Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    951 N Perkins St Appleton, WI 54914

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Renovated property on 2 acres with parking and office spaces.

    Type:INDUSTRIAL
    Property size:
    4,275 SF
    Lot size:
    4.00 Acres
    Added:
    Jan 26, 2023
    Days on Market:
    1190
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 951 N Perkins St

    General Information

    Standard status
    Active
    Size
    4,275 SF
    Lot size
    4.00 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 951 N Perkins St Contact us

    We can help!

    Listing Contact
    Jim Bunjovac
    Jim Bunjovac

    Listing agent Jim Bunjovac License #7720494

    Listing office Drifka Group, Inc.

    Listing date Jan 26, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Drifka Group, Inc.

    Overview

    Renovated Appleton Property with Parking

    This property, renovated in 2019, features multiple office spaces and abundant parking. It occupies a 2-acre parcel suitable for storing equipment. The location on North Perkins Street in Appleton, Wisconsin, benefits from a traffic count of 2,100 vehicles per day on Freedom Road. The property offers the option to customize carpet and paint colors.
    Location Intelligence

    Current Use by Public Records

    Freimuth Masonry Construction Company Appleton Water & Fire ... General Contractor Capels Porta Building Supply

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4417
    Latitude
    44.2707

    Nearby Similar for Lease

    • $19 SF/Yr

      Retail Space Near Fox River Mall

      Retail spaces available in high-traffic Appleton location.
      1011 Mutual Way, Appleton, WI, 54913
      View Details
    • Sponsored
      Contact for pricing

      WI, Appleton - W College Ave

      100 College Ave, Unit 3RD, Appleton, WI 54911
      View Details
    • Contact for pricing

      Fox River

      4321 College Ave, Unit 200, Appleton, WI 54914
      View Details
    • $16 SF/Yr

      Retail Space Near Fox River

      Newly renovated retail space in Appleton's high-traffic retail corridor.
      4411-4453 W Wisconsin Ave, Appleton, WI
      View Details
    • $30 SF/Yr

      Retail Space Near Fox River Mall

      2,412 SF retail space near I-41 and Fox River Mall.
      133-149 N Mall Drive, Appleton, WI, 54913
      View Details
    • $14 SF/Yr

      Retail Space with Highway Access

      Retail space with build-out allowance and ample parking.
      1440 S Oneida St, Appleton, WI
      View Details
    • $14 SF/Yr

      Appleton Office and Retail Space

      Commercial office building with space for office and retail use.
      1616-1688 N Casaloma Dr, Appleton, WI
      View Details
    • $11 SF/Yr

      Appleton Retail/Office Space Available

      Multi-tenant retail/office space in a high-traffic Appleton location.
      2021-2025 N Casaloma Dr, Appleton, WI
      View Details
    • $16 SF/Yr

      Retail Space in Appleton

      Retail space available in a well-located Appleton building.
      2828 N Richmond St, Appleton, WI
      View Details
    • $17 SF/Yr

      Prime Retail Space in Appleton

      High-visibility retail space with ample parking and excellent exposure.
      4876-4898 W Lawrence St, Appleton, WI
      View Details
    • $14 SF/Yr

      Retail Space Near Walmart

      Retail property with high visibility and strong market advantages.
      3525 E Calumet St, Appleton, WI
      View Details
    • $15 SF/Yr

      Office Space with Highway Signage

      Office space with I-41 signage and abundant parking.
      4000-4010 W Spencer St, Appleton, WI
      View Details

    FAQs

    What type of property is this?
    Specialty property - Renovated property on 2 acres with parking and office spaces.
    Where is this specialty property located?
    The property is located at 951 N Perkins St Appleton, WI.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 2‑acre parcel ideal for storing equipment.; Abundant parking available.; Multiple office spaces.
    (920) 470-9198 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jim Bunjovac
    Jim Bunjovac
    Real Estate License ID: 7720494
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!