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    2430 E Mason St Green Bay, WI 54302
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    Property profile & analytics

    2430 E Mason St Green Bay, WI 54302

    View on Map
    • Retail space
    • 119,481 SF
    • 10.10 lot acres
    For Lease
    $3,955,000
    View Listing →
    Retail Space For Lease For Lease
    $3,955,000

    Retail Space For Lease

    Retail space available for lease.

    2430 E Mason St, Green Bay, WI 54302
    View Listing
    Property ID
    US92-0684004
    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

    • higi / Physician
    • Christine Thomas / Pharmacy
    • John Hofmann / Pharmacy
    • John Simonet / Pharmacy
    • Lynn Bond / Pharmacy

    Property Details for 2430 E Mason St

    Year built
    1989
    Lot size
    10.10 lot acres
    Property size
    119,481 SF
    Zone code
    R1
    Property type
    Retail space
    APN
    21 126-11
    APU
    2112611

    Description

    This exceptional 105,923-square-foot free-standing retail building presents a unique redevelopment opportunity. Located on Main Street in Brown County, this single-tenant property sits on a generous 10.09 acres and offers significant leasing potential. Originally constructed in 1989 and renovated in 2002, the building boasts a single story design and is zoned PUD. The property features multiple access points, ensuring convenient ingress and egress for customers and employees. Ample parking is available, with over 400 parking stalls accommodating a high volume of traffic. The property's prominent location allows for pylon signage, maximizing visibility and brand recognition. The property taxes are $0.95 per square foot. This redevelopment project offers flexible leasing options for large-format and junior box spaces, ranging from 12,000 to 105,000 square feet. Delivery is scheduled for Summer 2024. The area is experiencing significant growth, with new retailers such as Chipotle, Panera Bread, and Cousins Subs already established nearby. This presents a compelling investment opportunity for businesses seeking high visibility and convenient access in a thriving retail market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,065,000
      Market price range: $5.07M - $18.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Green Bay
    County
    Brown
    State
    Wisconsin
    Longitude
    -87.9614
    Latitude
    44.4858
    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
    $71,293
    $1,973,700
    $1,716,700
    $3,690,400
    -
    $0.00
    $0.00
    $4,152,600

    Comparable in this City

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      $955,000
      6,000 SF

      2042 University Ave

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      View Details
    • Value Estimation by Request
      1,195 SF

      917 Irwin Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,195 SF
      917 Irwin Ave, Green Bay, WI 54302-1444
      View Details
    • Value Estimation by Request
      0.58 Acres

      1263 Main St

      RETAIL STORES (PERSONAL SERVICES) • 0.58 Acres
      1263 Main St, Green Bay, WI 54302-1341
      View Details
    • Value Estimation by Request
      1,296 SF

      733 Lime Kiln Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,296 SF
      733 Lime Kiln Rd, Green Bay, WI 54302-3805
      View Details
    • Value Estimation by Request
      3,950 SF

      1768 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,950 SF
      1768 Main St, Green Bay, WI 54302-3260
      View Details
    • Value Estimation by Request
      3,104 SF

      1464 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,104 SF
      1464 Main St, Green Bay, WI 54302-1743
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,025 SF

      Fully Occupied Retail Center

      100% occupied retail center with national tenants.
      2230 Main St, Green Bay, WI 54302
      View Details
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      New Construction Retail Space For Sale

      Brand-new 15,000 SF retail space with long-term tenant.
      2414 East Mason St, Green Bay, WI 54302
      View Details
    • Contact for pricing
      5,428 SF

      Green Bay Retail/Restaurant Opportunity

      Retail or restaurant property with ample parking and outdoor seating.
      1464 University Ave, Green Bay, WI 54302
      View Details
    • $1,500,000
      1,311 SF

      Green Bay Gas Station Opportunity

      Turn-key gas station with convenience store in high-traffic Green Bay.
      2115 Main St, Green Bay, WI 54302
      View Details
    • $175,000
      0.28 Acres

      Main Street Parking Lot

      Well-maintained parking lot on Main Street in Green Bay.
      1662 Main St, Green Bay, WI 54302
      View Details
    • Contact for pricing
      14,383 SF

      Retail Building on University Avenue

      14,383 SF retail building on 1.453 acres.
      1819 University Ave, Green Bay, WI 54302
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      2430 E Mason St, Green Bay, WI 54302
      View Details
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      Retail/Office Suite For Lease

      Retail or office suite in active Green Bay retail corridor.
      2136 Main St, Green Bay, WI 54302
      View Details
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      Green Bay Manufacturing/Warehouse Space

      20,000 SF manufacturing/warehouse space with office and crane.
      1850 Cofrin Dr, Green Bay, WI 54302
      View Details
    • Contact for pricing

      Land for Retail and Office

      Land suitable for retail and office uses with easy access.
      1935-1965 Badgerland Dr, Green Bay, WI 54302
      View Details
    View Listing
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    Green Bay, WI 54302
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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.

    More about this property
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