Medical-Focused Shopping
For Sale
Contact for pricing
1600-1688 N Casaloma Drive, Appleton, WI 54913
Commercial shopping center with medical occupants, NNN lease structure, available space, and an owner-held backup generator.
Property Size24,510 SF
Price / SF$173.40
Days on Market8
Property Features for 1600-1688 N Casaloma Drive
General Information
Standard status
Active
Size
24,510 SF
Class
A
Property subtype
Retail, Office
Zoning
Commercial
Occupancy
71%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$307,206
Additional Details
Cap Rate
7%
Amenities
backup generator
Building Details
Year Built
2008
Year Renovated
2015
Tenancy
Multi
Listing Agency:
Besaw Properties LTD
(920) 338-8080
Listed By:
Tim Besaw · License #WI 52657
Source:
Crexi
Added: Jul 29
Changed: Aug 5
Last Checked: Aug 5 at 4:09AM
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 Besaw Properties LTD
Investment Insights
Based on property information with market context.
This 24,510-square-foot shopping center at 1600-1688 N. Casaloma Drive includes predominantly medical occupancy and a mix of long-term NNN leases. Built in 2008, the property also includes 7,050 square feet of vacant area for a new occupant or future repositioning. An onsite backup generator is owned by the seller.
The property is located in Appleton, Wisconsin, and is identified for Commercial zoning. The current 7% cap rate and combination of leased and vacant space provide a clear overview of the existing operating profile.
The property is located in Appleton, Wisconsin, and is identified for Commercial zoning. The current 7% cap rate and combination of leased and vacant space provide a clear overview of the existing operating profile.
Key Highlights
- 24,510 square feet of shopping center space
- 7,050 square feet currently vacant
- Predominantly medical occupancy with long‑term NNN leases
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $552.9k | $22.56 |
| − Vacancy | −$66.4k | −$2.71 |
| EGI | $486.6k | $19.85 |
| − OpEx | −$121.6k | −$4.96 |
| NOI | $364.9k | $14.89 |
24,510 SF · lease $22.56/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.21M
$4.56M – $6.08M
NOI $364,944 @ 7.0% cap · market cap 8.59%
Second Best
Healthcare Medical
$5.12M
$4.48M – $5.97M
NOI $358,053 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$6.76M
$5.91M – $7.88M
NOI $473,044 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54913, WI
23,818
Population
9,930
Households
2.4
Avg Household Size
40
Median Age
47%
College-Educated
98%
High-School Grad
64.2 sq mi
ZIP Area
371
Density / Sq Mi
$103,149
Median Household Income
$57,739
Median Earnings
$1,158
Median Rent
$365,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Fox River Mall — 4301 W Wisconsin Ave, Appleton, WI 54913
- Proactiv Kiosk — 4301 W Wisconsin Ave, Appleton, WI 54913
- Sunglass Hut — 4301 W Wisconsin Ave Space 326, Appleton, WI 54913
- Center Valley — 3810 W Wisconsin Ave, Grand Chute, WI 54914
- Trasino Landing — 1616 N Casaloma Dr, Appleton, WI 54913
Frequently Asked Questions
What type of property is this?
Shopping center - Commercial shopping center with medical occupants, NNN lease structure, available space, and an owner-held backup generator.
Where is this shopping center located?
The property is located at 1600-1688 N Casaloma Drive Appleton, WI.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 24,510 square feet of shopping center space; 7,050 square feet currently vacant; Predominantly medical occupancy with long‑term NNN leases
