2323 W Everett Street, Appleton, WI 54914

Building Details

Year Built 1970 More

Year Renovated 2024 More

Building Size 3,000 SF More

Listing Agency: NAI Pfefferle

Listed By: Jonathan Glassco · License #WI Show Phone

Source: Crexi

Added: Sep 30 Changed: Nov 8 Last Checked: Nov 8 at 2:14PM

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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 NAI Pfefferle

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Investment Insights

Based on property information with market context.

This 3,000-square-foot flex property combines office and garage space. The 1,800-square-foot office portion has five offices, a reception area with desk, two bathrooms, and a breakroom/kitchen. A heated 1,200-square-foot garage provides a 10-foot-by-10-foot door. The building dates to 1970 and received new siding, interior paint, and carpet in 2024.

Set on 0.403 acres at 2323 W. Everett Street in Appleton, Wisconsin, the property has more than 15 parking stalls.

Key Highlights

• 3,000 SF total building area on 0.403 acres
• 1,800 SF office area with five offices, reception area, two bathrooms, and breakroom/kitchen
• Heated 1,200 SF garage with a 10' x 10' door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,229

Cap Rate

5.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$344,580 $344.6K

Cap Rate 7%

$246,129 $246.1K

Cap Rate 9%

$191,433 $191.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$28.4K $9.48/SF

− Vacancy

−$1.9K −$0.64/SF

EGI

$26.5K $8.84/SF

− OpEx

−$9.3K −$3.09/SF

NOI

$17.2K $5.74/SF

Area

Outagamie County, WI

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$344,580

Cap Rate 7%

$246,129

Cap Rate 9%

$191,433

Alternative Uses

Best Use

Flex RnD

$246.1K

$215.4K – $287.2K (±1% cap)

NOI $17,229 @ 7.0% cap · market cap 5.30%

Second Best

Warehouse

$209.0K

$182.9K – $243.9K (±1% cap)

NOI $14,633 @ 7.0% cap · market cap 4.50%

Theoretical Best

Office A

$827.1K

$723.8K – $965.0K (±1% cap)

NOI $57,900 @ 7.0% cap · market cap 17.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Pharmacy Restaurant Garden Center Cafe & Coffee Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

299

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 54914, WI

31,082

Population

14,002

Households

2.2

Avg Household Size

38

Median Age

31%

College-Educated

93%

High-School Grad

19.2 sq mi

ZIP Area

1,619

Density / Sq Mi

$77,199

Median Household Income

$42,481

Median Earnings

$936

Median Rent

$210,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office areas include five private offices, a reception area, two bathrooms, and a breakroom with kitchen.

Where is this flex space located?

The property is located at 2323 W Everett Street Appleton, WI.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 3,000 SF total building area on 0.403 acres; 1,800 SF office area with five offices, reception area, two bathrooms, and breakroom/kitchen; Heated 1,200 SF garage with a 10' x 10' door