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Property profile & analytics
FOR LEASE
Office buildings
2020 Innovation Ct De Pere, WI 54115
Entity Owned
4-yr Hold
Free & Clear
Property ID
US92-3444551
For Lease
1 / 45
Contact for pricing
2020 Innovation Ct, De Pere, WI 54115
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Property summary
AI-generated overview
This exceptional Class A office building, located at 2020 Innovation Court in De Pere, Wisconsin, offers 87,000 square feet of vacant space in a 161,123 square foot building. Currently, one contiguous space of 43,500 square feet is available for lease, representing a significant portion of two floors that have never been occupied. The building boasts a prime location adjacent to the US Highway 41/141 freeway ramp, providing convenient access for employees and clients. Its proximity to Austin Straubel Airport further enhances its appeal. This state-of-the-art facility offers a modern and efficient workspace, ideal for businesses seeking a prestigious address. On-site amenities include a cafeteria, exercise facility, and training facility available for lease on the first floor. The building's modern design and amenities, combined with its convenient location and the availability of a large, contiguous block of never-before-occupied space, present a unique opportunity for a discerning tenant. The property is situated in Brown County, Wisconsin, with a zip code of 54115. This is a rare chance to secure a substantial, high-quality office space in a desirable location. The building's multiple tenancy structure allows for flexibility and scalability.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
175,271 SF
Lot
17.86 ac (778,025 SF)
APN
WD D0036-2
UPID
US92-3444551
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Landmark Health Medical Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.40M
Comparable Approach
Comparable
$25.93M
Blend (final)
Blend
$30.70M
Owner & transaction history
Et Green Bay LLC · 4 yrs held
Et Green Bay LLC
since 2022
Last sale
$36.9M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$30.3M
+63.8%
Auto repair, garage
$23.1M
+25.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs De Pere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs De Pere submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$25,935,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,175,000
6.5%
$33,395,000
7%
$31,010,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,515,000
Current use
RESTAURANT
$30,325,000
Change: +64% · Conversion: Moderate
AUTO REPAIR, GARAGE
$23,145,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$30.70M
Range $27.63M – $33.76M · ±10% · vs last sale $36.89M (Jul 22 2022)
Last sale anchor
$36.89M
Jul 22 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$175 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$644,368
Tax year 2023
Assessed value
$36,885,000
Assessed 2023
Previous assessed
$26,290,600
+40.3% YoY
Effective rate
1.75%
On assessed value
Assessed land
$700,000
Assessed improvement
$36,185,000
Total market value
$37,834,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2021
Total area
175,271 SF
Lot
17.86 ac (778,025 SF)
APN
WD D0036-2
UPID
US92-3444551
Jurisdiction
BROWN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$18.5M
RESTAURANT
Est. value
$30.3M
AUTO REPAIR, GARAGE
Est. value
$23.1M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Lot
17.86 ac
Current owner
From public records · entity-resolved
Et Green Bay LLC
Entity
Free & Clear · 4 yrs held
Mailing address
990 BREN RD, HOPKINS, MN 55343
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
$36,885,000
Et Green Bay LLC
Innovation Properties Two LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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