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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2140 Velp Ave Green Bay, WI 54303

    • Commercial real estate
    • 2.96 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0536062
    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

    • Commercial real estate

    Property Details for 2140 Velp Ave

    Lot size
    2.96 lot acres
    Property type
    Commercial real estate
    APN
    VH 380-2
    APU
    VH3802

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    2140-2170 Velp Ave
    County
    Brown
    State
    Wisconsin
    Longitude
    -88.0683
    Latitude
    44.5604
    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
    $28,255
    $292,300
    $1,573,000
    $1,865,300
    -
    $0.00
    $0.00
    $2,088,600

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      State Road

      COMMERCIAL (GENERAL) • 0.17 Acres
      State Road, 96, WI
      View Details
    • Value Estimation by Request
      1.26 Acres

      1106-1108 Pilgrim Way, WI

      COMMERCIAL (GENERAL) • 1.26 Acres
      1106-1108 Pilgrim Way, WI
      View Details
    • Value Estimation by Request

      7809 County Rd U

      COMMERCIAL (GENERAL)
      7809 County Rd U, U, WI
      View Details
    • Value Estimation by Request
      0.61 Acres

      Follett St, WI

      COMMERCIAL (GENERAL) • 0.61 Acres
      Follett St, WI
      View Details
    • Value Estimation by Request
      0.18 Acres

      N

      COMMERCIAL (GENERAL) • 0.18 Acres
      N, Casaloma Dr, WI
      View Details
    • Value Estimation by Request
      2.60 Acres

      2303-2305 Sunny Ln, WI

      COMMERCIAL (GENERAL) • 2.60 Acres
      2303-2305 Sunny Ln, WI
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Land For Sale Glendale

      Land available for sale in Glendale, Wisconsin.
      W Towncenter Dr, Glendale, WI
      View Details
    • $1,045,000

      Land Near I-94 For Sale

      12 acres of land with I-94 and Hwy 12/29 access.
      I-94 Hwy, Menomonie, WI
      View Details
    • Contact for pricing
      12,250 SF

      Fitchburg Retail/Office Building For Sale

      Class B+ retail/office building in Fitchburg, Wisconsin.
      6200 Nesbitt Rd, Fitchburg, WI
      View Details
    • Contact for pricing

      Prime Land Parcel Available

      Land parcel with highway access in West Bend, Wisconsin.
      Corporate Ctr Dr & Continental Dr, West Bend, WI
      View Details
    • $532,000

      Shovel Ready Industrial Land

      Industrial land in modern park, close to major highways.
      8500 N Pfeil St, Milwaukee, WI
      View Details
    • Contact for pricing

      Fitchburg Commerce Park Land Parcel

      2.694-acre shovel-ready development opportunity in Fitchburg Commerce Park.
      2859 Commerce Park Dr, Fitchburg, WI
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      5,000 SF

      Turn-key Bar and Grill

      Well-known bar and grill available for lease.
      W3675 County Road Wh, Malone, WI
      View Details
    • Contact for pricing
      87,937 SF

      Germantown Industrial Facility For Lease

      Class A industrial facility in Germantown Gateway Corporate Park.
      W210 N12995 Gtwy Xing, Germantown, WI
      View Details
    • Contact for pricing
      4,530 SF

      Historic Office Building for Rent

      Five-story historic office building with old world charm.
      1044-1054 N Martin L King Jr Dr, Milwaukee, WI
      View Details
    • Contact for pricing
      22,594 SF

      Flex/R&D Building For Rent

      First generation flex/R&D building with drive-in doors.
      13207 Globe Dr, Mount Pleasant, WI
      View Details
    • Contact for pricing
      967 SF

      Verona Office Space For Rent

      Office space available in gray box condition, ready for improvements.
      957 Liberty Dr, Verona, WI
      View Details
    • Contact for pricing
      709 SF

      Glendale Office Space Available

      709 SF office space with two private offices.
      5555 N Prt Washington Rd, Glendale, WI
      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.
    2140 Velp Ave
    Green Bay, WI 54303
    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.