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

    2278 Bay Settlement Rd Green Bay, WI 54311-7310

    • Grocery and convenience stores
    • 1,030 SF
    • 2.07 lot acres
    OFF-MARKET
    Last Sale
    Oct 26, 2023
    $920,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0581399
    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

    • Cenex / Convenience Store / Gas Station
    • Athena Bitcoin ATM / Crypto Atm / Atm
    • bp / Gas Station / Convenience Store
    • Hill Top Cafe / Restaurant / Cafe

    Property Details for 2278 Bay Settlement Rd

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.07 lot acres
    Property size
    1,030 SF
    Property type
    Grocery and convenience stores
    APN
    21 232-1
    APU
    212321

    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
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -87.9056
    Latitude
    44.5287
    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
    $17,390
    $233,600
    $619,300
    $852,900
    -
    $0.00
    $0.00
    $959,800

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      3150 Tobermory Dr

      GROCERY, SUPERMARKET • 1,400 SF
      3150 Tobermory Dr, Green Bay, WI 54311-7610
      View Details
    • Value Estimation by Request
      0.11 Acres

      3118 Tobermory Dr

      GROCERY, SUPERMARKET • 0.11 Acres
      3118 Tobermory Dr, Green Bay, WI 54311-7610
      View Details
    • Value Estimation by Request
      1,232 SF

      3128 Tobermory Dr

      GROCERY, SUPERMARKET • 1,232 SF
      3128 Tobermory Dr, Green Bay, WI 54311-7610
      View Details
    • Value Estimation
      $1,400,000
      7,083 SF

      840 Huron Rd

      CONVENIENCE STORE • 7,083 SF
      840 Huron Rd, Green Bay, WI 54311-8030
      View Details
    • Value Estimation by Request
      1,440 SF

      3120 Tobermory Dr

      GROCERY, SUPERMARKET • 1,440 SF
      3120 Tobermory Dr, Green Bay, WI 54311-7610
      View Details
    • Value Estimation by Request
      0.23 Acres

      3380 Finger Rd

      GROCERY, SUPERMARKET • 0.23 Acres
      3380 Finger Rd, Green Bay, WI 54311-7619
      View Details

    Similar Nearby for Sale

    • $999,900
      7,400 SF

      Executive Office Building, Green Bay

      7,400 SF Office, 3-Acre Lot, High Traffic
      3139 Voyager Dr, Green Bay, WI 54311
      View Details
    • Contact for pricing
      1.50 Acres

      Bellevue Retail Center Investment Opportunity

      Prime Retail Pad Sites in Green Bay, WI
      0 Wi-172, Green Bay, WI 54311
      View Details
    • $1,750,000

      High-Traffic Commercial Property for Sale

      Generously sized commercial property with high traffic location and endless opportunities.
      2728 Manitowoc Rd, Bellevue, WI 54311
      View Details
    • $475,000
      3,550 SF

      Auto Shop on Corner Lot

      Former service station and auto repair shop on 1.5 acres.
      2584 Bay Settlement Rd, Green Bay, WI 54311
      View Details
    • $329,900
      10.35 Acres

      10-Acre Farm Near Green Bay

      Agricultural land, development potential.
      0 Vandenberg Rd, Green Bay, WI 54311
      View Details
    • $104,900
      0.45 Acres

      Residential Land in Green Bay

      Vacant land in Bellevue with character and beauty.
      2986 Creekwood Dr, Green Bay, WI 54311
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Bellevue Retail Opportunity: Prime Location

      Retail development, flexible spaces, high-traffic area.
      GV County Rd, De Pere, WI 54311
      View Details
    • $13 SF/Yr
      3,138 SF

      Huron Marketplace Office Suites

      Green Bay executive office space available
      821 Huron Rd, Green Bay, WI 54311
      View Details
    • $6 SF/Yr
      3,572 SF

      Office and Warehouse Space Available

      Office and warehouse spaces for lease with ample parking.
      2976-2986 Voyager Dr, Green Bay, WI 54311
      View Details
    • $9 SF/Yr
      360 SF

      Green Bay Office Space Available

      Well-maintained office space with ample parking near Interstate 43.
      840 Challenger Dr, Green Bay, WI 54311
      View Details
    • Contact for pricing
      1,060 SF

      Executive Suites, Verlin Road

      Brown County Office Space Available Now
      2325 Verlin Rd, Green Bay, WI 54311
      View Details
    • $15 SF/Yr
      7,410 SF

      Green Bay Medical Office Building

      7,410 SF Office Space, Ample Parking
      2679 Continental Dr, Green Bay, WI 54311
      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.
    2278 Bay Settlement Rd
    Green Bay, WI 54311-7310
    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.