Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1216 State St Green Bay, WI 54304

    • Manufacturing properties
    • 5,360 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1019475
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1216 State St

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    5,360 SF
    Property type
    Manufacturing properties
    APN
    1 820
    APU
    1820

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $400,000
      6.5%
      $365,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $243,000
      Market price range: $244k - $874k
      AI Estimate
      $225,000
      Market price range: $226k - $600k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -88.0294
    Latitude
    44.5031
    CBSA code
    24580
    CBSA name
    GREEN BAY, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,773
    $15,300
    $80,200
    $95,500
    -
    $0.00
    $0.00
    $107,400

    Comparable in this City

    • Value Estimation
      $340,000
      7,680 SF

      1602 Broadway

      MANUFACTURING (LIGHT) • 7,680 SF
      1602 Broadway, Green Bay, WI 54304
      View Details
    • Value Estimation
      $205,000
      1,680 SF

      1101 Broadway

      MANUFACTURING (LIGHT) • 1,680 SF
      1101 Broadway, Green Bay, WI 54304-2740
      View Details
    • Value Estimation
      $185,000
      4,860 SF

      1217 Broadway

      MANUFACTURING (LIGHT) • 4,860 SF
      1217 Broadway, Green Bay, WI 54304-2742
      View Details
    • Value Estimation
      $200,000
      6,150 SF

      7th St

      MANUFACTURING (LIGHT) • 6,150 SF
      7th St, Green Bay, WI 54304
      View Details
    • Value Estimation
      $215,000
      2,755 SF

      414 9th St

      MANUFACTURING (LIGHT) • 2,755 SF
      414 9th St, Green Bay, WI 54304-3520
      View Details
    • Value Estimation
      $190,000
      2,700 SF

      1220 Chestnut Ave

      MANUFACTURING (LIGHT) • 2,700 SF
      1220 Chestnut Ave, Green Bay, WI 54304-2763
      View Details

    Similar Nearby for Sale

    • $1,600,000
      16,436 SF

      Green Bay Redevelopment Opportunity

      1.26 Acres, Lambeau Field Views
      729 Mike Mccarthy Way, Green Bay, WI 54304
      View Details
    • $4,000,000
      3.39 Acres

      Highway 172 Development: Prime WI Land

      Mixed-use development opportunity, prime location.
      0 Hwy 172, Green Bay, WI 54304
      View Details
    • $5,450,000
      90,788 SF

      Murrieta Flex Space - Jefferson Ave

      Prime Murrieta flex space, 1,600-5,640 SF available.
      2871 Oneida St, Green Bay, WI 54304
      View Details
    • Contact for pricing
      2.47 Acres

      Prime Ashwaubenon Commercial Land

      2.47 Acres, Pad-Ready, High Visibility
      2760 Oneida St, Ashwaubenon, WI 54304
      View Details
    • $750,000
      0.48 Acres

      Arboretum Outlots For Sale

      Prime Ashwaubenon Commercial Land
      0 Willard Dr, Ashwaubenon, WI 54304
      View Details
    • $1,450,000
      4,176 SF

      Medical Building in Ashwaubenon District

      Class A medical building in the heart of Ashwaubenon.
      2411 Holmgren Way, Green Bay, WI 54304
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      7,500 SF

      Green Bay Warehouse Space Available

      Multi-tenant warehouse space with easy access to Interstate 41.
      3001 Ramada Way, Green Bay, WI 54304
      View Details
    • $7 SF/Yr
      20,000 SF

      Green Bay Warehouse - 20,000 SF

      Spacious Green Bay industrial warehouse for lease.
      3146 Market St, Green Bay, WI 54304
      View Details
    • $6 SF/Yr
      7,300 SF

      Spacious Warehouse for Lease

      7,300 SF warehouse ideal for storage or vehicle parking.
      200 9Th St, Green Bay, WI 54304
      View Details
    • $12 SF/Yr
      218,323 SF

      Green Bay Office Space Available

      Prime Green Bay location, flexible office suites.
      700 Pilgrim Way, Green Bay, WI 54304
      View Details
    • $10 SF/Yr
      1,323 SF

      Professional Office Space Available

      Multi-tenant office building with shared conference room and abundant parking.
      926 Willard Dr, Green Bay, WI 54304
      View Details
    • $10 SF/Yr
      615 SF

      Office Space Available For Rent

      Office suites and single offices available for lease.
      812 S Fisk St, Green Bay, WI 54304
      View Details
    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.
    1216 State St
    Green Bay, WI 54304
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.