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$148.92
Days on Market99
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
Listed By:
Tim Besaw · License #WI 52657
(920) 680-8080
Source:
Crexi
Added: Jul 29
Changed: Nov 2
Last Checked: Nov 3 at 5:21AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$316,839
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,336,780
$6.3M
Cap Rate 7%
$4,526,271
$4.5M
Cap Rate 9%
$3,520,433
$3.5M
Market Conditions
NOI Build-Up for 24,510 SF
Gross rent
$464.7K $18.96/SF
− Vacancy
−$12.1K −$0.49/SF
EGI
$452.6K $18.47/SF
− OpEx
−$135.8K −$5.54/SF
NOI
$316.8K $12.93/SF
Area
Outagamie County, WI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,336,780
Cap Rate 7%
$4,526,271
Cap Rate 9%
$3,520,433
Alternative Uses
Best Use
Office B
$5.21M
$4.56M – $6.08M
NOI $364,944 @ 7.0% cap · market cap 10.00%
Second Best
Healthcare Medical
$5.12M
$4.48M – $5.97M
NOI $358,053 @ 7.0% cap · market cap 9.81%
Theoretical Best
Office A
$6.76M
$5.91M – $7.88M
NOI $473,044 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Similar Off Market Nearby
- Proactiv Kiosk — 4301 W Wisconsin Ave, Appleton, WI 54913
- Sunglass Hut — 4301 W Wisconsin Ave Space 326, Appleton, WI 54913
- Fox River Mall — 4301 W Wisconsin Ave, 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 $3,650,000.
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
