Medical-Tenant Strip
For Sale
$4,250,000
1600 N Casaloma Dr, Appleton, WI 54913
The center is occupied primarily by medical tenants and has received upgrades within the last three years.
Property Size24,510 SF
Price / SF$173.40
Days on Market67
Property Features for 1600 N Casaloma Dr
General Information
Standard status
Active
Size
24,510 SF
Additional Details
Cap Rate
7%
Building Details
Year Built
2007
Tenancy
Multi
Listing Agency:
Besaw Properties, Ltd
Listed By:
Timothy J. Besaw
(920) 338-8080
Source:
Heathergossen
Added: Aug 9
Changed: Oct 13
Last Checked: Oct 7 at 3:38PM
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.
Built in 2007, this strip mall is primarily leased to medical tenants and includes 7,000 square feet of vacant space. The property has undergone multiple upgrades within the last three years, providing a recently improved physical platform for ongoing operations and leasing activity.
Located at 1600 N Casaloma Dr in Appleton, Wisconsin, the center is offered as a commercial investment with a reported 7% cap rate. The property is broker owned.
Located at 1600 N Casaloma Dr in Appleton, Wisconsin, the center is offered as a commercial investment with a reported 7% cap rate. The property is broker owned.
Key Highlights
- Primarily medical tenant strip mall
- 7,000 square feet currently vacant
- 7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$364,944
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,298,880
$7.3M
Cap Rate 7%
$5,213,486
$5.2M
Cap Rate 9%
$4,054,933
$4.1M
Market Conditions
NOI Build-Up for 24,510 SF
Gross rent
$552.9K $22.56/SF
− Vacancy
−$66.4K −$2.71/SF
EGI
$486.6K $19.85/SF
− OpEx
−$121.6K −$4.96/SF
NOI
$364.9K $14.89/SF
Area
Outagamie County, WI
Vacancy
12.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,298,880
Cap Rate 7%
$5,213,486
Cap Rate 9%
$4,054,933
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.
How Realmo checks its estimates
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Strip mall - The center is occupied primarily by medical tenants and has received upgrades within the last three years.
Where is this strip mall located?
The property is located at 1600 N Casaloma Dr 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: Primarily medical tenant strip mall; 7,000 square feet currently vacant; 7% cap rate
