      2966 MANITOWOC Road, GREEN BAY, WI 54301
      View Details
    • $498,000
      3,780 SF

      Updated Green Bay Fourplex Investment

      Updated fourplex in downtown Green Bay, leased and generating income.
      325 S JEFFERSON Street, GREEN BAY, WI 54301-4522
      View Details
    • $199,900

      Green Bay Commercial Building Opportunity

      Commercial building on .27-acre lot, ready for customization.
      818 South Broadway, Green Bay, WI 54304
      View Details
    • $350,000

      Vacant Land with Bay Views

      3.73 acres of vacant land with bay views.
      3276 NICOLET Drive, GREEN BAY, WI 54311
      View Details
    • $359,900
      2,645 SF

      Well-Maintained Duplex in Green Bay

      Duplex with updates, ideal for investors or owner-occupants.
      1376 KELLOGG Street, GREEN BAY, WI 54303
      View Details
    • $449,000
      2,512 SF

      Spacious Duplex Near Lambeau Field

      Turn-key duplex near Lambeau Field, generating $3300/month net rent.
      2138 PATTY Lane, GREEN BAY, WI 54304-4231
      View Details
    • $189,900
      1,596 SF

      Well-Maintained Duplex in Green Bay

      Duplex with income potential, near downtown Green Bay.
      202 IRENE Street, GREEN BAY, WI 54302
      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
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!