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    1600 Shawano Ave Green Bay, WI 54303
    Property profile & analytics

    1600 Shawano Ave Green Bay, WI 54303

    View on Map
    • Commercial real estate
    • 22,900 SF
    • 1.70 lot acres
    Off-Market
    Property ID
    US92-0618136
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sengstock Brian G CPA / Tax Preparation
    • Rejuva LLC / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Rejuva Wellness & Aesthetics LLC / Spa & Massage Center / Alternative Medicine Practice
    • U.S. Air Force & Space Force Recruiting / Military Recruiting Office / Recruiter
    • Pro Data IV / Accounting Firm / Tax Preparation

    Property Details for 1600 Shawano Ave

    Year built
    1976
    Lot size
    1.70 lot acres
    Property size
    22,900 SF
    Property type
    Commercial real estate

    Description

    This exceptional two-story office building, totaling 22,900 square feet, is situated on a 1.696-acre lot at the corner of Shawano Avenue (Highway 29) and Military Avenue in Green Bay, Wisconsin. Built in 1976, the property offers multiple tenancy options with three spaces currently available, ranging from 225 to 1,050 square feet. The building is a traditional office style and does not include elevators. All utilities are included in the attractive rental rates, providing a full-service experience for tenants. This comprehensive package encompasses property taxes, heat, electricity, water, light cleaning, maintenance, lawn care, snow removal, and ample parking. Tenants also enjoy complimentary use of the building's conference room. The property boasts a highly convenient location, within walking distance of shopping, restaurants, and banking facilities. It's also just three blocks from St. Mary's Hospital and conveniently located near major highways, including Highway 29, I-41, and I-43. This is a rare opportunity to secure office space in a desirable, well-maintained building with an all-inclusive rental structure in a prime Green Bay location. The property is located in Brown County, Wisconsin, with a zip code of 54303.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -88.0604128
    Latitude
    44.5305774

    Comparable in this City

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      Versatile Workspace Solutions Available

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      New Class A Retail/Office Space

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      Professional Office Space For Lease

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      2140 Velp Ave, Green Bay, WI 54303
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      Professional Office Suites Available

      Office suites with flexible layouts, natural light, and included utilities.
      1345 W Mason St, Green Bay, WI 54303
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    Similar Nearby for Lease

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      Retail/Office Space on Military Avenue

      Well-maintained retail and office spaces with high visibility.
      101 N Military Ave, Green Bay, WI 54303
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      Versatile Workspace Solutions Available

      Flexible office spaces with various options and amenities.
      2149 Velp Ave 1 &, Green Bay, WI 54303
      View Details
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      Retail/Office Suite in Rail Yard

      New retail/office suite in Green Bay's Rail Yard District.
      419 Donald Driver Way, Green Bay, WI 54303
      View Details
    • Contact for pricing
      5,808 SF

      New Class A Retail/Office Space

      New construction retail, office, or flex space for lease.
      1111 N Military Ave, Green Bay, WI 54303
      View Details
    • Contact for pricing
      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

      Professional Office Suites Available

      Office suites with flexible layouts, natural light, and included utilities.
      1345 W Mason St, Green Bay, WI 54303
      View Details
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    1600 Shawano Ave
    Green Bay, WI 54303
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    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.

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