Add Listing
    For Sale
    • 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

    2521 Memorial Dr Appleton, WI 54915

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $525,000

    Prime Location, Versatile Layout, High Traffic

    Property size:
    6,494 SF

    Property Features for 2521 Memorial Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,494 SF
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Brenda Young
    Brenda Young

    Listing Agency: Expert Real Estate Partners, LLC Listing Agent: Brenda Young

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 6,494 square foot commercial building is strategically located on S Memorial Drive in Appleton, WI, a highly trafficked road offering unparalleled visibility. The 0.26-acre lot boasts excellent signage opportunities, including a large pylon billboard, ensuring maximum brand exposure to a substantial daily audience. The spacious and well-lit interior is perfect for a variety of retail or commercial uses. The adaptable layout allows for customization to suit diverse business needs. The building includes a large showroom area, providing ample space for displays or operations. Two convenient public restrooms and a private bathroom are also included. Its prime location offers easy access to major highways and the airport, along with numerous other amenities, making it an ideal location for businesses seeking high visibility and convenient access. The asking price for this exceptional property is $525,000. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Appleton location. Don't miss out on this chance to establish your business in a high-traffic area with excellent visibility and a versatile layout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    WINNEBAGO
    State
    Wisconsin
    Longitude
    -88.42448
    Latitude
    44.23869

    Nearby Similar for Sale

    • $575,000
      Pending

      Updated Duplex Near Fox Valley

      Updated duplex near Fox Valley Tech with convenient highway access.
      2117 Cloudview Ct, Appleton, WI 54914
      View Details
    • $8,990,000
      115,776 SF

      Appleton Office Building For Sale

      Premier office property in Appleton, WI, with high visibility.
      1101 South River St, Appleton, WI 54915
      View Details
    • $274,900
      1,728 SF

      Appleton Duplex: Investment Opportunity

      Side-by-side duplex in desirable rental area. Great investment property!
      2325 N Ballard Rd, Appleton, WI 54911
      View Details
    • Contact for pricing
      115,776 SF

      Appleton Office Space For Lease

      Office space for lease near Lawrence University in Appleton, WI.
      1111 South River St, Appleton, WI 54915
      View Details
    • $255,000
      1,937 SF

      Well-Maintained Duplex in Appleton, WI

      Duplex near hospital, great investment or owner-occupant opportunity.
      415 E Maple St, Appleton, WI 54915
      View Details
    • $295,000
      2,244 SF

      Appleton Multi-Family Property Near Downtown

      Two-story duplex near downtown Appleton with two-car garages.
      221 E Winnebago St, Appleton, WI 54911
      View Details
    • $544,900
      3,484 SF

      Appleton Duplex: Fully Rented

      Side-by-side duplex in Grand Chute, ideal for investors.
      2119 N Cloudview Dr, Appleton, WI 54914
      View Details
    • $299,900

      Downtown Commercial Building with Parking

      Downtown Appleton commercial building suitable for office or retail use.
      222 S State St, Appleton, WI 54911
      View Details
    • $450,000
      2,908 SF

      Appleton Duplex Investment Opportunity

      Desirable side-by-side duplex near shopping and restaurants.
      68 Valerie Dr, Appleton, WI 54915
      View Details
    • Contact for pricing
      115,776 SF

      Move-in Ready Appleton Office Space

      Three-story office building with parking near Lawrence University.
      1111 South River St, Appleton, WI 54915
      View Details
    • $10,500,000
      525 SF

      Downtown Appleton Office/Retail Space

      Class A office/retail space in downtown Appleton with high visibility.
      100 W Lawrence St, Appleton, WI 54911
      View Details
    • $374,900
      5,600 SF

      Fox Valley Supper Club Opportunity

      Iconic supper club with living space on 2.75 acres.
      4899 County Road Ee, Appleton, WI 54911
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Versatile Layout, High Traffic
    Where is this commercial real estate located?
    The property is located at 2521 Memorial Dr Appleton, WI.
    What is the asking price?
    The asking price for this property is $525,000.
    (920) 422-1234
    Request Owner's contact information
    2521 Memorial Dr Appleton, WI 54915
    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.
    2521 Memorial Dr
    Appleton, WI 54915
    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
    2521 Memorial Dr Appleton, WI 54915
    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

    We can help!
    Listing Contact
    Brenda Young
    Brenda Young
    (920) 422-1234 (920) 903-1600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!